Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list STON (STON.fi) on June 6, 2024. The details are as follows.
List Time
1. Deposit: 7:00 on June 6 (UTC)
2. Withdrawal: 7:00 on June 6 (UTC)
3. Trading pair: STON/USDT
4. Opening method: Call Auction
a. Call Auction
7:00-7:20 June 6 (UTC)
Orders can be placed and canceled
7:20-7:30 June 6 (UTC)
Orders can be placed but cannot be canceled
b. Trading
7:30 June 6 (UTC)
About STON
STON.fi is a decentralized exchange (DEX) on TON blockchain. More specifically it is an Automated Market Maker (AMM) exchange employing the Constant Product Market Maker algorithm. The web based app (app.ston.fi) is a visual interface for interacting with a set of smart contracts deployed to the TON blockchain.
The exchange is fully decentralized and non-custodian. Funds are held in permissionless smart contract accounts. This means the only methods to withdraw funds from the pool accounts are those encoded in the smart contract. At a high level this code only allows withdrawals in exchange for an appropriate amount of another asset or by liquidity owners in exchange for their Pool Tokens. Furthermore, the contracts are fully permissionless. This means that any account can create a pool by issuing the correct set of transactions and that no account has authority over the pool's assets or functionality. There is no mechanism to revert or adjust transactions even if they are made in error. Contracts, except the router, are immutable. This means no account has the authority to update or delete pool contracts and funds cannot be stolen. For transparency, all router contract upgrades are time-locked for seven days and a user may withdraw their provided liquidity during this period if they find the changes disagreeable.
About Automated Market Making (AMM)
AMM is supported for the STON/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
June 6, 2024
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