Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list KRL and support deposit and withdrawal & Automated Market Making (AMM) on Nov 10, 2021 (UTC). And its trading pair KRL/USDT will be available on the same day.
1. Deposit: 03:00 Nov 10, 2021 (UTC)
2. Withdrawal: 03:00 Nov 10, 2021 (UTC)
3. Trading pairs: KRL/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Nov 10, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 10, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Nov 10, 2021 (UTC)
Kryll.io is the ultimate platform for cryptocurrency traders who are looking to use the most advanced trading tools and strategies, as well as the combined intelligence of the community in order to achieve the best returns in cryptocurrency markets. The platform provides intuitive ways to create your own trading strategies and set them to execute automatically. Through a What You See Is What You Trade interface you can design trading strategies making use of the industry’s most powerful tools and safely test them with backtesting and sandboxing. On Kryll.io you can also rent-out your very own winning strategies that’ll help fellow traders reach the success you did. You will be rewarded with passive income for doing so.
The Kryll.io platform economy relies on its utility tokens (KRL) that can be spent when using a strategy in live trading. each live trading strategies execution on the Kryll.io will cost some energy (KRL fractions) depending on the complexity of the task performed.
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
Nov 10, 2021