Gate is going to cancel OkLetsPlay (OKLP) Startup activity and trading on Gate

Due to the reasons of OkLetsPlay project, the project team has unilaterally decided to stop the Startup activity and stop open trading at Gate. After several negotiations but reach no aggrement, Gate has decided to stop the Startup activity and stop opening trading of OkLetsPlay (OKLP).



Token symbol：OKLP

Token Contract (ERC-20): 0x5D48a5E5a3e737322Ae27e25897F1c9E19EcC941

Website: https://okletsplay.com





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:

1. Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
   
2. 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.
   
3. 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.
   
4. 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.
   
5. Liquidity providers can take bonuses and withdraw at any time
   
   
   
   
   
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   Gate Team
   
   April 21st, 2022