Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ADX and support deposit and withdrawal & Automated Market Making (AMM) on Jan 11, 2022 (UTC). And its trading pair ADX/USDT will be available on the same day.
ADX Services
1. Deposit: 03:00 Jan 11, 2022 (UTC)
2. Withdrawal: 03:00 Jan 11, 2022 (UTC)
3. Trading pair: ADX/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Jan 11, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 Jan 11, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 Jan 11, 2022 (UTC)
About ADX
Website丨Explorer | Whitepaper
Ambire AdEx is a trust-minimized protocol for digital advertising aiming at disrupting the existing online advertising landscape and address its significant problems: advertising fraud, privacy and consent to receiving sponsored messages, etc.
The underlying technology is called the AdEx protocol, which facilitates trading of advertising space/time, as well as the subsequent verification and proof that it actually occurred. Essentially, it covers all interactions between publishers, advertisers and end users. The protocol combines traditional peer-to-peer technology, cryptography and blockchain-based payment channels. The AdEx protocol is designed to be completely invisible to end users, while improving their internet browsing experience (generally encouraging quality ads and unobtrusive experience).
In its effort to disrupt and reshape the current state of the digital marketing industry, Adex has joined forces with the members of IAB Tech Lab’s Blockchain Working Group. AdEx joined a stellar list of companies and experts participating in the group. Among them are Adobe, IBM, Amazon, Google, Twitter and many others.
ADX is the native token of AdEx Network, a decentralized advertising network with focus on privacy and ethical ads. The token is used to incentivize validator uptime and ensure the smooth running of all advertising campaigns.
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
Jan 11, 2022
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