Gate.io is going to commence Hashtagger（MOOO） trading on Dec 14th, 2021 04:00am UTC.
About Hashtagger（MOOO）:
Hashtagger is a SocialFi (SocialFinance) platform that lets users earn MOO cryptocurrency for making social media posts.
Token symbol: MOOO
Website：https://hashtagger.com/
Hashtagger(MOOO)/USDT Trading starts: Dec 14th, 2021 04:00am UTC.
Deposit Hashtagger(MOOO) at https://www.gate.io/myaccount/deposit/MOOO
Trade Hashtagger(MOOO) in USDT market via: https://www.gate.io/trade/MOOO_USDT
Gate will open an Automated Market Maker (AMM ) for MOOO, 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
Dec 14, 2021
