Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list DOCK and support deposit and withdrawal & Automated Market Making (AMM) on Nov 30, 2021 (UTC). And its trading pairs DOCK/USDT and DOCK/BTC will be available on the same day.
DOCK Services
1. Deposit: 07:00 Nov 30, 2021 (UTC)
2. Withdrawal: 07:00 Nov 30, 2021 (UTC)
3. Trading pairs: DOCK/USDT & DOCK/BTC
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Nov 30, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 30, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Nov 30, 2021 (UTC)
About DOCK
Website丨Explorer | Whitepaper
Dock is a bespoke, one-stop-shop solution to: 1) Create decentralized identities (DIDs)；2) Create, manage and present credentials. Dock incorporates standards from the industry-leading World Wide Web Consortium (W3C) and VCDM standards facilitating interoperability with other open source technologies. It’s also open source and uses permissive, developer-friendly licenses. The Dock utility token (DOCK) plays a key role in aligning incentives across all of the Dock network’s participants including issuers, validators, token holders, and the Dock Association, and ensures collaboration and growth. Dock was founded with a mission to solve universal problems with existing data solutions: data silos and gatekeepers, untrusted and inaccurate information, incompatibilities across platforms, inefficiencies with verifying data, and lack of control and privacy for users. Dock is open and permissionless across our technology, network and governance. By enabling any organization or developer to issue via Dock, it can work together across markets and industries to unlock a better future world powered by secure, individually-owned verifiable credentials.
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 30, 2021
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