Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list CWAR and support deposit and withdrawal & Automated Market Making (AMM) on Nov 29, 2021 (UTC). And its trading pair CWAR/USDT will be available on the same day.
CWAR Services
1. Deposit: 03:00 Nov 29, 2021 (UTC)
2. Withdrawal: 03:00 Nov 29, 2021 (UTC)
3. Trading pair: CWAR/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Nov 29, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 29, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Nov 29, 2021 (UTC)
About CWAR
Website丨Explorer | Whitepaper
CRYOWAR is a real-time multiplayer PVP arena NFT game developed in Unreal Engine and on the Solana network. Players engage in fierce multi-realm battles in an expansive Sci-Fi Medieval game world. CRYOWAR is an all-out battle of skill where the best players are in constant battle for resources, territories, and world domination. Every player will have the unique opportunity to protect his realm and gain tremendous rewards in the process. Only the strongest will crown the leaderboards. CRYOWAR is currently under development for PC, iOS and Android with cross-platform multiplayer. CRYOWAR aims to build a long-term, stable, and constantly evolving game environment and token economy. Our endgame is the creation of a multiblockchain Sci-Fi Medieval Metaverse without boundaries and borders where developers, investors and players can all contribute together to the creation of additional layers, features, modes and content, and explore the endless opportunities of human imagination.
The CWAR token is the core utility token of the CRYOWAR game platform and ecosystem at large. The CWAR token will be a strictly utility token with in-game, staking for stability and reward, elements of yield farming, game platform governance voting and internal medium of exchange use cases.
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
Nov 29, 2021
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