Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list STRAX and support deposit and withdrawal & Automated Market Making (AMM) on Nov 3, 2021 (UTC). And its trading pairs STRAX/USDT and STRAX/BTC will be available on the same day.
STRAX Services
1. Deposit: 03:00 Nov 3, 2021 (UTC)
2. Withdrawal: 03:00 Nov 3, 2021 (UTC)
3. Trading pairs: STRAX/USDT, STRAX/BTC
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Nov 3, 2021 (UTC)
Orders can be placed and canceled
06:50-07:00 Nov 3, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 Nov 3, 2021 (UTC)
About STRAX
Website丨Explorer | Whitepaper
Stratis is a powerful and flexible blockchain Development Platform designed for the needs of real-world financial services businesses and other organizations that want to develop, test and deploy applications on the blockchain. Stratis blockchain apps can be developed in pure C# and can also utilize the Microsoft .NET framework, while also taking advantage of the powerful Stratis APIs and framework. Stratis significantly simplifies the development process for creating Blockchain applications and accelerates the development lifecycle for blockchain development projects. Stratis private chains allow businesses to deploy their own customized blockchains without the overheads inherent in running their own blockchain network infrastructure. Stratis’s turnkey solution enables developers and businesses to create, test and deploy blockchain-based applications quickly and easily, all without the costs and security concerns that would otherwise arise from an in-house implementation.
The STRAX Token fuels Stratis Blockchain Technologies and can be utilized as a value transfer vehicle and is leveraged for Smart Contract execution. STRAX Token holders can benefit from the Stratis Ecosystem through Staking and Masternode deployment.
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
Nov 3, 2021
Follow us Facebook | Twitter | Reddit
Contact us Support | Telegram
About us Website | Announcements | APP