Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list COS and support deposit and withdrawal & Automated Market Making (AMM) on August 10, 2021 (UTC). And its trading pair COS/USDT will be available on the same day.
COS Services
1. Deposit: 07:00 August 10 (UTC)
2. Withdrawal: 07:00 August 10 (UTC)
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 August 10, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 August 10, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 August 10, 2021 (UTC)
About COS
Website丨Explorer丨 Whitepaper
Contentos is a blockchain protocol that aims to form the foundation for a decentralized digital content ecosystem that empowers content creators to earn fair compensation for their contributions. Content will be used and stored in a decentralized manner. The core use cases of the protocol are Identity Verification, Content Copyright, and Individual Credit System. Block rewards are distributed by an revenue calculation algorithms and credit score. When credit score lower than a certain level, users will not receive any rewards from COS ecosystem. COS is the utility token of COS network and gas fee of the chain.
COS public chain are expected to go on-board at 2021Q3 using the same shading design as Ethereum 2.0 with Beacon Chain + Shard Chain architecture. It also adopt dApp structure, which every dApp is assigned to a shard, and there is not scenario that one dApp is handled by multiple shards. This will increase the overall capacity of the network. Now, two dApps (COS.TV and PhotoGrid) are deployed on COS network. They are social media platforms that are similar to Youtube and Instagram respectively.
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%, and 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
August 9, 2021
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