Gate.io is going to commence Monsta Infinite (MONI) trading on Sep 17th, 2021 02:00 AM UTC.
About Monsta Infinite (MONI):
Monsta Infinite is a decentralized game universe where anyone can earn tokens through playing the game competitively or for leisure. Monsta is an enigmatic and peculiar species living in SHANI, and they are from the age before dinosaurs. But now they have a catastrophic threat, JILAKA. They may be eradicated if the situation remains the same. So they wake their earliest ancestors, the Inception Monsta, from dormancy. Inception Monsta used their unique biological network to contact humans through blockchain technology. They seek our leadership and guidance to bring victory to their homeland. As a reward, they will grant us their most valuable resource on the planet, Stamen Tellus Token, and reckon you as their master for helping them to defeat JILAKA.
Token symbol：MONI
Website： https://monstainfinite.com/
Contract：0x9573c88aE3e37508f87649f87c4dd5373C9F31e0
Monsta Infinite (MONI) Trading starts: Sep 17th, 2021 02:00AM UTC
Deposit Monsta Infinite (MONI) at https://www.gate.io/myaccount/deposit/MONI
Trade Monsta Infinite (MONI) in USDT market via: https://www.gate.io/trade/MONI_USDT
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Gate will open an Automated Market Maker (AMM ) for MONI, 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
Sep 16, 2021
