Crypto News – In order to increase the spot market’s liquidity on CoinList Pro, CoinList has introduced a market maker incentive program. In this direction, for the next three months, all qualifying market makers on the platform will not be charged any market maker costs.
Fundraising Platform CoinList To Increase Liquidity By Waiving All Market Maker Fees For A 3-Month Period
On the basis of the 30-day average execution volume, the top 5 traders also get a 0.05% discount on pending order placement fees. CoinList uses a discount factor based on trade categories to ensure that less liquid currency pairs receive the attention they merit:
- Tier 1 (1x multiplier): BTC, ETH
- Tier 2 (2x multiplier): MATIC, SOL, DOGE, SUI, AVAX, LINK, DOT, FIL
- Tier 3 (3x multiplier): AAVE, ALGO, ICP, FLOW, STX, ROSE, OCEAN, IMX, MKR, XTZ, MINA, CELO, GAL, COMP, T, SKL, CSPR, BICO, CLV, BLD, OXT, BTRST, NYM, VEGA, GODS, CUSD, HMT, GOG, CQT, BZZ, WCFG, UNI, EFI, CYBER, NEON, CFG, WAXL
Moreover, based on the number of trades from the previous month, rebates will be given to the top 5 USDC market makers at the beginning of each month.
CoinList Launches Incentive Program as Crypto Market Declines
With the total market capitalization of the cryptocurrency industry declining by 10% between August 14 and August 23, it reached its lowest level in more than two months at $1.04 trillion, signaling a recent significant decline in the industry. As a result, traders might greatly benefit from Coinlist’s incentive scheme during this depressing period.
About CoinList
A sizable, reliable fundraising platform, CoinList frequently features top-notch initiatives. Blockchain Layer-1 projects with high growth potential make up the majority of the token sales endorsed by CoinList.
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