Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list XPR at 03:00 on December 10, 2021 (UTC), and launch “XPR Online Bonus: Trade to Share $7,000 Worth of XPR” promotion. The details are as follows.
XPR Services
1. Deposit: 03:00 Dec 10, 2021 (UTC)
2. Withdrawal: 03:00 Dec 10, 2021 (UTC)
3. Trading pairs: XPR/USDT and XPR/BTC
4. Opening method: Call Auction
a. Call Auction
03:00-08:50 Dec 10, 2021 (UTC)
Orders can be placed and canceled
08:50-09:00 Dec 10, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 Dec 10, 2021 (UTC)
About XPR
Website丨Explorer | Whitepaper
Proton (XPR) is a new public blockchain and smart contract platform designed for both consumer applications and peer-peer payments. It is built around a secure identity and financial settlements layer that allows users to directly link real identity and fiat accounts, pull funds and buy crypto, and use that crypto seamlessly in apps. Proton is the first fast, cheap blockchain with KYC and fiat-crypto built in at the get-go. It is designed for apps such as games and social media as well as for simple and fast transmission of fiat from one individual to another. The push-to-wallet with on-chain pending transaction notification allows apps and websites to safely interact directly with consumers with no exchange of personal identifiable information. The Proton system token XPR is a delegated proof of stake token where token holders can stake and bond their tokens to vote for block producers, each token is given a single vote, and there is a 24 hour un-staking period as a security measure.
The details of “XPR Online Bonus: Trade to Share $7,000 Worth of XPR” event are as follows:
Promotion theme: Trade to Share $7,000 Worth of XPR
Promotion Duration: 09:00 on Dec 10 - 00:00 on Dec 16, 2021 (UTC)
During the promotion period, the transaction volume (buying volume + selling volume) is greater than CoinEx users with 100USD equivalent of XPR can participate in the ranking and share 400,000 XPR. The specific reward distribution is as follows：
|
Ranking |
Reward per user（XPR） |
Total reward（XPR） |
|
1 |
40,000 |
40,000 |
|
2 |
30,000 |
30,000 |
|
3-5 |
10,000 |
30,000 |
|
6-10 |
8,000 |
40,000 |
|
11-50 |
4,000 |
160,000 |
|
51-100 |
2,000 |
100,000 |
Allocation: The reward will be allocated in 3 days after the promotion.
Rules of Participation:
(1) Trading volume = Buying + Selling - Withdrawal. During these events, any operation related to Red Packet feature and Inter-user Transfer will be deemed as withdrawal.
(2) Market Making accounts are not included in this event.
(3) Sub-accounts are not allowed to participate as an independent account, and the deposit volume of sub-accounts and leveraged accounts are also calculated into main accounts.
(4) During the event, should any cheating behavior be found, the user will be disqualified.
(5) CoinEx reserves all the rights of final explanation for the promotion.
(6) CoinEx reserves the right of final interpretation of this announcement.
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
Dec 10, 2021
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