Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list BABY and support deposit and withdrawal & Automated Market Making (AMM) on Jan 20, 2022 (UTC). And its trading pair BABY/USDT will be available on the same day.
1. Deposit: 03:00 Jan 20, 2022 (UTC)
2. Withdrawal: 03:00 Jan 20, 2022 (UTC)
3. Trading pair: BABY/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-08:50 Jan 20, 2022 (UTC)
Orders can be placed and canceled
08:50-09:00 Jan 20, 2022 (UTC)
Orders can be placed but cannot be canceled
09:00 Jan 20, 2022 (UTC)
Babyswap goes beyond the DEX and build the MetaFi. It is a Baby Metaverse , a crypto world for users to trade, earn, and play. It's a choice for newborn projects on Binance Smart Chain to get support, including AMM, NFT, and GameFi.
Traders will find potential baby projects on BabySwap early and accompany them to grow up to 'rock stars' through trading, farming, bottling, etc. Also, traders will get free BABY by trade mining. Meanwhile, projects will find the best support on BabySwap, including growth fund, arbitrage support, entertaining activities, resource connection, friendly display, etc.
BABY is the core token that powers the BabySwap ecosystem. Earn BABY from Trade Mining, Yield Farms, and Snack Pools, then explore its use cases: Stake it in Snack Pools to earn free tokens；Use it in Yield Farms to earn more BABY; Vote in Bottles to help projects win growth fund; Participate in IFO Token Sales (TBD); Create your Profile and mint NFTs (TBD); Mint Game NFTs in the game.
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 20, 2022