Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list JEWEL and support deposit and withdrawal & Automated Market Making (AMM) on Jan 11, 2022 (UTC). And its trading pair JEWEL/USDT will be available on the same day.
1. Deposit: 03:00 Jan 11, 2022 (UTC)
2. Withdrawal: 03:00 Jan 11, 2022 (UTC)
3. Trading pair: JEWEL/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-08:50 Jan 11, 2022 (UTC)
Orders can be placed and canceled
08:50-09:00 Jan 11, 2022 (UTC)
Orders can be placed but cannot be canceled
09:00 Jan 11, 2022 (UTC)
DeFi Kingdoms is a game, a DEX, a liquidity pool opportunity, a market of rare utility driven NFTs, and it all plays out seamlessly in the incredibly nostalgic form of fantasy pixel art.
DeFi Kingdoms aims to be a whole ecosystem of features that includes the JEWEL token, the DEX, the Gardens, and NFT assets (Heroes, Equipment, and Kingdoms), as well as the game activities that can be performed with those NFTs.At its heart, DeFi Kingdoms has a decentralized exchange that uses the tried-and-true UniswapV2 Protocol. Investing is one of the main reasons the team is drawn to blockchain technology, and the team wants to make the investing experience fun and enjoyable for all within the kingdom.
The JEWEL token is much more than an average crypto token. It is established to be the main token of value in the game, DeFi Kingdoms. Users will use it to purchase the most useful items and unique NFTs such as Heroes and Kingdoms in the game, as well as various in-game buffs such as speeding up build times and refreshing stamina. Not only is the token used for in-game items and one-of-a-kind NFTs, but it will also be used in liquidity mining, allowing users to earn even more through staking. JEWEL is also a governance token, so holders will have a say in the growth and evolution of the project.
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
Jan 11, 2022