Gate.io is going to commence Swash (SWASH) trading on October 31st, 2021 00:15:00AM UTC.
About Swash:
Swash is an eco of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in asustainable and compliant way. Developers set up and build s within a collaborative development framework with ease.
Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in aliquid digital eco for data.
Token symbol: SWASH
Website：https://swashapp.io/token
Smart contract address: 0xa130e3a33a4d84b04c3918c4e5762223ae252f80
Swash (SWASH) Trading starts:October 31st, 2021 00:15:00AM UTC
Deposit Swash (SWASH) at: https://www.gate.io/myaccount/deposit/SWASH
Trade Swash (SWASH) in USDT market via:https://www.gate.io/trade/SWASH_USDT
Gate.io is a Cryptocurrency Trading Platform Since 2013
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Gate will open an Automated Market Maker (AMM ) for SWASH, 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
Oct 30, 2021
