Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list JASMY and support deposit and withdrawal & Automated Market Making (AMM) on Oct 15, 2021 (UTC). And its trading pair JASMY/USDT will be available on the same day.
JASMY Services
1. Deposit: 03:00 Oct 15, 2021 (UTC)
2. Withdrawal: 03:00 Oct 15, 2021 (UTC)
3. Trading pairs: JASMY/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Oct 15, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Oct 15, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Oct 15, 2021 (UTC)
About JASMY
Website丨Explorer | Whitepaper
Jasmy is an IoT platform company on a mission to provide the infrastructure which allows anybody to use data safely and securely.
Jasmy provides an IoT platform that can securely and efficiently manage data sent from IoT devices,using our own idea and the latest blockchain technology. We also provide services that allow users to safely manage and operate IoT devices, as well as allow client companies to grasp the status of IoT devices and manage them centrally.
Jasmy will contribute to the creation of new value-added services by creating an environment in which client companies can analyze and utilize the data measured by IoT. At the same time, we make it possible to analyze data that respects individual rights with a democratic method using decentralized management type blockchain technology, which is different from existing platformers that centrally manage personal data.
SKC is a core service of Jasmy IoT Platform that can safely and centrally manage various data that belongs to individuals and is generated from daily life, based on the basic idea of "democratization of data". SG is another core service of the Jasmy IoT Platform. By using SG, IoT devices can be easily and securely registered in the original blockchain network, and at the same time, an environment that can only be accessed by the owning user is realized.
“JasmyCoin”, is a custom token created on the Ethereum platform. It is based on the ERC20 standard. Therefore it enjoys the security and processing power of the Ethereum network. The token can also be used by an unspecified number of individuals and businesses to transfer tokens using digital devices, such as smartphones or laptops, as proof of value exchange or payment for services. By not limiting its usability, the token can have a wide range of purposes.
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
Oct 14, 2021
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