Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list CEEK and support deposit and withdrawal & Automated Market Making (AMM) on Aug 17, 2022 (UTC). And its trading pair CEEK/USDT will be available on the same day.
1. Deposit: 07:00 Aug 17, 2022 (UTC)
2. Withdrawal: 07:00 Aug 17, 2022 (UTC)
3. Trading pair: CEEK/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Aug 17, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Aug 17, 2022 (UTC)
Orders can be placed but cannot be canceled
10:00 Aug 17, 2022 (UTC)
CEEK is an all-inclusive Metaverse in which creators can own, build, and monetize their experiences in virtual worlds.
CEEK is hyper focused on the CEEK Metaverse and is well positioned to expand engagement with consumers, creators, and brands. CEEK’s streaming platform already enables music artists and other creators to connect with fans in virtual worlds through virtual events, NFTs and other unique experiences. The CEEK Metaverse can be accessed via VR headsets like Oculus, HTC Vive and our own CEEK mobile VR headset and on www.ceek.com.
CEEK features the biggest names in music including Lady Gaga, Ziggy Marley and Demi Lovato. Highlights from 2021 include Ellen Show, Stephen Marley and Harmonize virtual concert. CEEK is a virtual community (Metaverse) where users can play, learn, and live together in shared digital spaces. CEEK utilizes an integrated approach to connect consumers, creators, and brands in one-of-a kind virtual experiences.
CEEK’s in-world currency is the CEEK utility token for ease of payment, efficient and seamless functioning in the CEEK Metaverse. CEEK also offers transparency and usage tracking with an immutable digital ledger on the blockchain. With these, one can track rare digital assets.
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
Aug 17, 2022