Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list STARL and support deposit and withdrawal & Automated Market Making (AMM) on Oct 29, 2021 (UTC). And its trading pair STARL/USDT will be available on the same day.
STARL Services
1. Deposit: 03:00 Oct 29, 2021 (UTC)
2. Withdrawal: 03:00 Oct 29, 2021 (UTC)
3. Trading pair: STARL/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Oct 29, 2021 (UTC)
Orders can be placed and canceled
06:50-07:00 Oct 29, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 Oct 29, 2021 (UTC)
About STARL
Website丨Explorer | Whitepaper
STARL metaverse is a virtual world that will exist as a space to host data and ideas within the blockchain, while creating new opportunities for the creation and collection of NFTs as a form of self-expression, utility, or real estate in the metaverse. In addition, it will act as a hub for marketing, entertainment, socialization, gaming, and education. It will focus on space travel and mechanics, space base connections, asteroids and mining, planets, space battles, and a complex and interesting virtual gaming economy.
STARL token will be used as the medium of exchange within the metaverse. It will be used to buy, sell, trade, and modify in-game assets. In addition, STARL will be used as points of entry for various areas of the metaverse, for accessing games, virtual concerts and clubs, media, entertainment, education, modes of travel in the metaverse, investing in virtual real estate, mining for materials in-game, paying other players for services, social experiences and programs.
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 28, 2021
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