Gate.ioisgoingtocommenceCryptoXpress(XPRESS)tradingonNovember16th,202104:00AMUTC.
AboutCryptoXpress(XPRESS):
CryptoXpresswilldemocratizeandsimplifytraditionalfinancialservicesforanewgeneration.Startedbyagroupofexperiencedglobalblockchainexperts,thecompanyprovidesaneasy-to-usemobileapptoaccessarangeofcryptoandbankingdigitalservices.Abest-in-classuserexperiencetobuy/tradecrypto,accessNFTmarketplaces,conductpaymentsanddigitaltransfers,andotherexclusiveloyalty,retailandmemberbenefitswillbeoffered.
Tokensymbol:XPRESS
Website:https://cryptoxpress.com/
CryptoXpress(XPRESS)Tradingstarts:November16th,202104:00AMUTC.
DepositCryptoXpress(XPRESS)at:
TradeCryptoXpress(XPRESS)inUSDTmarketvia:
Gate.ioisaCryptocurrencyTradingPlatformSince2013
Topranking,Trustworthy,Transparent
GatewillopenanAutomatedMarketMaker(AMM)forXPRESS,andlaunchanAMM"liquidity-mining"rewards.UserswhoprovidemarketliquiditybyinsertingliquidityinwillgetrewardsfromtheliquiditypooltransactionfeeandGTtokenrewardsfromtheliquidityrewardpool.Highannualraterewardswithsecurity.
AMMTradingMarketandAMMLiquidityMining
Gate.iohaslaunchedanewversionoftheliquiditypool(centralizedautomatedmarketmaker(AMM)transactionservice)onAugust1st,2021:allowingmostofthenewcurrencyandnon-mainstreamcurrencymarketstoobtainthesameliquidityadvantageasUniswap,andallowsuserstoenjoythelow-costandhigh-qualityuserexperienceofthecentralizedplatform.Gate.iowillcontinuetoadddifferentcurrencies,pleasepaycloseattentiontofollow-upannouncements.
TherulesformarketstoupgradetotheAutomatedMarketMaker(AMM)modelareasfollows:
1)Fixed0.3%commissionfeeforbothTakerandMaker(temporarilyconsistentwithUniswap,subjecttotheneedsofbothmarketparties)
2)Afixedpercentage(suchas50%)ofthetransactionfeewillautomaticallybechangedintoGTthroughtheopenmarketandputintotheAMMRewardPool.
3)Anyonecanbecomealiquidityprovider(LP)andgetthetransactionfeerewardsfromtheliquiditypoolandtheGTrewardsthatareinvestedintheliquiditybonuspool.
4)Liquidityprovidersprovideliquiditytothemarket,buttheyneedtobearinmindtheriskofimpermanentlosses.Forexample,ifthemarketpricedoubles,theimpermanencelossisabout7%,andifthemarketpricedropsbacktotheoriginalpoint,theimpermanencelossdisappears.
5)Liquidityproviderscantakebonusandwithdrawatanytime
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Gate.ioTeam
Nov16th,2021
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