Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list LUMI at 07:00 on January 24, 2022 (UTC), and launch “LUMI Online Bonus: Trade LUMI & Hold CET, $36,000 Worth of LUMI For Grabs” promotion. The details are as follows.
LUMI Services
1. Deposit: 07:00 Jan 24, 2022 (UTC)
2. Withdrawal: 07:00 Jan 24, 2021 (UTC)
3. Trading pair: LUMI/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Jan 24, 2022 (UTC)
Orders can be placed and canceled
10:50-11:00 Jan 24, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Jan 24, 2022 (UTC)
About LUMI
Website丨Explorer | Whitepaper | Guide
Morning Moon Village is a play-to-earn exploration farming game which revolutionizes the traditional defi yield-farming project with game mechanics and full 3D graphics. The game features NFT rewards in which the players can leverage the NFTs during the farming process. Players with less staked value can potentially earn more rewards than those who staked more by clever uses of NFTs.In the Morning Moon Village, you can build your farm, sell your crops, explore and collect resources, craft new equipment, have fun with your pets, all on the blockchain!
Morning Moon Village is the game built with many features and functions to provide the various alternative ways for players to have fun and generate profit. Basically, the main feature is farming, the work of which is almost the same as other yield-farming platforms, but the game is designed to be easy for understanding and getting start. Moreover, the method of initialization is simply that players can complete all the needed transactions of farming features within the shop in game. The steps of adding liquidity is eliminated. The only requirement is knowing the input that will come in from of Seed & Stem.
Morning Moon Village is the single-player game. The Maps and details in the game of each player are different and will be separately created for each account. There are both the main parts that are fixed to be the same creation, and the additional parts that will be randomly spawn.
LUMI is the native utility token of the game which the players can gain through several methods, such as selling crops and NFTs to NPC, picking up loot in the wild zone, etc.LUMI can be used to buy many things such as NFTs, gift boxes, or fishing baits. It is also used as the medium currency on the in-game marketplace.
Every LUMI token holder will benefit from the growth of Morning Moon Village. Half of the fee and tax collected in the game will be split to all LUMI token holders who stake LUMI to the game. Another half will go to the Governance pool, which will be handled by the community’s governance process.
The details of “LUMI Online Bonus: Trade LUMI & Hold CET, $36,000 Worth of LUMI For Grabs” event are as follows:
Event 1: Learn to Earn 20,000 LUMI
1. Duration: 08:00 on Jan 24 - 08:00 on Jan 26, 2022 (UTC)
2. Rules:
Airdrop Type | Lucky Airdrop |
Total Reward | 20,000 LUMI |
Single Reward | 5 LUMI |
To Be Rewarded | 4,000 Participants |
Requirements |
1. KYC verified accounts (Sub-accounts excluded) |
3. How to participate
(1) Go to the promotion page: Read and study the project introduction carefully.
(2) Claim lucky number: Users who meet the participation requirements and answer all questions correctly can claim a lucky number during the promotion. When the promotion is ended, 4,000 lucky numbers will be drawn systematically and randomly. Users who win the airdrop will get a 5 LUMI airdrop reward.
(3) Allocation: After claiming, your airdrop reward will be systematically frozen in the Spot account for 3 days. Please refer to the promotion page for the specific time.
Click HERE to learn more about CoinEx Airdrop
4. Notes
(1) Sub-accounts are not qualified to participate as independent accounts.
(2) During the event, should any cheating behavior be found, the user will be disqualified.
(3) CoinEx reserves the right of final interpretation of this promotion.
Event 2: Trade to share 16,000 LUMI
1. Duration: 11:00 Jan 24, 2022 - 00:00 Jan 31, 2022 (UTC)
2. Rules: During the promotion period, the transaction volume (buying volume + selling volume) is greater than CoinEx users with 100 USD equivalent of LUMI can participate in the ranking and share 11,400 LUMI, the remaining eligible users will share 4,600 LUMI according to the transaction volume. The specific reward distribution is as follows:
Ranking |
Reward per user(LUMI) |
Total reward(LUMI) |
1 |
600 |
600 |
2 |
400 |
400 |
3-5 |
300 |
900 |
6-10 |
200 |
1000 |
11-50 |
100 |
4000 |
51-100 |
50 |
2500 |
101-200 |
20 |
2000 |
3. Allocation: The reward will be allocated in 3 days after the promotion.
4. Rules of Participation
(1) Trading volume = Buying + Selling - Withdrawal. During these events, any operation related to Red Packet feature and Inter-user Transfer will be deemed as withdrawal.
(2) Market Making accounts are not included in this event.
(3) Sub-accounts are not allowed to participate as independent accounts, and the deposit volume of sub-accounts and leveraged accounts are also calculated into main accounts.
(4) During the event, should any cheating behavior be found, the user will be disqualified.
5. Risk Reminder
(1) CoinEx kindly reminds you that cryptocurrencies are innovative investment products with high investment risk due to price fluctuations. Please make sure to have a full understanding of digital assets before investing, rationally judge your investment ability, and make prudent decisions.
(2) CoinEx reserves the right of final interpretation of this promotion.
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 24, 2022
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