Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ZIG and support deposit and withdrawal & Automated Market Making (AMM) on Mar 1, 2022 (UTC). And its trading pair ZIG/USDT will be available on the same day.
1. Deposit: 07:00 Mar 1, 2022 (UTC)
2. Withdrawal: 07:00 Mar 1, 2022 (UTC)
3. Trading pair: ZIG/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Mar 1, 2022 (UTC)
Orders can be placed and canceled
10:50-11:00 Mar 1, 2022 (UTC)
Orders can be placed but cannot be canceled
11:00 Mar 1, 2022 (UTC)
Zignaly is a social investment platform that allows retail investors to invest with professional asset managers securely from within the Zignaly platform. Neither Zignaly nor the professional trader/wealth manager charges any upfront payment, and profits are automatically distributed to users and traders. Profit on the platform is performance-based, making a cost-effective wealth management tools in the industry. The main feature inside Zignaly is the Profit Sharing, that is an evolution of the Copy Trading, but for experts, they can follow any signal provider or even use TradingView to create their own crypto signals based on their rules. This is only for advanced users, the protocol don't recommend using Zignaly as a crypto trading bot for regular or new users, as it implies way more risk than copy trading or profit sharing.
ZIG is the token that powers the Zignaly ecosystem. As a utility token, not only can uses buy or sell ZIG like any other cryptocurrency, but ZIG comes with a wide range of use cases and benefits.
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
Mar 1, 2022