Gate list Kintsugi（KINT）

Gate is going to commence Kintsugi（KINT）trading on December 27th, 2021 at 13:30 PM(UTC).



About Kintsugi（KINT）:

Kintsugi is a decentralized network that allows creation of kBTC is a 1:1 Bitcoin-backed asset, in a trustless and decentralized manner.



Token symbol: KINT

Website: https://kintsugi.interlay.io/



Kintsugi（KINT） Trading starts: December 27th, 2021 at 13:30 PM(UTC).



Deposit Kintsugi（KINT） at：https://www.gate.com/cn/myaccount/deposit/KINT

Trade Kintsugi（KINT） in USDT market via:https://www.gate.com/cn/trade/KINT_USDT

Trade Kintsugi（KINT） in ETH market via:https://www.gate.com/cn/trade/KINT_ETH



Gate is a Cryptocurrency Trading Platform Since 2013

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Gate will open an Automated Market Maker (AMM ) for KINT, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.



AMM Trading Market and AMM Liquidity Mining



Gate has launched a new version of the liquidity pool (centralized automated 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
   
   December 27th, 2021