CoinEx Will List CFG on August 9 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list CFG and support deposit and withdrawal & Automated Market Making (AMM) on August 9, 2021 (UTC). And its trading pair CFG/USDT will be available on the same day.

CFG Services

1. Deposit: 07:00 August 9 (UTC)

2. Withdrawal: 07:00 August 9 (UTC)

3. Trading pair: CFG/USDT

4. Opening method: Call Auction

a. Call Auction

07:00-10:50 August 9, 2021 (UTC)

Orders can be placed and canceled

10:50-11:00 August 9, 2021 (UTC)

Orders can be placed but cannot be canceled

b. Trading

11:00 August 9, 2021 (UTC)

About CFG
Website丨Explorer丨 Whitepaper
Centrifuge, Real-World DeFi, Unlocking liquidity for real world assets. Centrifuge is a network that provides access to fast, cheap capital for small businesses and stable yield for investors. Tinlake is Centrifuge’s investment app that acts as an open marketplace of real-world asset pools. Investors can look through the pools provided by Asset Originators and invest in the ones that work for them. Centrifuge Chain is the home for real-world assets (RWA) on-chain. It is a Proof-of-Stake blockchain built on Substrate that enables users to bring their assets on-chain as non-fungible tokens (NFTs). This is the starting point to unlock financing for any type of asset through DeFi. Centrifuge Chain is bridged to Ethereum, but uses its own native token - the Centrifuge (CFG) token. Centrifuge bridges real-world assets into DeFi (“Decentralized Finance”) to bring down the cost of capital for SMEs and provide DeFi investors with a stable source of yield uncorrelated from volatile crypto assets.

CFG is the native token centrifuge system, providing the framework needed run the platform. It has following utility:
Governance: CFG holders participate in governance through on-chain voting.
Transaction Fees: Transaction fees are paid in CFG by users for:achors,NFT minting, Tinlake financing transactions and many more functionalities to come.
Rewards for Centrifuge Adoption: Users of Centrifuge are incentivized to provide value to the platform through CFG reward.
Chain Security: Users pay fees for transactions in CFG.

What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more

Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%. VIP and market makers will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.

Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.

2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.

3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.

Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses

CoinEx Team
August 9, 2021

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