Gate.io is going to commence Attack Wagon(ATK) trading on December 8th, 2021 02:00 AM UTC.
About Attack Wagon:
Attack Wagon is a blockchain game studio creating unique worlds where story and community meet. Their first game ScrapGuilds is a Free-To-Play Play-To-Earn blockchain game that utilizes NFT ownership of your gaming assets and the ATK Token. Attack Wagon’s vision is to bring blockchain to the everyday gamer by the ease of use and adoption of fun and intriguing storylines. Attack Wagon has its own token, the ATK Token, a utility and governance token used throughout the Attack Wagon eco. A fun and rich, story-filled experience lies in wait for you. Make the story yours while earning ATK in the process.
Token symbol：ATK
Token Contract: 0xf868939ee81f04f463010bc52eab91c0839ef08c
Website：https://attackwagon.com
Attack Wagon(ATK)/ETH Trading starts: December 8th, 2021 02:00 AM UTC
Deposit Attack Wagon(ATK) at https://www.gate.io/myaccount/deposit/ATK
Trade Attack Wagon(ATK) in ETH market via: https://www.gate.io/trade/ATK_ETH
Gate will open an Automated Market Maker (AMM ) for ATK, 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
Dec 7th, 2021
