Gate.io is going to commence Zenlink Network Token(ZLK) trading on Nov 25th, 2021 11:00am UTC.
About Zenlink Network Token(ZLK):
Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to become the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.
Token symbol：ZLK
Token Contract: 0x0f47ba9d9bde3442b42175e51d6a367928a1173b（moonriver）
Website：https://zenlink.pro/
Zenlink Network Token(ZLK)/USDT Trading starts: Nov 25th, 2021 11:00am UTC.
Deposit Zenlink Network Token(ZLK)at https://www.gate.io/myaccount/deposit/ZLK
Trade Zenlink Network Token(ZLK) in USDT market via: https://www.gate.io/trade/ZLK_USDT
Trade Zenlink Network Token(ZLK) in ETH market via: https://www.gate.io/trade/ZLK_ETH
Gate will open an Automated Market Maker (AMM ) for ZLK, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Gate.io Team
Nov 25th, 2021
