Gate.io is going to commence My Master War(MAT) trading at 12:00 PM(UTC), October 19th, 2021.
About My Master War:
MyMasterWar is a gaming eco with the difference that blockchain technology is applied to the game along with the Free Play to Earn and Profit Sharing model. The first set of games will take place in the Middle Ages. Players can choose their own scenario, each player is like a king. The second part of the game will take place in a future where humans cross space and time building their own virtual metaverse empires. Players will no longer use traditional devices such as laptops or mobile phones to participate in the game, instead, they will enter a 3D virtual world, transforming into gods with endless strength and the ability to create and conquer the new worlds of a country, they can choose generals, build armies, devise strategies and fight battles.
Token symbol：MAT
Website：https://mymasterwar.com/
My Master War(MAT) Trading starts: 12:00 PM(UTC), October 19th, 2021
Deposit My Master War(MAT) at https://www.gate.io/myaccount/deposit/MAT
Trade My Master War(MAT) in USDT market via: https://www.gate.io/trade/MAT_USDT
Gate.io is a Cryptocurrency Trading Platform Since 2013
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Gate will open an Automated Market Maker (AMM ) for MAT, 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
October 19th, 2021
