CoinEx Will List SFL on May 19 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list SFL and support deposit and withdrawal & Automated Market Making (AMM) on May 19, 2022 (UTC). And its trading pair SFL/USDT will be available on the same day.

SFL Services

1. Deposit: 03:00 May 19, 2022 (UTC)

2. Withdrawal: 03:00 May 19, 2022 (UTC)

3. Trading pair: SFL/USDT

4. Opening method: Call Auction
   a. Call Auction
03:00-06:50 May 19, 2022 (UTC)
  Orders can be placed and canceled
06:50-07:00 May 19, 2022 (UTC)
Orders can be placed but cannot be canceled
  b. Trading
07:00 May 19, 2022 (UTC)

About SFL
Website丨Explorer丨Whitepaper

Sunflower Land is a Play-and-Own crypto game where everything you collect is identifiable on the Polygon Blockchain. You can farm, chop, mine, craft and more as you build your farming empire. The game reflects the real-life economic supply and demand with an in-built mechanism that makes resources scarcer as time progresses.
Every item you harvest, gather or craft is own-able on the Polygon Blockchain. This enables people to collect valuable and exotic resources and then share them with friends or list them on supported trading platforms such as OpenSea. To craft an NFT you must plant, harvest, chop, mine, fish, and collect all the ingredients needed to craft the NFT. In other words, you must work hard for it.
Crops can be sold for SFL or used to craft recipes and items in the game. The ROI of crops is dynamically calculated based on the total supply of the token. As more people farm and the overall supply increases, the rewards also lessen. This means someone playing in the early days will receive a significantly higher amount of rewards for harvesting a sunflower compared to someone in the future.

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
May 19, 2022

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