About Coinin Asia

Coinin Asia is a brand of Singapore company Bit Matrix Pte Ltd. The registration number is
201727630E, a member company of the Singapore Association of Encrypted Digital Currency and Blockchain Industries (ACCESS).
Biyin Asia has rich experience in the development and operation of financial products, and is composed of professionals with an international perspective
It focuses on providing reliable digital asset financial services for global digital asset traders. At present, its main
Push coin silver wallet APP and CoinsDo digital asset payment system and other digital asset product services.

Coinin Asia enables developers, liquidity providers and traders to participate in an open and accessible
Access to the financial trading market. Coinin Asia Exchange is a unique trading platform located in Singapore, allowing
Allow users to trade ERC-20 tokens without any intermediaries.
The Coinin Asia protocol is a peer-to-peer system [1] for trading cryptocurrencies on the Ethereum blockchain
(ERC-20 token). The Coinin Asia protocol consists of an immutable, durable, and
Upgraded smart contract definition. It is designed to be independent of any trusted intermediary that may selectively restrict access.
Circumstances to trade. The Coinin Asia Agreement is designed to be censorship-resistant, safe and self-regulatory. The code is open source
, For everyone to read and verify.

Due to these design principles, the Coinin Asia Agreement will run permanently with 100% uptime.
It is mentioned that the Ethereum network continues to operate

Most publicly accessible markets use a central limit order book, where buyers and sellers create groups by price level
Organization’s orders are gradually filled with changes in demand. Anyone who has traded stocks through a brokerage company will be familiar with
Learn about the order book system.

The Coinin Asia protocol uses a different approach, using an automated market maker (AMM), sometimes called a constant letter
Number of market makers, instead of order books.

At a very high level, AMM replaces buying in the order book market with a liquidity pool of two assets.
For sell orders, the values ​​of these two assets are relative to each other. When one asset trades another asset, these two
The relative prices of these assets will change, thereby determining the new market exchange rate for both. In this dynamic, buy
The party or seller directly trades with the mining pool instead of trading with specific orders left by other parties. More and more
More parties are actively studying the advantages and disadvantages of automated market makers and traditional order book counterparts. We are studying
Some noteworthy examples are collected on the page.

The Coinin Asia ecosystem includes three types of users:

Liquidity Provider (LP): An individual or entity that contributes ERC-20 tokens to the public liquidity pool.

Trader: An individual or entity that exchanges one token for another.

Developers: Individuals or individuals who integrate with Coinin Asia protocol smart contracts to provide exciting new experiences
entity.

In general, the interaction between these categories creates a positive feedback loop, by defining a universal
Language is used to promote the digital economy, through which tokens can be collected, traded and used.

Liquidity provider
The liquidity provider or LP provides ERC-20 tokens to the Coinin Asia liquidity pool. Big mining pools are better than small
More favorable prices in mining pools promote large-volume transactions. Therefore, LP plays an important role in providing liquidity to traders.
Very important role. In return, LP earns 0.30% of fees for each transaction in the pool, which is proportional to
Examples are allocated to LPs in the pool.

LP is not a homogeneous group:

Passive LPs are token holders who wish to passively invest their assets in order to accumulate transaction fees.

Professional LPs focus on market making as their main strategy. They usually develop custom tools and methods to follow
Track the liquidity positions of different DeFi projects.

Token projects sometimes choose to become LPs to create a liquid market for their tokens. This allows easier buying
Sell ​​tokens and unlock interoperability with other DeFi projects through the Coinin Asia agreement.

Finally, some DeFi pioneers are exploring complex liquidity to provide interaction, such as incentive liquidity, liquidity
As collateral and other experimental strategies. The Coinin Asia protocol is ideal for projects that experiment with these ideas
.

Trader
There are several types of traders in the protocol ecosystem:

Speculators use various tools and products built by the community, using the flows extracted from the Coinin Asia agreement
Sex to exchange tokens.

Arbitrage robots seek profits by comparing prices on different platforms to find advantages. (Although it might look
It’s very easy to extract, but these bots actually help balance the price of the broader Ethereum market and maintain public
flat. )

Dapp users purchase tokens through the Coinin Asia agreement so that they can be used in other applications on Ethereum in the future.
Used in the sequence.

Implement exchange functions (from products such as DEX aggregators to custom Solidity scripts) on the protocol
Smart contracts for line transactions.

In all cases, the transaction requires the payment of the same agreement transaction fee. Each is accurate for raising prices
Both sex and incentive liquidity are important.

Developer
Developers build applications and services on top of the Coinin Asia protocol. Numbers in the Ethereum ecosystem
The amount is too much, but some examples include:

Since the Coinin Asia protocol and the Coinin Asia app are completely open source, countless developers have launched
Own front-end to interact with Coinin Asia protocol. You can view it on most major DeFi dashboards
Find the Coinin Asia function in the project. There are also many Coinin Asia protocol tools built by the community.

Wallets usually take exchange and liquidity provision functions as the core products of their products.

Coinin Asia (decentralized exchange) aggregators extract liquidity from many liquidity agreements for trading
Offer the best prices, but separate their deals. The Coinin Asia Agreement is the largest of these projects
A single source of decentralized liquidity.

Smart contract developers use the available feature suite to invent new DeFi tools and various other experimental ideas.
Law. Check out projects such as Unisocks or Zora, and many others.

Many members of the Coinin Asia ecosystem participate in more than one of these roles. You can become a stream at the same time
Mobility providers, traders and developers!

Your wallet is an application that allows you to interact with Ethereum. Coinin Asia protocol and centralized encryption service
The main difference is who controls your wallet-in other words, it is safekeeping.

Most centralized encryption services provide custodial wallets, which store your private keys on your behalf. Usually, the public
The company will use the username and password to protect your wallet, but if a hacker attack or data leakage occurs, your
Assets may be at risk.

On the other hand, decentralized applications (dapps) are non-custodial: you own your private keys and assets
Full ownership, ownership and responsibility. There are different types of wallets, extending from browsers to mobile applications
Sequence, and then to USB-like hardware.

There are roughly three types of wallets:

Hardware wallet: The physical device stores your private key offline. This type of wallet is considered the safest. Show
Examples include Ledger and Trezor.

Web Wallet: A self-hosted wallet allows you to interact with your Ethereum account through a web browser. E.g
, You can download MetaMask as a browser plug-in and create a wallet to store Ether and other
ERC-20 tokens.

Smart contract wallets: These wallets exist as programs on the blockchain instead of providing users with public keys and private keys.
Key pair, and usually associated with a specific application. Examples include InstaDapp’s DeFi smart account
Households, Argent, Dharma, Gnosis Safe, etc.

Coinin Asia is an extremely fast and highly liquid private non-custodial transaction portal built on Ethereum.
Use StarkWare's layer 2 expansion technology (ZK-Rollup/Validium). Coinin Asia
Provides high-speed API and UI access to some of the industry’s deepest order books, allowing more than 9,000 transactions per second,
Default privacy, competitive fees, and certainty of withdrawals mean that you always have complete control over your payment
Easy assets, you can get in and out quickly. There is almost no counterparty risk. To

Coinin Asia is a blockchain project used to build the application ecology of encrypted assets trading. It uses blockchain
It has the advantages of trust-free mechanism, tamper-proof, transparent information, co-supervision and traceability, etc., which is suitable for all kinds of financial institutions
And individuals provide a new generation of value reversal platform that is safe, efficient and low-cost across borders and assets.

Coinin Asia’s block data is stored in a chain structure, and all blocks have the index of the previous block.
Needle reference to ensure that the data is not tampered with. Coinin Asia station uses sha256 function to hash data
Hash, use ecc asymmetric encryption algorithm for identity authentication, use aes encryption algorithm to encrypt the private key, and use
Merkle numbers are used to verify and store transactions.

Coinin Asia uses niosocket for node interaction, which is loaded with dns method and built-in program method.
Seed nodes, all nodes will conduct self-check after startup, and nodes under the public network will actively report their ip
And port to the network, other nodes will verify the information reported by them. If the verification passes, all nodes will
The point will store the ip address and port of the available node to the local, and the next time it is started, it will be directly connected without needing to probe again.
Test; if the verification fails multiple times (there will be a rule that will be detected every 10 minutes, when the number of failures exceeds
It will be triggered when the number of successful connections is 10 times), the node may have been offline, and it will
Delete inside. When the number of connected nodes is too small, it will actively ask the connected nodes to obtain more available nodes
. Coinin Asia allows the nodes on the intranet to communicate with each other through hole penetration.
Use the verified node as a connection bridge to help the node behind nat shake hands and complete the connection
.

At present, the option layer of Coinin Asia is only simple script code, verification script of anti-counterfeiting code, consensus guarantee
Gold redemption scripts are all small option modules. Coinin Asia is positioned as a business application platform
Taiwan, so Coinin Asia will adopt a different approach from other options trading platforms for public chain ecological integration
And promote molding. Coinin Asia will recruit a third-party team to create more down-to-earth and practical
Landing application projects, the front-end audience will be the general public, which will accumulate precipitation for Coinin Asia
A large number of users. Coinin Asia plans to develop a Turing-complete virtual machine in 2022 to provide higher
Flexibility, provided that after Coinin Asia has a large user base, before this Coinin
Asia's goals and directions are very clear.

Tax disclaimer: Coinin Asia does not provide tax or investment advice. According to the regulatory policy of the relevant jurisdiction
, When you trade commodities and generate gains (or losses), you may need to pay taxes. Digital currency
Tax policies vary from jurisdiction to jurisdiction, so we strongly recommend that you contact your personal tax advisor to obtain information on
Further information about your personal tax situation. It is your personal obligation to choose the right jurisdiction for tax declaration. exist
When using Coinin Asia’s tax reporting tool, you agree that Coinin Asia is not doing any kind of
Promotion / solicitation, this tool is only for the convenience of users in tax declaration.

Tax risk reminder: Digital currency transactions have huge risks. Please purchase with caution and pay attention to transaction risks.
Coinin Asia will follow the selection of high-quality currencies, but will not be responsible for any of your transactions, such as guarantees, compensation, etc.
!

Risk warning and exemption treaty

This case is only used to convey information, and the content of the document is for reference only and does not constitute investment advice. Coinin Asia
The team will continue to make reasonable attempts. During the development process, the platform may be updated, including but not limited to
Taiwan mechanism, token and its mechanism, token distribution situation. Part of the content of the document may evolve as the project progresses
The team will adjust accordingly, and the team will announce the updated content to the public through the help center. Coinin Asia made it clear
, Does not assume that participants rely on the content of this document for inaccuracies in the information in this article, and any inaccuracies caused by this article
Loss caused by behavior. The Coinin Asia platform clearly communicates possible risks to participants. Participants
Once participating in the exchange, it means that they have confirmed their understanding and approval of the various terms and conditions in the detailed rules.