Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HERO and support deposit and withdrawal & Automated Market Making (AMM) on Jan 20, 2022 (UTC). And its trading pair HERO/USDT will be available on the same day.
HERO Services
1. Deposit: 03:00 Jan 20, 2022 (UTC)
2. Withdrawal: 03:00 Jan 20, 2022 (UTC)
3. Trading pair: HERO/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
b. Trading
09:00 Jan 20, 2022 (UTC)
About HERO
Website丨Explorer | Whitepaper
Metahero brings to the market 3D scanning and modeling technology that generates ultra-realistic 3D avatars and virtual items to be used across games, VR, social media, and online fashion. The tech also allows for the creation of NFTs from real-world works of art and collectibles.
The team’s mission is to take crypto adoption to the next level. Cryptocurrencies empower all of us to create independent and more equitable ecosystems and build new opportunities. Their goal is to move this future forward by finding new and engaging ways to accelerate mass adoption and bring non-crypto people on board. Metascanning will become an everyday part of the metaverse. A bridge between reality and the digital realm. Their next-generation technology will engage and connect gamers, artists, entrepreneurs, and users in never-before-seen ways.
3D Avatars: Metahero 3D chambers placed around the world allow anyone to scan anything, including themselves, in ultrahigh-definition. A user simply needs to install the Metahero app and have the appropriate amount of HERO tokens to pay for the scan on site. Metahero avatars are generated within minutes.
3D NFTs: Scanning artwork into 3D NFTs will be done in a similar fashion where usage time with their metascanner will be paid for using their native HERO token alternatively paying per scanned item.
HERO is a token that’s been built for maximum efficiency and utility: HERO token will be the exclusive token to be used within the Metahero ecosystem. That includes transacting on the 3D NFT Marketplace, paying for scans, paying royalties, as well as paying for Metahero 3D SCANNERS (FRANCHISE MODEL).
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 20, 2022
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