CoinEx Will List ALBT on August 25 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list ALBT and support deposit and withdrawal & Automated Market Making (AMM) on August 25, 2021 (UTC). And its trading pair ALBT/USDT will be available on the same day.

ALBT Services

1. Deposit: 03:00 August 25 (UTC)

2. Withdrawal: 03:00 August 25 (UTC)

3. Trading pair: ALBT/USDT

4. Opening method: Call Auction

a. Call Auction

03:00-10:50 August 25, 2021 (UTC)

Orders can be placed and canceled

10:50-11:00 August 25, 2021 (UTC)

Orders can be placed but cannot be canceled

b. Trading

11:00 August 25, 2021 (UTC)

About ALBT
Website丨Explorer丨 Whitepaper

AllianceBlock is building a decentralized finance ecosystem to simplify capital markets by collapsing the multiple layers of traditional investment banking; and streamlining Issuance, Validation and Governance through our Cross Border Regulatory and Compliance Framework.

The vision of AllianceBlock is to reshape Capital Markets by decentralizing decision-making, removing financial intermediaries in settlement, reconciliation and corporate actions, and encouraging Sustainable projects with a positive social and environmental Impact. AllianceBlock is changing the dynamics of Capital Markets by making the assessment, selection and governance of issuers and their projects community driven. In our framework, investors “earn” a Reputation Score, which weighs their influence in the collaborative decision-making process with regards to the projects. The reputation-based approach to market influence is an alternative to traditional approaches where the largest investors get preferential treatment. With AllianceBlock the flow of Capital becomes more objective, fairer and participative, what it is called Participative Capitalism.

ALBT tokens are the backbone of the Prometheus Network ecosystem. ALBT token has the following features:

· The medium of exchange

· Mean of reward

· Currency reserve of ecosystem Treasury Pool

· Network fees

· Mean of payment for access to data and data query

· Collateral in transactions

· Voting and delegating of voting power

· Staking

· Network Participant Rating

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 25, 2021

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