Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list LINA and support deposit and withdrawal & Automated Market Making (AMM) on Jan 13, 2022 (UTC). And its trading pair LINA/USDT will be available on the same day.
1. Deposit: 03:00 Jan 13, 2022 (UTC)
2. Withdrawal: 03:00 Jan 13, 2022 (UTC)
3. Trading pair: LINA/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Jan 13, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 Jan 13, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 Jan 13, 2022 (UTC)
Linear is a non-custodial cross-chain compatible DeFi protocol with unlimited liquidity and serves in the creation of synthetic assets (Liquids) with zero slippage. The backbone to Linear’s protocol is our collateralized debt pool, backed by our Linear token (LINA), and eventually other digital and real world assets. Users who have provided collateralized assets to the debt pool are able to “build” Linear USD (USD) which can then be used to purchase synthetic assets (Liquids) on our exchange. The collateralized assets are subsequently pooled to enable instantaneous liquidity and serve as a counterparty. LINA will also be a governance token enabling holders to vote on distribution models, assets to be listed, oracle selection, pledge ratio etc. LINA holders within the debt pool will obtain pro-rata fees from the building of Liquids.
The LINA token will adopt an inflationary model to enhance staking incentives and will have liquidity mining programs to encourage usage of the exchange and stability of the pool. Synthetization of assets will focus on cryptocurrencies, commodities and, more importantly, traditional assets such as market indices and thematic theme exposures.
Utility of LINA Token:
LINA as the Base Collateral with other Digital Asset Options
LINA Staking Rewards
Pro-rata Exchange Fee
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 13, 2022