Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list CERE and support deposit and withdrawal & Automated Market Making (AMM) on Nov 12, 2021 (UTC). And its trading pair CERE/USDT will be available on the same day.
1. Deposit: 07:00 Nov 12, 2021 (UTC)
2. Withdrawal: 07:00 Nov 12, 2021 (UTC)
3. Trading pair: CERE/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Nov 12, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 12, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Nov 12, 2021 (UTC)
Cere's Decentralized Data Cloud (DDC) raises the bar for data ecosystems to a whole new level in terms of privacy, compliance, interoperability and agility. It allows enterprises to fully harness the power of their most valuable asset - their customers.
Cere’s Decentralized Data Cloud platform, with its multi-party encrypted data sharing technology, unlocks the amazing potential of secure asset delivery where only the NFT holding fans can enjoy the full experience of the NFT-backed content.
Cere will be providing a cutting edge, blockchain proven technology solution for real-world and crypto platforms. The NFT marketplace will be directly integrated with social media, enabling supercharged adoption. Our new royalty NFT contract will be the standard for direct, real-world stakeholder revenue distribution.
The CERE token primarily serves three purposes on the network: SaaS-DeFi utility, Proof-of-Stake consensus, and network governance.
- SaaS DeFi Utility: As the main utility token powering a transformative Decentralized Data Cloud platform and SaaS DeFi framework, as well as fueling the Cere Marketplaces.
- Consensus Participation: CERE tokens can be staked by validators and node operators, who are incentivized and rewarded to act in the best interest of the Cere through the issuance of additional CERE tokens.
- Network Governance: CERE tokens confer voting rights, through which the Cere foundation and Cere Ecosystem participants decide on the operation and future development of the network.
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 12, 2021