Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list CRPT and support deposit and withdrawal & Automated Market Making (AMM) on April 1, 2022 (UTC). And its trading pair CRPT/USDT will be available on the same day.
1. Deposit: 03:00 April 1, 2022 (UTC)
2. Withdrawal: 03:00 April 1, 2022 (UTC)
3. Trading pair: CRPT/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 April 1, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 April 1, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 April 1, 2022 (UTC)
Crypterium is a promising fintech startup bringing transparency and efficiency to everyday digital asset finances. In 2018 we embarked on a non-stop mission to make digital currencies as easy to use as cash. We aim to bridge the gap between the crypto and traditional economies. Store, buy, exchange and cash out the most popular cryptocurrencies in one single app, trusted by more than 450 000 customers worldwide. In addition, Crypterium helps businesses monetize their audience by providing crypto, banking, and VISA card issuance services with its proven SDK program
CRPT is the key player inside Crypterium ecosystem, that ensures fast, and secure value transfer while covering the fee on all crypto-to-fiat transactions. Every time when such a transaction appears inside Crypterium, a 0.5% gas fee in CRPT tokens is charged and burned at the end of the month. Until now, our burning rate exclusively depended on transactions, however, we decided to speed up the process and burn up to 30% of the total supply in the next 2 years.
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
April 1, 2022