Gate.io is going to commence DOSE (DOSE) trading on November 4th, 2021 10:00 AM(UTC)
About DOSE:
Building the fitness metaverse: Get rewarded for working out!
OliveX is building a fitness metaverse where players can work out at home, in the gym, or outdoors and earn in-game rewards. All of these experiences are linked together with the DOSE utility token. The following three projects in OliveX’s portfolio will be integrating DOSE: 22 Pushups, KARA Smart Fitness™ and Dustland Runner, a brand new audio adventure. Dustland Runner is designed on top of the successful Zombies, Run! game, which has been downloaded more than 1 million times and has 50’000 paying subscribers. The app features 200 missions that are part of an award-winning storyline and tracks players’ fitness goals and progress.
Token symbol: DOSE
Website：https://dosetoken.com/
DOSE (DOSE)Trading starts: November 4th, 2021 10:00 AM(UTC)
Deposit DOSE (DOSE) at
Trade DOSE (DOSE) in USDT market via:
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Gate will open an Automated Market Maker (AMM ) for DOSE, 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
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Gate.io Team
November 4th, 2021
