Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ANML and support deposit and withdrawal & Automated Market Making (AMM) on April 8, 2022 (UTC). And its trading pair ANML/USDT will be available on the same day.
ANML Services
1. Deposit: 03:00 April 8, 2022 (UTC)
2. Withdrawal: 03:00 April 8, 2022 (UTC)
3. Trading pair: ANML/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 April 8, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 April 8, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 April 8, 2022 (UTC)
About ANML
Website丨Explorer丨Whitepaper
Animal Concerts’ aim is to transform the fan experience and democratize the music industry by enabling A-list and emerging artists to engage and monetize fans directly.
We stream 2D and 3D concerts to global audiences in collaboration with the most renowned Metaverse and traditional streaming platforms.We aim to be THE concerts platform of choice using truly iconic virtual venues to deliver interactive and immersive live shows, serving millions of fans across Asian and Western markets.NFTs will be used as a medium to not only issue the ticket, but allow artists to personalize the experience (e.g. backstage pass, special offers, track voting rights) and establish direct revenue streams.Our tokens will allow Animal Concerts community members privileged access to tickets and events.
Fans, artists and partners alike benefit from the Animal Token and its extensive use:
- The Animal Token will be the currency for purchasing tickets, NFT's and other merchandise on our marketplace.
- Collect NFT’s: Each ticket will be an NFT, collectables will be NFTs, the possibilities are endless.
- Discounts for fans purchasing tickets with our Animal token over platforms like ticket-master etc.
- Governance, voting and fan interaction: Token Holders get early access to NFT's, limited edition merchandise, free tickets and other unique materials and collectibles.
- Rewards: along with rewards like staking for competitions and choice on how profits get redistributed - a % of our profits can get redistributed or burned - voted on by the community.
The more fans participate in the ANIMAL ecosystem the more tokens fans earn - most loyal, active fans earn bigger discounts.
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
April 8, 2022
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