Dear BigONE users,
In order to improve the liquidity of the platform's trading market and increase user benefits, BigONE will soon launch the Liquidity Mining feature. The first phase will support XIN/USDT, XIN/BTC, XIN/EOS, MOB/USDT, MOB/BTC, ONE/USDT, ONE /BTC, SHIB/USDT liquidity mining in a total of 8 trading markets, and subsequent liquidity mining in more trading markets will be supported according to market conditions.
Launch Time: The platform will be down for maintenance on 25 November 2021 at 7:00 (GMT+8), the estimated maintenance time is 2 hours. The liquidity mining feature will be launched as soon as the maintenance is completed.
BigONE’s liquidity mining is a product developed based on the principle of the automatic market maker (AMM). Each trading pair that supports AMM will be equipped with a corresponding liquidity pool. Funds injected into the liquidity pool will automatically become a Liquidity Provider, indirectly become a market maker, and receive transaction fee bonuses.
BigONE's liquidity mining uses the combination of AMM and order book in the trading mechanism. The system will place the funds in the fund pool in the market according to the AMM algorithm to provide liquidity for the market.
What is an Automatic Market Maker (AMM)?
AMM stands for Automated market maker, which means automatic market maker model. It is relative to the market maker model of traditional centralized exchanges. AMM is equivalent to a decentralized market maker model and everyone can become a liquidity provider. In the AMM model, liquidity providers can obtain transaction fee bonuses. BigONE's AMM is based on the "constant product market maker model" (x*y=k) to calculate the buying and selling prices to provide continuous quotations for the market.
Transaction fee rate and liquidity mining income
- Transaction fee rate: BigONE currently supports liquidity mining trading through an independent fee rate system, meaning that the Maker and Taker's transaction renewal rate is 0.3%. There is no fee discount at this time, and the transaction fee rate is not based on membership level.
- Liquidity mining income: Users who participate in liquidity mining can get 50% of the market's commission dividends, and the liquidity mining pools of individual currencies will also increase additional rewards from the platform from time to time.
Advantages of BigONE Liquidity Mining
- Low threshold, high yield
Everyone can participate in BigONE liquidity mining and indirectly become a market maker, earning 50% of the commission bonuses.
- Real-time income distribution
The fee income is added to the unified market-making account in real-time, and the value of the user's share of the fund pool continues to increase, and it is withdrawn at the time of removal.
- Free access at zero-cost
There is no charge for the fund operation process when adding and removing liquidity, and it can be deposited and withdrawn at any time.
- Safe and secure funds
Compared with liquidity mining on a decentralized platform, BigONE as a centralized trading platform provides users with more security in the liquidity mining product pool.
Liquidity mining is not a risk-free capital preservation investment product. Participating in liquidity mining may involve the risk of impermanent loss. Therefore, please be aware of investment risks before investing and invest carefully.