Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list AART and support deposit and withdrawal & Automated Market Making (AMM) on April 13, 2022 (UTC). And its trading pair AART/USDT will be available on the same day.
1. Deposit: 03:00 April 13, 2022 (UTC)
2. Withdrawal: 03:00 April 13, 2022 (UTC)
3. Trading pair: AART/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 April 13, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 April 13, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 April 13, 2022 (UTC)
By launching an infrastructure that enables better NFT standards, proper ownership rights management, and improved liquidity for non-fungible tokens, ALL.ART aims to empower creators, users, collectors, and investors to generate, utilize and trade new generations of NFTs.
The ALL.ART Protocol defines upgraded NFT standards with embedded license rights and additional metadata crafted per industry needs stored on-chain, solving a major shortcoming of the current concept and opening doors to worldwide NFT adoption within a whole range of industries. We call this standard NFT-PRO.
NFTs as “certificates of authenticity” enable true digital ownership and cross-world asset utility. Bridging the gap between digital and real is the core mission of ALL.ART Protocol. A new mass participatory medium, NFTs serve as the gateway for onboarding billions of users into new digital worlds. Our mission is to enable metaverse builders equipped with NFTs to fundraise for their next endeavors. As open metaverses continue to evolve, NFT owners will gain a greater appreciation for the programmable nature of the digital medium that allows dynamic use cases within the virtual and real world.
NFTs create a legal way for digital assets to retain value and be used not just in one game/metaverse but in potentially numerous ones. NFTs will become the base for portable assets across virtual worlds, enabling dynamic communities and open economies. This fuels a more participatory digital transformation and economically rewards creatives.
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 13, 2022