Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list DNT and support deposit and withdrawal & Automated Market Making (AMM) on Sep 22, 2022 (UTC). And its trading pair DNT/USDT will be available on the same day.
DNT Services
1. Deposit: 07:00 Sep 22, 2022 (UTC)
2. Withdrawal: 07:00 Sep 22, 2022 (UTC)
3. Trading pair: DNT/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Sep 22, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Sep 22, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Sep 22, 2022 (UTC)
About DNT
The district0x network is a collective of decentralized marketplaces and communities known as ‘Districts’.
Districts are decentralized applications, marketplaces and communities that exist as non-custodial, censorship-resistant dapps in the district0x Network. All internet citizens will be able to deploy districts to the network free of charge, forever. All districts include the following core functionalities and can be extended with auxiliary modules as the creators see fit...
(1) Posting & Listing;
(2) Search & Filtering;
(3) Ranking & Reputation;
(4) Payments & Invoicing.
At the core of every district is the d0xINFRA Web3 framework, a stack of Solidity smart contracts for the Ethereum Blockchain and front-end libraries distributed on IPFS, which power a district’s basic functionalities. d0xINFRA is designed to be open-source and extendable, allowing districts to implement unique features and enhanced functionality via the plug-in of auxiliary modules. district0x aims to facilitate the operation and governing of marketplaces and communities as decentralized entities.
district0x aims to facilitate the operation and governing of marketplaces and communities as decentralized entities. district0x seeks to enable the recreation of many of the internet’s most popular applications and services while eliminating rent-seeking and the relinquishment of decisions and personal data to third-parties.
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
Sep 22, 2022