Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list DUST and support deposit and withdrawal & Automated Market Making (AMM) on Sep 27, 2022 (UTC). And its trading pair DUST/USDT will be available on the same day.
1. Deposit: 07:00 Sep 27, 2022 (UTC)
2. Withdrawal: 07:00 Sep 27, 2022 (UTC)
3. Trading pair: DUST/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Sep 27, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Sep 27, 2022 (UTC)
Orders can be placed but cannot be canceled
10:00 Sep 27, 2022 (UTC)
DeGods is a digital art collection and global community of creators, developers, entrepreneurs, athletes, artists, experimenters and innovators.
DeadGods are a fine art upgrade of the original DeGods and they also generate more DUST. DeadGods are the mutated forms of DeGods that earn 7.5 DUST/Day while DeGods mint 2.5 DUST/Day. This can be initiated by spending 1000 DUST to change the metadata of your DeGod to reflect 1 : 1 swaps for DeadGod traits.
DeGods can be burned by their holder to claim $DUST held by the DeDAO treasury. If the DeDAO Treasury doesn’t hold enough $DUST, then the burn is queued. Only ONE DeGod can be burned per day within the entire collection. DeGods that are put in the Burn Queue, cannot be taken back out and will be on queue until it has reached its turn to be burnt. It queue will be organized DAILY, such that the most common DeGod will be burnt first and Commons will be rare. DeadGods can not be burned.
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
Sep 27, 2022