Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list TIME and support deposit and withdrawal & Automated Market Making (AMM) on July 1, 2022 (UTC). And its trading pair TIME/USDT will be available on the same day.
1. Deposit: 03:00 July 1, 2022 (UTC)
2. Withdrawal: 03:00 July 1, 2022 (UTC)
3. Trading pair: TIME/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 July 1, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 July 1, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 July 1, 2022 (UTC)
Chrono.tech was founded in 2016 with the aim of making short-term employment opportunities as easy to access as any other online service. The company empowers HR and recruitment professionals with blockchain technology, as well as enabling global freelancers to secure the best jobs and make sure they are paid quickly and fairly.
Chrono.tech's vision is for a world in which anyone can find work and businesses can find the people they need, circumventing the middlemen, costs and inefficiencies of the conventional recruitment sector that so often proves a barrier to employment. The company’s wide-ranging ecosystem is designed to transform the way individuals access jobs and businesses connect with contractors, regardless of where workers and employers are located.
Chrono.tech has built a suite of tools and services to facilitate recruitment, invoicing and payments, with a labor-hire platform LaborX, Plasma-based exchange TimeX, and cryptocurrency payroll solution PaymentX to reduce costs and improve quality and reliability.
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
July 1, 2022