Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ATLAS and support deposit and withdrawal & Automated Market Making (AMM) on Nov 8, 2021 (UTC). And its trading pair ATLAS/USDT will be available on the same day.
ATLAS Services
1. Deposit: 03:00 Nov 8, 2021 (UTC)
2. Withdrawal: 03:00 Nov 8, 2021 (UTC)
3. Trading pair: ATLAS/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Nov 8, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 8, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Nov 8, 2021 (UTC)
About ATLAS
Website丨Explorer | Whitepaper
Star Atlas is a virtual gaming metaverse based in the year 2620. In this distant future, three major factions have emerged; (1)The MUD Territory governed by humankind, (2)The ONI Region as a consortium of alien races, and (3)The Ustur Sector controlled by sentient androids. These factions are in an ongoing struggle for resources, territorial conquest, and political domination. A faction citizen of Star Atlas, will have the ability to influence the outcome of this intergalactic conflict while creating the opportunity to earn rewards for users' contributions.
ATLAS will serve as the native in-game currency within Star Atlas. It is the lubricant of the metaverse. Players will initially leverage ATLAS to acquire digital assets such as ships, crew, components, land, and equipment. Whether it be through NPC merchants, or direct peer-to-peer transactions, ATLAS is the unit of account to execute operational requirements. In addition, operating expenses, such as personnel for mining equipment, fuel for ships, and repairs for damages will all need to be paid in ATLAS. It will also serve as the predominant currency within the NFT marketplace.
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
Nov 8, 2021
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