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Announcements Gate.io will list SuperRare(RARE)
Gate.io will list SuperRare(RARE)
2021-08-24 01:26:54 UTC 69179 Read
Gate.io is going to commence SuperRare(RARE) trading on Aug.24, 2021 05:00 UTC.

About RARE:
A pioneer in the NFT space, SuperRare has grown into the premier NFT art platform, with nearly $90M+ of art collected and $3M+ in artist royalties paid to date.
Token symbol: RARE
Website: https://superrare.com/
Contract: 0xba5bde662c17e2adff1075610382b9b691296350

SuperRare(RARE)/USDT Trading starts: Aug.24, 2021 05:00 UTC

Deposit SuperRare(RARE) at https://www.gate.io/myaccount/deposit/RARE
Trade SuperRare(RARE) in USDT market via: https://www.gate.io/trade/RARE_USDT
Trade SuperRare(RARE) in ETH market via: https://www.gate.io/trade/RARE_ETH

Gate will open an Automated Market Maker (AMM ) for RARE, 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

Aug 24, 2021

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