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Announcements Gate.io will list MetaSoccer Universe(MSU)

Gate.io will list MetaSoccer Universe(MSU)

2021-12-16 03:58:55 UTC 118622 Read
Gate.io is going to commence MetaSoccer Universe(MSU) trading on Dec 17th, 2021 12:00PM UTC.

About MetaSoccer Universe:
MetaSoccer is the first blockchain-based soccer metaverse. This is the starting point of a new paradigm in the sports eco, decentralized and of which you can actively participate in multiple ways. This universe is a combination of 3 multibillion dollar markets with global impact: video games, soccer and sports betting, all merged by blockchain and NFT technologies, another multibillion dollar market that just started to take off.

Token symbol:MSU
Token Contract: 0xe8377a076adabb3f9838afb77bee96eac101ffb1
Website:https://metasoccer.com/

MetaSoccer Universe(MSU)/USDT Trading starts: Dec.17th, 2021 12:00PM UTC.
Deposit MetaSoccer Universe(MSU) at https://www.gate.io/myaccount/deposit/MSU
Trade MetaSoccer Universe(MSU) in USDT market via: https://www.gate.io/trade/MSU_USDT

Gate will open an Automated Market Maker (AMM ) for MSU, 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
Dec 16, 2021
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