Gate.io is going to commence Hero Arena (HERA) trading on 12:10pm October 21st, 2021 (UTC).
About Hero Arena:
Hero Arena is a Metaverse RPG Game builded on blockchain technology. We have inspiration from the Dota2 Game. It is a futuristic world with 5 different factions, each with their own strengths and weaknesses. Players can recruit heroes which then can be used to progress in the campaign mode and fight against the enemies. In the combat arena players can earn profit from your enemies.
(The information below is provided by the Hero Arena(HERA) team. Please follow Hero Arena(HERA) for more information）
Token symbol：HERA
Token Contract: 0x49c7295ff86eabf5bf58c6ebc858db4805738c01
Website：https://heroarena.app/
Hero Arena (HERA)/USDT Trading starts: 12:10pm October 21st, 2021 (UTC).
Deposit Hero Arena (HERA) at https://www.gate.io/myaccount/deposit/HERA
Trade Hero Arena (HERA) in USDT market via: https://www.gate.io/trade/HERA_USDT
Gate will open an Automated Market Maker (AMM ) for HERA, 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
October 18th, 2021
