Dear zAnons,. We are listed on CoinEx for about a week now and it has proven to be a great additional exchange to trade ZANO.
22 Jun 2023, 04:51
Dear zAnons,
We are listed on CoinEx for about a week now and it has proven to be a great additional exchange to trade ZANO.
We noticed not many people have added liquidity yet, but would like to make our community aware that providing liquidity is very profitable on CoinEx!
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 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.
Read more on how their AMM service works here:
ZANO/USDT pair on CoinEx: