Gate.io is going to commence Evanesco(EVA) trading on Sep 28th, 2021 12:00PM UTC.
About Evanesco(EVA):
EVA is the unique financial protocol platform in the Web3 ecology that combines Layer0 network infrastructure and privacy computing framework. Based on the double-layer consensus mechanism, EVA not only provides a decentralized, flexible and secure network infrastructure for the cryptocurrency ecology, but also supports the scalable and efficient protection of private assets for smart contracts. It provides safe, reliable and efficient network access and encrypted financial services for the Web3.0 application and DeFi ecology.
Token symbol: EVA
Website: https://www.evanesco.org/
Contract: 0xd6caf5bd23cf057f5fccce295dcc50c01c198707
Evanesco(EVA) Trading starts: Sep 28th, 2021 12:00PM UTC
Deposit Evanesco(EVA) at: https://www.gate.io/myaccount/deposit/EVA
Trade Evanesco(EVA) in USDT market via: https://www.gate.io/trade/EVA_USDT
Gate.io is a Cryptocurrency Trading Platform Since 2013
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Gate will open an Automated Market Maker (AMM ) for EVA, 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 28, 2021
