Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ANY and support deposit and withdrawal & Automated Market Making (AMM) on Oct 21, 2021 (UTC). And its trading pair ANY/USDT will be available on the same day.
1. Deposit: 03:00 Oct 21, 2021 (UTC)
2. Withdrawal: 03:00 Oct 21, 2021 (UTC)
3. Trading pairs: ANY/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Oct 21, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Oct 21, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Oct 21, 2021 (UTC)
Anyswap is a fully decentralized cross chain swap protocol, based on Fusion DCRM technology, with automated pricing and liquidity system. Anyswap is a decentralized application running on the Fusion , Binance Smart Chain , Ethereum and Fantom blockchains. The first application from Anyswap is a DEX (Decentralized Exchange), which is called anyswap.exchange. Anyswap has the following features:
- Decentralized Cross Chain Bridge — Users can deposit any coins into the protocol and mint wrapped tokens in a decentralized way.
- Cross Chain Swaps — Users can immediately swap from one coin to another.
- Programmed Pricing and Liquidity — Liquidity provider could add and withdraw liquidity into swap pair. The programmed pricing system is based on the liquidity provided.
The ANY token is a governance token on the Fusion blockchain. It’s only purpose at the moment is to allow the election of Anyswap Working Nodes (AWN), which started in late 2020 and to vote on new coin or token listings on anyswap.exchange. ANY tokens are awarded for using the anyswap.exchange platform and for other community rewards and incentives for various aspects of the platform.
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
Oct 21, 2021