Dear zAnons, @everyone. This is a reminder of our earlier message a couple weeks back.
15 Jul 2023, 05:38
Dear zAnons, @everyone
This is a reminder of our earlier message a couple weeks back.
We are listed on CoinEx for about a month now and it has proven to be a great additional exchange for trading ZANO. Liquidity is starting to get better and better!
We know there's plenty of people that haven't added liquidity yet. We would like to make our community aware that providing liquidity is not only beneficial for the project, but also very profitable for the individual that provides the liquidity.
CoinEx has a service called Automated Market Making (AMM), it essentially operates as a liquidity pool. By adding liquidity to the pool, users can share the daily trading fees earned by CoinEx.
The image we added is an example which shows that just $3700 in liquidity gives the user approx $27 in fees per week. That's $100+ dollars per month just for providing liquidity with only $3700.
The higher the daily trading volume, the more fees users will earn.
We hope our community will step in and provide liquidity to the books so that we'll have a healthy and attractive pair to trade on CoinEx for many years to come. We count on our community and if everyone adds a little liquidity we can make a huge difference together!
No KYC is needed on CoinEx when creating an account and providing liquidity. Only if you withdraw more than $10.000 a day you would need to do KYC.
Read more on how their AMM service works here:
ZANO/USDT pair on CoinEx: