Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list SLIM and support deposit and withdrawal & Automated Market Making (AMM) on September 14, 2021 (UTC). And its trading pair SLIM/USDT will be available on the same day.
1. Deposit: 03:00 Sep 14 (UTC)
2. Withdrawal: 03:00 Sep 14 (UTC)
3. Trading pair: SLIM/USDT
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
Solanium is a Fundraising and trading platform on solana. The platform will introduce decentralized fundraising, time-weighted token staking and governance voting to the Solana ecosystem.
Solanium are giving high priority to both UI and UX, as the team think good UI is one of the core principles that are currently lacking or not prioritized in the ecosystem. The project feels that this is one of the most important factors to onboard new(bie) users to the Solana ecosystem.
The platform will be an all-in-one solution for Solana, with integrated wallet, DEX and transaction management. All major Solana wallets will be supported. The platform will extend any connected wallet with inline wallet management. The user does not have to leave the platform to see token balances, send or receive tokens or manage token accounts. Experienced users can still manage their wallet through their wallet provider, and any changes will directly be reflected on the platform.
SLIM is the native token for the Solanium platform. Role of SLIM token:
1. IDO participants must stake a certain amount of tokens into the platform. The number of Stake will be classified according to the rank for Claim to be able to participate.
2. SLIM token holders can also participate in platform governance through the DAO foundation.
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