Gate.io list CryptoXpress (XPRESS）

Gate.io is going to commence CryptoXpress (XPRESS) trading on November16th , 2021 04:00 AM UTC.

About CryptoXpress (XPRESS):

CryptoXpress will democratize and simplify traditional financialservices for a new generation. Started by a group of experienced globalblockchain experts, the company provides an easy-to-use mobile app to access arange of crypto and banking digital services. A best-in-class user experienceto buy/trade crypto, access NFT marketplaces, conduct payments and digitaltransfers, and other exclusive loyalty, retail and member benefits will beoffered.

Tokensymbol: XPRESS

Website: https://cryptoxpress.com/

CryptoXpress(XPRESS) Trading starts: November 16th , 2021 04:00 AM UTC.

DepositCryptoXpress (XPRESS) at:

Trade CryptoXpress (XPRESS) in USDT market via:

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Gate will open an Automated Market Maker (AMM ) for XPRESS, andlaunch an AMM "liquidity-mining" rewards. Users who provide marketliquidity by inserting liquidity in will get rewards from the liquidity pooltransaction fee and GT token rewards from the liquidity reward pool. Highannual rate rewards with security.

AMM Trading Market and AMM Liquidity Mining

Gate.iohas launched a new version of the liquidity pool (centralized automated marketmaker (AMM) transaction service) on August 1st, 2021: allowing most of the newcurrency and non-mainstream currency markets to obtain the same liquidityadvantage as Uniswap, and allows users to enjoy the low-cost and high-qualityuser experience of the centralized platform. Gate.io will continue to adddifferent currencies, please pay close attention to follow-up announcements.

The rulesfor markets to upgrade to the Automated Market Maker (AMM) model are asfollows:

1) Fixed0.3% commission fee for both Taker and Maker (temporarily consistent withUniswap, subject to the needs of both market parties)

2) A fixed percentage (such as 50%) of the transaction fee willautomatically be changed into GT through the open market and put into the AMMReward Pool.

3) Anyone can become a liquidity provider (LP) and get thetransaction fee rewards from the liquidity pool and the GT rewards that areinvested in the liquidity bonus pool.

4) Liquidity providers provide liquidity to the market, but theyneed to bear in mind the risk of impermanent losses. For example, if the marketprice doubles, the impermanence loss is about 7%, and if the market price dropsback 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

Nov16th, 2021