Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ALEPH and support deposit and withdrawal & Automated Market Making (AMM) on Jan 18, 2022 (UTC). And its trading pair ALEPH/USDT will be available on the same day.
1. Deposit: 03:00 Jan 18, 2022 (UTC)
2. Withdrawal: 03:00 Jan 18, 2022 (UTC)
3. Trading pair: ALEPH/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Jan 18, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 Jan 18, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 Jan 18, 2022 (UTC)
Aleph is a cross-blockchain layer-2 network specifically focused on decentralized applications and their related infrastructure (storage, computing servers, security). Its aim is to decentralize and revolutionize the web and the cloud . Current decentralized applications are generally unreliable and slow or tied to single blockchain architecture. Decentralized applications need to not only overcome these issues, but they also need to be able to communicate with other projects. The large majority of current blockchain-related technologies cannot scale to the levels needed for large applications (social networks, web apps, IoT providers, etc) we use on a daily basis. Aleph intends to provide a solution to these issues by offering fast single cross-technologies and cross-chain solution on a decentralized and reliable ecosystem.
Three main sources of reward and token creation are:
1. Reward each signed message written to the underlying blockchain.
2. Reward storage of application data (pin items) and availability of API, both are mandatory for nodes.
3. POCM NULS token locking in NULS underlying chain (see token distribution section).
Most node owners will accept free storage of dApp data, especially at the start of the network. Once the data grows bigger, and it begins to become impratical for hosts to have all the data, dApp owners can pay for storage and write to the blockchain of his dApp data. Alternatively, application users can pay themselves for the storage of their data (for example, big data volume like picture storage applications).
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 18, 2022