Gate is going to commence Sologenic(SOLO) trading on Jan 15th, 2022 03:00am UTC.
About Sologenic(SOLO):
Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs.
Tokenized Securities: Sologenic ecosystem utilizes the on-demand tokenization of a wide range of assets from traditional financial markets or privately owned. All assets are backed 1:1 with the real world stocks (NOT A CFD) through SAXO bank in the EU. Sologenic also supports Stock mergers and dividends.
Crypto trading: The Sologenic DEX has gained a lot of popularity within the XRP community, with an average of 15M+ views per month and 1.25M+ transactions on a monthly basis.
NFT marketplace: Sologenic NFT marketplace is going live on 27th Jan.
Token symbol：SOLO
Token Contract: N/A
Website：https://www.sologenic.com/
Sologenic(SOLO)/USDT Trading starts: Jan 15th, 2022 03:00am UTC
Deposit Sologenic(SOLO) at https://www.gate.com/myaccount/deposit/SOLO
Trade Sologenic(SOLO) in USDT market via: https://www.gate.com/trade/SOLO_USDT
Trade Sologenic(SOLO) in BTC market via: https://www.gate.com/trade/SOLO_BTC
Gate will open an Automated Market Maker (AMM ) for SOLO, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.
AMM Trading Market and AMM Liquidity Mining
Gate has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
- Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
- A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
- Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
- Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
- Liquidity providers can take bonus and withdraw at any time
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Gate Team
Jan 13th, 2022
