Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HTR and support deposit and withdrawal & Automated Market Making (AMM) on Aug 10, 2021 (UTC). And its trading pair HTR/USDT and HTR/BTC will be available on the same day.
HTR Services
1. Deposit: 03:00 Aug 10 (UTC)
2. Withdrawal: 03:00 Aug 10 (UTC)
3. Trading pair: HTR/USDT, HTR/BTC;
4. Opening method: Call Auction
a. Call Auction
03:00—10:50 Aug 10, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 Aug 10, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
11:00 Aug 10, 2021 (UTC)
About HTR
Website丨Explorer丨 Whitepaper
Hathor is a scalable and easy-to-use blockchain for digital assets. It is a transactional consensus platform comprised of an entirely novel architecture, based on concepts from both directed acyclic graph (DAG) and blockchain technologies combined. Hathor propose a solution to the problems of scalability and decentralization maintenance among distributed ledger networks by including a chain of mined blocks inside a DAG of transactions. The blockchain ensures security when the number of transactions per second is small, whereas the DAG prevails when the number increases significantly. The primary result is that it seems to work correctly under any number of transactions per second. Hathor architecture allows the platform to scale on layer one achieving hundreds of transactions per second. Furthermore, the team focus on usability for the end user, so creating a new token is extremely easy on our platform besides having zero fee to exchange your tokens. Hathor’s architecture allows a great number of transactions per second, since new transactions verify previous ones (and there is no such thing as “maximum block size”). The more transactions are coming, the faster previous transactions will be confirmed. It is the opposite of Bitcoin because the network benefits from high volume scenarios. Hathor solves the scalability problem present in Blockchain based cryptocurrencies without affecting security.
Hathor (HTR) is the native unit of account of the Hathor Network, created as a utility token needed to access the decentralized payment, contracting and token issuance capabilities of our technologies.
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 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
Aug 10, 2021
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