Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list PYR and support deposit and withdrawal & Automated Market Making (AMM) on Nov 26, 2021 (UTC). And its trading pair PYR/USDT will be available on the same day.
1. Deposit: 08:00 Nov 26, 2021 (UTC)
2. Withdrawal: 08:00 Nov 26, 2021 (UTC)
3. Trading pair: PYR/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-11:50 Nov 26, 2021 (UTC)
Orders can be placed and canceled
11:50-12:00 Nov 26, 2021 (UTC)
Orders can be placed but cannot be canceled
12:00 Nov 26, 2021 (UTC)
Designed as an easy-to-play and easy-to-build ecosystem, Vulcan Forged is a community-based project that promotes the development of world-class blockchain games by supporting developers through its development programs, incubation and crowdfunding.
For blockchain game enthusiasts, Vulcan Forged is a one-stop-shop where they can access popular games and a huge NFT marketplace to buy and sell digital assets in-game. The entire ecosystem is powered by its own PYR settlement, staking and utility token. The ERC20 compatible PYR is a cross-platform currency that can be used in game titles that are part of the Vulcan Forged ecosystem.
The mission of the project is to providing the best NFT Gaming experiences possible by offering engaging and entertaining games as the team do their part in revolutionizing he blockchain gaming space.
The native digital cryptographically-secured utility token of the Vulcan.Forged platform (PYR) is a transferable representation of attributed functions specified in the protocol/code of the Vulcan:
Fee settlement, Play-to-Earn, Reward pools, Staking, Frenzy(Game Tournament Pools), Community incentives
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 26, 2021