CoinEx Will List KISHU on March 28.

 

CoinEx Will List KISHU on March 28

 

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list KISHU and support deposit and withdrawal & Automated Market Making (AMM) on March 28, 2022 (UTC). And its trading pair KISHU/USDT will be available on the same day.

KISHU Services

1. Deposit: 03:00 March 28, 2022 (UTC)

2. Withdrawal: 03:00 March 28, 2022 (UTC)

3. Trading pair: KISHU/USDT

4. Opening method: Call Auction
   a. Call Auction
        03:00-06:50 March 28, 2022 (UTC)
        Orders can be placed and canceled
        06:50-07:00 March 28, 2022 (UTC)
        Orders can be placed but cannot be canceled
    b. Trading
        07:00 March 28, 2022 (UTC)

Kishu Inu.META Chart 

About KISHU
Website丨Explorer丨Whitepaper

Kishu Inu (KISHU) is a dog-based meme cryptocurrency that has selected the ‘Kishu’ dog breed as its mascot for its brand. The creators of KISHU do not hide that they were inspired by Dogecoin (DOGE), which was launched in 2013 and has since gained worldwide success and popularity.

The mission of Kishu Inu is to take meme coins to another level. The team aims to turn the project into something more than just a meme or a joke, and most importantly, to empower the KISHU token with the qualities of a real long-standing currency. The main competitive difference from comparable coins is that Kishu Inu is completely community-owned: the developers do not reserve tokens for the team, but rely on donations.

Kishu Inu is a decentralized transactional network with a community focus, meaning that all decisions are made by the community. The project aims to bring certain next-generation concepts into the mainstream like non-fungible tokens, decentralized finance and participation rewards.

The dog-themed token was launched on April 17, 2021. Supporters of the digital asset and crypto enthusiasts have already named Kishu as Doge's older brother. Interest in the currency was also fueled by a series of billboards promoting the coin in New York’s Times Square.

 

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
March 28, 2022