Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ARK and support deposit and withdrawal & Automated Market Making (AMM) on Nov 16, 2021 (UTC). And its trading pairs ARK/USDT and ARK/BTC will be available on the same day.
1. Deposit: 03:00 Nov 16, 2021 (UTC)
2. Withdrawal: 03:00 Nov 16, 2021 (UTC)
3. Trading pairs: ARK/USDT, ARK/BTC
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Nov 16, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 16, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Nov 16, 2021 (UTC)
The ARK Public Network（APN）, launched in early 2017, is powered by ARK Core, making it one of the fastest and most scalable Blockchain networks available today. Eight second block times, custom ARK Smart Transactions, and built-in ARK HTLC SmartBridge Interoperability between networks, the APN is at the cutting edge of Blockchain innovation.
The ARK mainnet operates differently from other networks built on separate layers in the blockchain space. On some other public networks, a base communication layer with an incentivization protocol acts as a foundation for some type of decentralized application layer, be it storage, CPU-as-a-Service, tokenization, smart contracts, or similar. While ARK technology is highly extensible through plugins, modules, and transaction types, the ARK mainnet remains unbloated, lean, and fast. Using ARK products such as the ARK Deployer, other ARK based blockchains will appear in the ARK Ecosystem to handle specialized tasks as necessary. These newly created chains will then connect back to the ARK mainnet using ARK SmartBridge Technology. The ARK mainnet is intended to take on limited specialized functions only as needed and to facilitate the ARK mainnet as the hub of the ARK Ecosystem.
At its core, the ARK Public Network hosts a global cryptocurrency called ARK that can be used for storing and transferring value, similar to Bitcoin, but faster and cheaper. Moreover, ARK can act as a unifying medium of exchange as needed within the ARK Ecosystem, due to its reach and liquidity. With the advent of the ARK Pay module as well as ever-evolving, intuitive lite clients, ARK is well-positioned to be an effective network for both store-of-value and value transfer.
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 16, 2021