Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list VINU at 07:00 on October 26, 2022 (UTC), and launch “VINU Online Bonus: Trade VINU & Hold CET, $15,000 Worth of VINU For Grabs” promotion. The details are as follows.
VINU Services
1. Deposit: 07:00 Oct 26, 2022 (UTC)
2. Withdrawal: 07:00 Oct 26, 2022 (UTC)
3. Trading pair: VINU/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Oct 26, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Oct 26, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Oct 26, 2022 (UTC)
About VINU
Website丨Explorer丨Whitepaper
VINU’s philosophy is to have fun, make new friends, and learn all about the greatest technological revolution – cryptocurrency - within an engaging, viral ecosystem. In conjunction with the Vite network, Vita Inu seeks to play its part in building large DAG ecosystems where various cryptocurrencies may be moved around freely, securely, and efficiently.
The Vinuverse is under development and will comprise a full VR World, the VinuSwap Dapp, NFTs, Staking, Rewards, Events, Merch, and much more.
Vita Inu Coin (VINU) is a token built upon the Vite network. It was created in November 2021 by creators who are bullish about the Vite network. Like many meme coins, the main aim of VINU is to build a fun and engaging community that serves as an accessible platform for the cryptocurrency space. Insofar as VINU is built upon the Vite network, it inherits its core features of having fast and feeless transactions. VINU also completed a cross-listing on the Binance Smart Chain.
The details of “VINU Online Bonus: Trade VINU & Hold CET, $15,000 Worth of VINU For Grabs” promotion are as follows.
Event 1: Learn to Earn 250,000,000,000 VINU
1. Duration: 08:00 on Oct 26 - 08:00 on Oct 27, 2022 (UTC)
2. Rules:
| Airdrop Type | Lucky Airdrop |
| Total Reward | 250,000,000,000 VINU |
| Single Reward | 200,000,000 VINU |
| To Be Rewarded | 1,250 Participants |
| Requirements |
1. Account Level: VIP1 and above (Current CET Holding ≥ 1,000) |
* The Cumulative trading volume (Spot and Futures) will be calculated and updated every hour. After meeting the trading volume requirement, you can join the event in the next hour.
3. How to participate
(1) Go to the promotion page: Read and study the project introduction carefully.
(2) Claim lucky number: Users who meet the participation requirements and answer all questions correctly can claim a lucky number during the promotion. When the promotion is ended, 1,250 lucky numbers will be drawn systematically and randomly. Users who win the airdrop will get a 200,000,000 VINU airdrop reward.
(3) Allocation: After claiming, your airdrop reward will be systematically frozen in the Spot account for 3 days. Please refer to the promotion page for the specific time.
Click HERE to learn more about CoinEx Airdrop
Event 2: Join Trading Volume Ranking to Share 500,000,000,000 VINU
1. Duration: 10:00 Oct 26, 2022 - 00:00 Nov 3, 2022 (UTC)
2. Rules:
During the promotion, users who trade in the VINU/USDT market with a trading volume > 200 USD equivalent of VINU can join the ranking. The top 100 users with the highest trading volume will share 450,000,000,000 VINU, and the remaining eligible users will share 50,000,000,000 VINU according to their trading volume. The specific reward distribution is as follows.
|
Ranking |
Reward per user（VINU） |
Total reward（VINU） |
|
1 |
50,000,000,000 |
50,000,000,000 |
|
2 |
40,000,000,000 |
40,000,000,000 |
|
3-5 |
20,000,000,000 |
60,000,000,000 |
|
6-10 |
10,000,000,000 |
50,000,000,000 |
|
11-50 |
5,000,000,000 |
200,000,000,000 |
|
51-100 |
1,000,000,000 |
50,000,000,000 |
3. How to participate
(1) Apply for the promotion:
· Web: Click [Promotion] - [CoinEx Tradeboard] on the navigation bar, enter the promotion page and click [Apply Now].
· App: Tap [Tradeboard] on the [Home] page, enter the promotion page and tap [Apply Now].
(2) Trade at least 200 USD equivalent of VINU to join the ranking.
(3) Reward allocation: The reward will be allocated in 7 business days after the promotion.
4. Notes of Participation
(1) The rewards will be shared by the ranking in Spot trading volume. Cumulative trading volume = Buying volume + Selling volume in all selected markets during the promotion.
(2) Market Making accounts are not included in this event.
(3) FAQ About Spot Trading Volume Ranking
Notes
(1) CoinEx kindly reminds you that cryptocurrencies are innovative investment products with high investment risk due to price fluctuations. Please make sure to have a full understanding of digital assets before investing, rationally judge your investment ability, and make prudent decisions.
(2) Sub-accounts are not allowed to participate as independent accounts, and their trading volume will be included in the main accounts.
(3) During the event, should any cheating behavior be found, the user will be disqualified.
(4) CoinEx reserves the right of final interpretation of this promotion.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%, for market makers is 0.15%. VIP will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
Risk Reminder
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses.
CoinEx Team
Oct 25, 2022