Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list WILD and support deposit and withdrawal & Automated Market Making (AMM) on Nov 19, 2021 (UTC). And its trading pair WILD/USDT will be available on the same day.
1. Deposit: 03:00 Nov 19, 2021 (UTC)
2. Withdrawal: 03:00 Nov 19, 2021 (UTC)
3. Trading pair: WILD/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Nov 19, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 19, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Nov 19, 2021 (UTC)
Wilder World is a decentralized artist DAO and liquid NFT marketplace. Through its multiple layers, it offers a variety of applications that allow for a more holistic user experience for artists and collectors alike. The first project built on top of the Zero protocol, Wilder World is enhancing the gaming economy with the addition of tokenized 3D digital art on its VR/AR enabled platform, thus transforming them into investable assets. With inbuilt platforms such as Artists Guild, and Mint FactOry, Wilder World is a melting pot for creators to connect and collaborate with talent from across the globe and elevate the NFT experience for the next generation of digital collectors and gamers.
WILD is the native token of Wilder World and serves as the governance token for the Wilder DAO. These tokens will be used as voting mechanisms for Wilder stakeholders, as well as to incentivize the expansion of the Wilder Metaverse.
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 19, 2021