Gate.io is going to commence SugarBounce(TIP) trading on Dec 23, 2021, at 10:00 AM UTC.
About SugarBounce(TIP):
Sugarbounce aims to provide with a consummate eco for all NSFW entertainment needs of the next generation of viewers with the goal to decentralize adult content and lead the field in this emerging adult entertainment market by demonstrating how crypto and the blockchain can safely and effectively work in a highly-profitable NSFW context. The platform is geared towards making the lives of people working in the adult industry better and will bring in an amalgamation of P2P streaming, IPFS, and NFT Tech to bring a never-seen-before experience to viewers.
Token symbol：TIP
Token Contract: 0x40f906e19b14100d5247686e08053c4873c66192
Website：https://sugarbounce.com/
SugarBounce(TIP)/USDT Trading starts: Dec 23, 2021 10:00 AM UTC.
Deposit SugarBounce(TIP) at https://www.gate.io/myaccount/deposit/TIP
Trade SugarBounce(TIP) in USDT market via: https://www.gate.io/trade/TIP_USDT
Gate will open an Automated Market Maker (AMM ) for TIP, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fees 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
December 13, 2021
