Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list WRLD and support deposit and withdrawal & Automated Market Making (AMM) on March 31, 2022 (UTC). And its trading pair WRLD/USDT will be available on the same day.
1. Deposit: 03:00 March 31, 2022 (UTC)
2. Withdrawal: 03:00 March 31, 2022 (UTC)
3. Trading pair: WRLD/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 March 31, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 March 31, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 March 31, 2022 (UTC)
NFT Worlds is a fully decentralized, fully customizable, community driven, play to earn gaming platform where world owners can create their own limitless metaverse games or experiences for players or exclusive communities within their worlds.
Currently using Minecraft and it's sprawling open-source ecosystem, NFT Worlds builds on the backbone of a decades worth of open source development within the Minecraft community and radically expands on it to enable an entirely new types of 3D voxel-based, decentralized gaming metaverses backed by the Ethereum blockchain.
NFT Worlds to create the first truly decentralized, cross-platform (computers/consoles), community driven & developed play-to-earn gaming metaverse platform of its kind.Each of the 10,000 unique NFT Worlds are constantly evolving and developed by world owners or individual communities.
Bootstrapping the NFT Worlds platform with Minecraft at this time gives it the following advantages.1. A familiar set of game controls and ways to interact with worlds that over 100,000,000 players already know how to use.
2. Cross-platform support. Giving players access to NFT Worlds through the Minecraft game client on PC, Xbox, Playstation, Nintendo Switch and more thanks to open-sourced server bridging systems.
3. Simple but powerful world-building tools through the Minecraft client, WorldEdit, the MCEdit program, and more.
4. Full out-of-the-box support for custom game mechanics in worlds, 3D playable and non-playable models, custom texturing, modifiable physics and more without building an entire game engine.
5. Immediate access to a thriving ecosystem of open-source mods, configurability, server infrastructure and more to rapidly deploy custom massive-multiplayer experiences on top of NFT Worlds self-hostable servers which enable the first truly decentralized metaverse. Worlds will have server addresses looked up through a decentralized world name server that routes world access to the decentrally hosted addresses.
6. A simple to use, programmable system that lets world owners create in-world interactions that interface directly with smart contracts and web APIs in real-time, opening up nearly infinite possibilities for what can be built.
7. A thriving ecosystem of building partners that are completely familiar with the Minecraft ecosystem and know how to build fully unique experiences, custom gameplay and more within worlds.
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
March 31, 2022