Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ORDS (Ordiswap) on Jan 3, 2024 (UTC). The details are as follows.
List Time
1. Deposit: 07:00 on Jan 3 (UTC)
2. Withdrawal: 07:00 on Jan 3 (UTC)
3. Trading pair: ORDS/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-08:50 Jan 3 (UTC)
Orders can be placed and canceled
08:50-09:00 Jan 3 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 Jan 3 (UTC)
About ORDS
Ordiswap set to redefine liquidity dynamics on Bitcoin's native layer through the innovative fusion of the BRC-20 standard and Ordinals.
Ordiswap marks an advancement in decentralized finance (DeFi) for the Bitcoin ecosystem.
At its core, Ordiswap seamlessly integrates off-chain server management with the unique tokenization capabilities of the BRC-20 standard, ushering in a new era of direct trading on Bitcoin's native layer. This technical brilliance, inspired by the principles that drive Ethereum's success, navigates the intricacies of decentralized trading without relying on on-chain smart contracts, ensuring security and efficiency.
Ordiswap's innovation lies in its ability to conduct trades and facilitate liquidity, maintaining the fundamental tenets of the Bitcoin network. By leveraging the principles of the BRC-20 standard and ordinals, Ordiswap allows for periodic settlements directly on the Bitcoin network, aligning transactions with the inherent security and finality of Bitcoin's blockchain.
About Automated Market Making (AMM)
AMM is supported for the ORDS/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Jan 3, 2024
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