Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list DOME and support deposit and withdrawal & Automated Market Making (AMM) on Oct 28, 2022 (UTC). And its trading pair DOME/USDT will be available on the same day.
DOME Services
1. Deposit: 07:00 Oct 28, 2022 (UTC)
2. Withdrawal: 07:00 Oct 28, 2022 (UTC)
3. Trading pair: DOME/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Oct 28, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Oct 28, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Oct 28, 2022 (UTC)
About DOME
Everdome is creating a hyper-realistic metaverse that will bring brands and people together - all with the intent of building the most realistic metaverse experience. Everdome’s vision of the metaverse will be one that is hyper-realistic, allowing us to take elements from the real world, such as people and objects, and provide the option to add creative elements to the extent your imagination can handle.
As part of the ecosystem involving Metahero, and WDW, Everdome will act as the destination of Metahero/WDW ultra-HD avatars and real-world scanned objects. Everdome will provide a destination for Metahero’s remarkable tech to live, interact and flourish. Taking Metahero from the gateway into the metaverse, together with Everdome, to a fully ubiquitous web3 experience - to the point when you take off your VR headset you won’t be able to tell what’s real and what’s not.
Everdome offers:
· Land Ownership / Speculation: Purchase and own Everdome City land as an investment, or as a space to collaboratively create a unique area for metaverse engagement with audiences.
· Bespoke Metaverse Engagement / Development: Everdome’s developers and metaverse story-tellers collaborate with landholders to conceptualize, create and launch bespoke metaverse experiences for optimum audience engagement.
· Marketplaces / Transactional: Everdome provides a variety of bespoke and turnkey solutions to facilitate in-world marketplaces, increasing reach, consumer base whilst allowing the offering of brand new, wholly digital products and services.
· Product placement / Advertising: Our metaverse ushers in a new era of digital advertising and subtle product placement, allowing brands and companies to increase their digital footprint and Web3 presence in a completely unique setting.
· Event activations / participation: Everdome provides a unique space for truly memorable events, exhibitions and retrospectives hosted in the metaverse for a new and unique audience.
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 Reminder
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
Oct 27, 2022