Gate will list Nine Chronicles (WNCG)
Gate will list Nine Chronicles (WNCG)
Gate is going to commence Nine Chronicles (WNCG) trading on Aug 17th, 2021 02:00 AM UTC.
About Nine Chronicles (WNCG)：
Nine Chronicles is the world’s first fully decentralized & open
source MMORPG, with user generated NFTs & serverless infrastructure
powered by the community. Nine Chronicle Gold (NCG) is an in-game token
of Nine Chronicle, which is used for payments, staking, and governance.
NCG can be earned by playing the game. With Ethereum bridge, Nine
Chronicle Gold is now available in ERC-20 compatible form, Wrapped NCG
(WNCG).
Token symbol：WNCG
Token Contract：0xf203ca1769ca8e9e8fe1da9d147db68b6c919817
Website：https://nine-chronicles.com/
Nine Chronicles（WNCG)/USDT Trading starts: Aug.17th, 2021 02:00AM UTC.
Deposit Nine Chronicles（WNCG)at https://www.gate.com/myaccount/deposit/WNCG
Nine Chronicles（WNCG) in USDT market via: https://www.gate.com/trade/WNCG_USDT
Nine Chronicles（WNCG) in BTC market via: https://www.gate.com/trade/WNCG_BTC
Gate will open an Automated Market Maker (AMM ) for WNCG, 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
Aug 17, 2021
