Gate will list Sukhavati Network(SKT)

Gate is going to commence Sukhavati Network(SKT) trading on Aug 12th, 2021 11:00am UTC.



About Sukhavati:

Sukhavati is a decentralized cloud service network focused on storage. Based on TEE and Substrate, it implements a low-consumption and meaningful storage verification mechanism: EPoSt (Efficient Proof of Spacetime). On the basis of this architecture, Sukhavati will establish a decentralized data access gateway covering both Web3.0 and Web2.0 storage ecos to provide unified data storage, retri, and management services for Web3.0 applications. Sukhavati support co-mining with IPFS or PoC projects (Chia & MASSnet) and interactive with Polkadot ecos via decentralized cloud service.

Token symbol：SKT

Token Contract: 0x012e0e6342308b247f36ee500ecb14dc77a7a8c1

Website：https://sukhavati.io/



Sukhavati Network(SKT)/USDT Trading starts: Aug.12th, 2021 11:00am UTC.



Deposit Sukhavati Network(SKT) at https://www.gate.com/myaccount/deposit/SKT

Trade Sukhavati Network(SKT) in USDT market via: https://www.gate.com/trade/SKT_USDT



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

   Aug 12, 2021