Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list UOS and support deposit and withdrawal & Automated Market Making (AMM) on August 18, 2021 (UTC). And its trading pair UOS/USDT will be available on the same day.
1. Deposit: 03:00 August 18 (UTC)
2. Withdrawal: 03:00 August 18 (UTC)
3. Trading pair: UOS/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 August 18, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 August 18, 2021 (UTC)
Orders can be placed but cannot be canceled
Ultra is the a blockchain-based entertainment platform providing all key games industry services under a single roof, accessible through a single login. Built around PC game distribution platform, Ultra Games will provide access to countless centralized and decentralized services: Discover, buy, play and sell games and in-game items, watch live-streaming feeds, interact with users’ favorite influencers, participate in contests, compete in tournaments and much more.
Ultra has been built to extinguish the frontier between blockchain and mass market, between DAPPS and APPs and between legacy items and NFTs.
Ultra’s blockchain brings gamers these exciting changes and more! With Ultra, users get the opportunity to monetize their gameplay, trade their games and in-game assets, and be rewarded for participating in beta tests and watching live streams. Not only that but they will also be rewarded for bringing other users to the platform through Ultra’s multi-level referral program and content promoter program.
The Ultra token (UOS) serves a variety of purposes within the Ultra platform, both at the protocol (staking) and at the app level (transactions).
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.
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
August 18, 2021