Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list XED and support deposit and withdrawal & Automated Market Making (AMM) on September 14, 2021 (UTC). And its trading pair XED/USDT will be available on the same day.
1. Deposit: 03:00 Sep 14 (UTC)
2. Withdrawal: 03:00 Sep 14 (UTC)
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Sep 14, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Sep 14, 2021 (UTC)
Orders can be placed but cannot be canceled
Exeedme is a fair and trusted Play2Earn gaming platform, built on top of the blockchain.
Exeedme enable all gamers to monetize their skills and earn money while playing their favorite games.
Gamers earn with their bets, earn XED for engagement, and exclusive NFTs prizes for winning tournaments and league events: trophies, collectibles and in-game assets they own and are able to trade or monetize.
Exeedme’s technology will enable the majority of earnings in its economy to go directly to gamers of all skill levels. Gamers no longer have to be professionals to earn money playing video games. Earnings are distributed fairly and the platform provides gamers honest rewards and control over their earnings.
Token utility(XED): A Gaming platform that empowers XED holders
Game Minging:Gamers can collect XED and NFTs by playing,growing their ranking position or completing milestones, by Staking XED or providing liquidity,players can unlock XED and NFT rewards that can be collected base on their activity in the platform.
Access:XED gives access to Tournaments,Leagues,high stakes,lower fees and Defi exclusive opportunities.Organisers stake XED to create communities and organize Tournaments and Leagues.The more XED, the bigger the event.
Own:Allow games to drive and govern the future of Exeedme platform, Stake XED to vote on new features,new games and reward distribution.
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
Sep 13, 2021