CoinEx Will List FRONT on August 17 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list FRONT and support deposit and withdrawal & Automated Market Making (AMM) on August 17, 2021 (UTC). And its trading pair FRONT/USDT will be available on the same day.

FRONT Services

1. Deposit: 07:00 August 17 (UTC)

2. Withdrawal: 07:00 August 17 (UTC)

3. Trading pair: FRONT/USDT

4. Opening method: Call Auction

a. Call Auction

07:00-10:50 August 17, 2021 (UTC)

Orders can be placed and canceled

10:50-11:00 August 17, 2021 (UTC)

Orders can be placed but cannot be canceled

b. Trading

11:00 August 17, 2021 (UTC)

About FRONT
Website丨Explorer

Frontier is a decentralized financial application aggregation platform that supports multiple public chains. It is currently a wallet, but does not provide password management functions. It aims to provide users with better DeFi through aggregation functions. The team is currently developing a DPOS based mechanism The public chain is used for decentralized password management .To date, we have added support for DeFi on Ethereum, Binance Chain, BandChain, Kava, and Harmony. Via StaFi Protocol, we will enter into the Polkadot ecosystem, and we will now put vigorous efforts towards Serum.Frontier’s core mission is to bring the essential pieces of DeFi to users across whichever platforms they prefer.
FRONT is Frontier’s future native-chain token that is designed to incentivize entry in DeFi, especially for smaller purse players who are unable to participate due to prohibitive costs. Highest impact value capture utilities of FRONT will be staking to secure our decentralized key management Frontier Chain, governance via FRONT native, deflationary mechanisms, NFT acquisition and creation, and discounted token sends and exchanges.

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 16, 2021

Articles in this section