Gate.io Initial list Kaby Arena(KABY)-Announcements-Gate.io

Gate.io 08-31 07:14 相关类型 币种上线
Gate.io is going to commence Kaby Arena(KABY) trading on August 31st, 2021 14:00PM UTC.



About Kaby Arena:

Kaby Arena is a Free-to-Play turn-based NFT game where everyone can start playing without the need of any investment. Kaby Arena also employs the Play-to-Earn model to reward players with tokens and equipment through dynamic gameplay and participation in PvP tournaments. With this seamless combination of the F2P and P2E models, Kaby Arena gives players the opportunity to play and profit at the same time.

Token symbol:KABY

Website:https://kabyarena.com/

Contract:0x02a40c048ee2607b5f5606e445cfc3633fb20b58



Kaby Arena(KABY)Trading starts: August 31st, 2021 14:00PM UTC



Deposit Kaby Arena(KABY) at https://www.gate.io/myaccount/deposit/KABY

Trade Kaby Arena(KABY) in USDT market via: https://www.gate.io/trade/KABY_USDT



Gate.io is a Cryptocurrency Trading Platform Since 2013

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Gate will open an Automated Market Maker (AMM ) for KABY, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.



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.



Gate.io is a Cryptocurrency Trading Platform Since 2013


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Gate.io Team



Aug 31, 2021





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