Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HEC and support deposit and withdrawal & Automated Market Making (AMM) on Jan 28, 2022 (UTC). And its trading pair HEC/USDT will be available on the same day.
1. Deposit: 03:00 Jan 28, 2022 (UTC)
2. Withdrawal: 03:00 Jan 28, 2022 (UTC)
3. Trading pair: HEC/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-08:50 Jan 28, 2022 (UTC)
Orders can be placed and canceled
08:50-09:00 Jan 28, 2022 (UTC)
Orders can be placed but cannot be canceled
09:00 Jan 28, 2022 (UTC)
Heroes Chained (HC) is a fantasy action RPG game where the player becomes a Guild Master and gathers heroes. It introduces the “Play And Earn” concept to GameFi, challenging “Play To Earn”. It starts the “GameFi for game first” and “game first for GameFi” memes. Every item valuable in the game is an NFT item stored on an independent blockchain. NFTs can be obtained in multiple ways such as exploring, claiming, crafting, breeding, in-game events and purchasing. NFT items come in many forms such as heroes, lands, items, card spells, artworks & masterpieces, etc. HC offers players countless heroes with different classes, races and genes with many abilities, spells and the breeding system to create new unique heroes. The game also offers a massive fantastic world with many different locations, hidden dungeons, treasures, monsters and creatures. HC NFTs can be traded freely among players in-game or on third party open markets, peer-to-peer.
HeC is both the in game currency and the governance token of Heroes Chained. Players use the in-game currency HEC to trade NFT items and can stake HEC to take part in game governance via voting on game-related decisions.
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 28, 2022