Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list VOLT at 07:00 on November 4, 2022 (UTC), and launch “VOLT Online Bonus: Trade VOLT & Hold CET, $7,000 Worth of VOLT For Grabs” promotion. The details are as follows.
VOLT Services
1. Deposit: 07:00 Nov 4, 2022 (UTC)
2. Withdrawal: 07:00 Nov 4, 2022 (UTC)
3. Trading pair: VOLT/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Nov 4, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Nov 4, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Nov 4, 2022 (UTC)
About VOLT
Website丨Explorer丨Whitepaper
Volt Inu (VOLT) is a hyper-deflationary token whose aim is to invest in multiple asset classes such as NFTs, nodes, altcoins, staking & farming of stablecoins. This investment diversity allows to mitigate the risk while taking advantage of the possible non-correlated growth of the trending assets.
Since VOLT is intended to be a hyper-deflationary token, profits made on treasury investments are then used to buyback & burn VOLT tokens. In addition to this deflationary mechanism, VOLT has implemented an automatic 2% burn tax on ETH and another automatic 4% burn tax on BSC. The merger of these mechanisms guarantees a continuous rising price floor due to the decrease of the circulating supply.
The details of “VOLT Online Bonus: Trade VOLT & Hold CET, $7,000 Worth of VOLT For Grabs” promotion are as follows.
Event 1: Learn to Earn 4,500,000,000 VOLT
1. Duration: 08:00 on Nov 4 - 08:00 on Nov 6, 2022 (UTC)
2. Rules:
| Airdrop Type | Time-Limited Airdrop |
| Total Reward | 4,500,000,000 VOLT |
| Single Reward | 9,000,000 VOLT |
| To Be Rewarded | 500 participants, first come first served |
| Requirements |
1. Account Level: VIP1 and above (Current CET Holding ≥ 1,000) |
3. How to participate
(1) Go to the promotion page: Read and study the project introduction carefully.
(2) Claim the Airdrop: Users who have met the requirements and answered all questions correctly will be able to claim a 9,000,000 VOLT airdrop reward, first come first served.
(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 5,500,000,000 VOLT
1. Duration: 10:00 Nov 4, 2022 - 00:00 Nov 11, 2022 (UTC)
2. Rules:
During the promotion, users who trade in VOLT/USDT market with a trading value > 200 USD equivalent of VOLT can join the ranking. The top 100 users with the highest trading volume will share 5,500,000,000 VOLT. The specific reward distribution is as follows.
|
Ranking |
Reward per user (VOLT) |
Total reward (VOLT) |
|
1 |
750,000,000 |
750,000,000 |
|
2 |
400,000,000 |
400,000,000 |
|
3-5 |
200,000,000 |
600,000,000 |
|
6-10 |
100,000,000 |
500,000,000 |
|
11-50 |
50,000,000 |
2,000,000,000 |
|
51-100 |
25,000,000 |
1,250,000,000 |
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 VOLT 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
Nov 4, 2022