CoinEx Will List HMT on August 12 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list HMT and support deposit and withdrawal & Automated Market Making (AMM) on August 12, 2021 (UTC). And its trading pair HMT/USDT will be available on the same day.

HMT Services

1. Deposit: 03:00 August 12 (UTC)

2. Withdrawal: 03:00 August 12 (UTC)

3. Trading pair: HMT/USDT

4. Opening method: Call Auction

a. Call Auction

03:00-10:50 August 12, 2021 (UTC)

Orders can be placed and canceled

10:50-11:00 August 12, 2021 (UTC)

Orders can be placed but cannot be canceled

b. Trading

11:00 August 12, 2021 (UTC)

About HMT
Website丨Explorer丨 Whitepaper

Human, unlocking the world’s workforce, build a new way for humans and machines to securely connect and collaborate. HUMAN Protocol enables the creation of distributed marketplaces for tasks across a global network. The Protocol is not the marketplace itself, but the infrastructure that facilitates the creation, settlement, and automation of the decentralized marketplaces. Because the Protocol offers a broadly applicable solution to the evaluation, organization, and compensation of labor, almost any kind of work can be traded in HUMAN marketplaces. While the Protocol is designed to be universally applicable, initial applications have focused on marketplaces to facilitate machine learning, in particular by collecting the huge volume of human annotations required to deliver and maintain service quality.

In human Protocol, there are two main users:
(i) Requesters of work: there are humans or machines who pay a fee in HMT to launch jobs on the blockchain;
(ii) Workers, typically humans, who are compensated in HMT for completing those jobs.

A cryptocurrency, HMT, is the primary mechanism of value transfer within the network.

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%, for market makers is 0.15%. VIP 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 11, 2021

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