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Back To Announcement on Restoration of USDT Trading Services of YGG/ZKS/MOVR/C98/BIT to Normal Trading Mode

2021-09-10 10:08:31 UTCRead:33545

Previously, launched a new version of the liquidity mining pool (Automated Market Maker AMM) of the trading services of YGG/USDT, ZKS/USDT, MOVR/USDT, C98/USDT, and BIT/USDT. Presently, the above trading services have sufficient liquidity and active trading volume. From now on, will restore the above trading services from AMM liquidity pool mode to normal trading mode (the commission returns to the normal rate, and the proportion of commission income of the trading market invested in the bonus pool is adjusted from 50% to 10%)

After the normal mode is restored, the commission of 0.3% under the original AMM mode will immediately return to the normal rate, and the participants in the liquidity pool can still receive the commission reward for the trading of the pool.

Meanwhile, under the principle of not affecting the user experience and avoiding too much impact on existing liquidity users, the 50% of commission income of the trading market under the original AMM mode will be adjusted to 10%, which will also be invested into the liquidity bonus will also continue to add additional rewards in the liquidity bonus pool to enable more users to better participate in the liquidity mine pool. Please pay close attention to the subsequent announcements.

Add YGG Liquidity:
Add ZKS Liquidity:
Add MOVR Liquidity:
Add C98 Liquidity:
Add BIT Liquidity:

Additional Reading:
What is the Automated Market Maker (AMM) mechanism?
Through the automated market maker mechanism, the liquidity provider (LP) can earn trading fee revenue by providing liquidity to the market. The order takers offer fees to the LP in exchange for lower slippage. Through this mechanism, the market needs of both parties are well matched, allowing LPs and takers to get what they want.

What is an impermanent loss?
It refers to the loss of capital due to spreads that occur when the price of a digital asset changes after an investor has deposited in the automated market maker liquidity pool. Irrespective of how the price of the digital asset changes, inpermanent loss will occur and the larger the spreads, the larger the loss.

What is liquidity mining?
Liquidity mining is a method of acquiring more cryptocurrencies by pledging cryptocurrency. It is a new trend in decentralized finance (DeFi) that allows cryptocurrency investors to fully utilize their crypto assets and receive higher returns. Anyone can participate in the eco. Simply put, this means locking in cryptocurrencies to receive rewards.

What are the benefits of providing liquidity?
Users can earn market making dividends by adding liquidity to the market. By adding liquidity, funds are injected into the pool, and the fee revenue earned from automatic market making in the pool is distributed to the liquidity provider in proportion to their share of the pool. Liquidity can be accessed in real time without any commission charges.

Science: From Market Maker to Liquidity Mining, How Important is Liquidity?
Why is Liquidity Mining Great for Low Volatility?
Science: What You Need to Know About Investments in Liquidity Mining Products is a Cryptocurrency Trading Platform Since 2013

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Medium: Team

September 10, 2021

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