Gate is going to commence Kasta(KASTA) trading on Jan 18th, 2022, 14:00pm UTC
About Kasta(KASTA) :
Kasta’s mission is to steer the world towards global cryptocurrency adoption and a crypto-based economy through making the asset a viable medium of exchange. Built on the Polygon network, our hybrid-decentralized approach allows users to send and receive crypto instantly and for free (feeless). Kasta is an incredibly simple application that anyone - crypto expert, crypto newbie, merchant, etc, - can easily use on a day-to-day basis
Token symbol：KASTA
Token Contract (Polygon): 0x235737dbb56e8517391473f7c964db31fa6ef280
Website：https://www.kasta.io/
Kasta(KASTA) /USDT Trading starts: 14:00pm Jan 18th, 2022, UTC
Deposit Kasta(KASTA) at https://www.gate.com/myaccount/deposit/KASTA
Trade Kasta(KASTA) in USDT market via: https://www.gate.com/trade/KASTA_USDT
Gate will open an Automated Market Maker (AMM ) for KASTA, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity 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 18th, 2022
