Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list THG and support deposit and withdrawal & Automated Market Making (AMM) on Oct 22, 2021 (UTC). And its trading pair THG/USDT will be available on the same day.
1. Deposit: 03:00 Oct 22, 2021 (UTC)
2. Withdrawal: 03:00 Oct 22, 2021 (UTC)
3. Trading pairs: THG/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Oct 22, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Oct 22, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Oct 22, 2021 (UTC)
Thetan Arena is an e-sport game based on Blockchain technology. You can gather your friends, form a team, battle with others and earn token rewards with just your skills. Thetan Arena's gameplay is designed to revolve around the combination of your personal skills and teamwork. Challenge yourself with various game modes: MOBA & Battle Royale, coming with monthly updates and attractive rewards.
You are guaranteed a gaming experience that’s never been known before and also guaranteed to lose to anyone the second you pause the fighting, too. Gear your heroes up with a large selection of hundreds of weapons. You'd better come up with a good tactic as well because the most fierce war awaits you right from the moment that starship drops you off on the battlefield.
The native digital cryptographically-secured fungible token of Thetan Arena (ticker symbol $THG) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Thetan Arena, and which is designed to be used solely as an interoperable utility token on the games ecosystem.
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