Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list RACA and support deposit and withdrawal & Automated Market Making (AMM) on August 25, 2021 (UTC). And its trading pair RACA/USDT will be available on the same day.
1. Deposit: 07:00 August 25 (UTC)
2. Withdrawal: 07:00 August 25 (UTC)
3. Trading pair: RACA/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 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
Radio Caca is the exclusive manager of Maye Musk Mystery Box (MPB) NFT and DeFi+GameFi vehicle for “The United States of Mars (USM)” Metaverse. Unitil August 2021,projects involved on Radio Caca are as the following:
- Maye Musk Koda Mystery box is the fist and the only “MUSK” BOX with sticker of $MPB. Each MPB will unlock lands and new partner USM Metaverse.
- USMis an MMO 3D Mapping Metaverse and is based on a 2- year development with the expectation to launch a mini-game on BSC in September 2021 and launch in March 2022 officially.
- The dancing Koda NFT where Koda is a decentralized AI robotic dogs with the optionality to store data on the IPFS/Filecoin Network.
- The Tesla Cybertruck airdrop exclusively for MPB.
The RACA token empowers users in The USM Verse — a perfect union: $RACA can farm land, rare resources, and other NFTs in the USM Metaverse. $RACA is the governance token of the USM Metaverse.
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 25, 2021