CoinEx Will List EPIK on December 10 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list EPIK and support deposit and withdrawal & Automated Market Making (AMM) on Dec 10, 2021 (UTC). And its trading pair EPIK/USDT will be available on the same day.

EPIK Services

1. Deposit: 03:00 Dec 10, 2021 (UTC)

2. Withdrawal: 03:00 Dec 10, 2021 (UTC)

3. Trading pair: EPIK/USDT

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 EPIK
Website丨Explorer

Epik produces the world's premium digital items. Founded in 2018, Epik started working with brands and games on a mission to produce premium digital items because the team believed that digital items were the future of consumer products and would play a central role in ownership and the way they express ourselves individually. they see collections of digital items as representations of personal memories and achievements while conveying attributes like status, identity, membership, class, and performance.

Epik is the global leader bringing brands into video games and producing unique in-game items, events and experiences. These short term crossover collaborations place brands inside of games for a limited time. Epik focuses on strengthening brand value, increasing engagement of fans and gamers, and delivering top notch premium content.

EPIK Prime token is a Membership token that is designed to give members benefits such as access to exclusive items, ability to bid on unique drops, and chances to win NFT rewards.

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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