Gate.ioisgoingtocommenceCereNetwork(CERE)tradingat14:00onNovember8,2021(UTC).
AboutCereNetwork:
CereNetworkisthefirstDecentralizedDataCloud(DDC)platformbuiltonSubstrateandPolygon.CereisthefirstWeb3projectthatfacilitatestrustlessclouddatastorage,integrationanddatacollaborationacrossblockchainnetworksaswellasWeb3NFT,metaverseandgamingcontent.Cereisbackedbytheworld’slargestinstitutionsandprojects,suchasBinanceLabs,RepublicLabsandPolygon.
Tokensymbol:CERE
Website:https://www.cere.network/
Whitepaper:https://cere-network.gitbook.io/cere-network/
CereNetwork(CERE)Tradingstarts:14:00onNovember8,2021(UTC)
DepositNetwork(CERE)at
TradeNetwork(CERE)inUSDTmarketvia:
Gate.ioisaCryptocurrencyTradingPlatformSince2013
Topranking,Trustworthy,Transparent
GatewillopenanAutomatedMarketMaker(AMM)forCERE,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
November8,2021
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