CoinEx Will List PUSH on September 15 – CoinEx Announcement

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list PUSH and support deposit and withdrawal & Automated Market Making (AMM) on September 15, 2021 (UTC). And its trading pair PUSH/USDT will be available on the same day.

PUSH Services

1. Deposit: 07:00 Sep 15 (UTC)
2. Withdrawal: 07:00 Sep 15 (UTC)
3. Trading pair: PUSH/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Sep 15, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Sep 15, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Sep 15, 2021 (UTC)

About PUSH

Website丨Explorer

Ethereum Push Notification Service (EPNS) is a decentralized Notification protocol that enables users (wallet addresses) to receive notifications and obtain token incentives through active participation.

EPNS allows users be in direct control of what services they get notification from; it imposes rules on the services including spam protection for users, limiting their ability to add wallets as subscribers, etc. The protocol incentivizes users who receive notifications.This on-chain abstraction of data enables delivery of information to centralized as well decentralized carriers, notifications are treated more like a social feed (e.g. Twitter) than an ephemeral piece of information (though means to do so also exists).

The protocol tokens (PUSH) are designed to incentivize continued adoption cycle for the EPNS protocol. This is achieved by ensuring incentives for all the users involved by rewarding or encouraging them through incentives and penalty, their continued involvement is seen to be necessary for the growth and adoption of the protocol and to achieve the vision of becoming web3 notification standard.

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
Sep 15, 2021

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