Gate.io is going to commence DNAxCAT(DXCT) trading on Nov 5th, 2021 10:00AM UTC.
About DNAxCAT:
DNAxCAT creates a digital cat pet world where players can raise and breed varies of cute cats and fight shoulder to shoulder in the adventure world with your cats.
DNAxCAT is also an economy in which ownership is totally decided by players, allowing players to seamlessly sell and trade their game assets into cryptocurrency. DNAxCAT leads the trend of GameFi and “Play To Earn”, allowing players to earn by playing games.
Token symbol：DXCT
Token Contract: 0x5b1baec64af6dc54e6e04349315919129a6d3c23
Website：dnaxcat.io
DNAxCAT(DXCT)/USDT Trading starts: Nov.5th, 2021 10:00 UTC.
Deposit DNAxCAT(DXCT) at https://www.gate.io/myaccount/deposit/DXCT
Trade DNAxCAT(DXCT) in USDT market via: https://www.gate.io/trade/DXCT_USDT
Gate will open an Automated Market Maker (AMM ) for DXCT, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity 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 automatic 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 5th, 2021
