AAcoin Announcement on System Upgrade Maintenance and AMM Deduction Fee (2018/11/10)
AAcoin will carry out the overall upgrade and maintenance of the platform from 22:30 on November 10, 2018 to 0:30 on November 11, 2018. The estimated completion time is 2 hours. Suspension of login and transaction during maintenance, apologize for any inconvenience.
Update: AMM deduction fee is online.
Users who participate in the transaction on the AA platform, regardless of the token of the transaction, when they need to pay the transaction fee, if they hold the full AMM, the system will discount the fee for the payment and calculate the market value according to the current market value. The amount of AMM is equivalent, and the payment of the fee is completed using AMM.
1. AMM deduction fee discount ratio
At present, the AMM deductible enjoys a 20% discount rate, that is, the AMM deduction fee only pays 80% of the handling fee;
The user can automatically turn the AMM deceleration switch on and off in the personal center. The default is on;
2. AMM market value conversion logic
In the BTC market, there is the transaction pair, take the BTC valuation, convert it to USDT in BTC_USDT and convert it into AMM in AMM_USDT;
There is no such transaction in the BTC market, first converted to BTC, then converted to USDT in BTC_USDT and then converted to AMM in AMM_USDT;
3. How to settle the transaction fee when the transaction fee is AMM?
If the transaction fee is AMM, when the "AMM deduction fee" is activated, the corresponding discount will be enjoyed. When it is closed, 100% of the AMM transaction fee will be charged.
4. AMM deduction fee has been turned on, but when AMM is insufficient, how to settle?
When the AMM is insufficient, the handling fee will be charged at 0.1%.
5. Does the AMM that locks the warehouse participate in the deduction fee?
The locked warehouse AMM is in a frozen state and cannot participate in the deduction of the AMM handling fee;
6. Can the mining area use the AMM for the handling fee deduction?
The mining area cannot use the AMM to deduct the fee.
7. How to deal with the AMM for deducting fees?
After the AMM deducts the handling fee, it enters the official wallet and temporarily does not destroy the locked warehouse, which can be circulated to the market. (similar to the point card concept)
There are still many places in AAcoin that need to grow. Thank you for your support and look forward to your valuable comments.
November 10, 2018