Gate will list ApeCoin(APE)

Gate is going to commence ApeCoin trading on March 17th, 2022, 12:30PM UTC



About ApeCoin :

APE is an ERC-20 governance and utility token used within the APE Ecosystem to enhance member engagement and build a diverse and decentralized community.



Token symbol：APE

Token Contract ：https://etherscan.io/token/0x4d224452801aced8b2f0aebe155379bb5d594381

Website：https://apecoin.com/



ApeCoin(APE) /USDT Trading starts: 12:30 pm March 17th, 2022, UTC



Deposit ApeCoin(APE) at :https://www.gate.com/myaccount/deposit/APE

Trade ApeCoin(APE) in USDT market via: https://www.gate.com/trade/APE_USDT



Gate will open an Automated Market Maker (AMM ) for APE, 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:

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 bonus and withdraw at any time
   
   
   
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   Gate Team
   
   March 17th, 2022