Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list MOB and support deposit and withdrawal & Automated Market Making (AMM) on June 23, 2022 (UTC). And its trading pairs MOB/USDT and MOB/BTC will be available on the same day.
1. Deposit: 03:00 June 23, 2022 (UTC)
2. Withdrawal: 03:00 June 23, 2022 (UTC)
3. Trading pairs: MOB/USDT, MOB/BTC
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 June 23, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 June 23, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 June 23, 2022 (UTC)
MobileCoin is currently being used for payments in some of the world’s most secure messaging apps. MobileCoin is mobile-first and also works on desktop, offering both the speed and security expected for a payment system. MobileCoin addresses 4 fundamental issues: Security, Transaction Speed, Energy Consumption, and Optimization for Mobile devices. No one except for the sender and receiver can see the details of the transaction. The public blockchain is encrypted to ensure security. MobileCoin is an unrivaled cryptocurrency designed to be fast and secure enough to be used for mobile transactions.
MobileCoin is currently available for use with one of the world’s most secure messaging apps. By design, it’s easy to link a MobileCoin wallet to users' phone so they can start sending funds to friends and family, receive funds from them, keep track of their balance, and review the transaction history with a simple interface. Since the goal is to keep users' data in their hands, MobileCoin’s design means no third party has access to users' balance, full transaction history, or funds. Users can also transfer their funds at any time if they want to switch to another app or service.
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
June 23, 2022