Dear CoinEx users,
According to the Mars Protocol official announcement, CoinEx will actively cooperate with its airdrop plan on the Mars Hub chain. MARS(new) airdrop has been allocated to eligible users on Feb 17, 2023(UTC), please checked the results in Assets - Spot. The details are as follows.
CoinEx Airdrop Plan
1. Snapshot time
(1) Snapshot 1: 00:00 on May 7, 2022(UTC)
(2) Snapshot 2: 17:00 on May 26, 2022(UTC)
2. Range of Snapshot
Assets in Spot accounts
3. Calculation of Allocation
MARS(new) airdrop received by each user = ((Amount of MARS held by the user at the time of Snapshot 1 + Amount of MARS held by the user at the time of Snapshot 2) /Total MARS held by ALL CoinEx users) * Total amount of MARS(new) received by CoinEx
4. Airdrop ratio for both snapshot
1 MARS(old) : 0.5 MARS(new)
Changes of Services
1. MARS(old) Services:
(1) The old MARS on the Terra Classic chain (which CoinEx currently supports) will be renamed MARSOLD.
(2) For the time being, MARSOLD withdrawal will remain available, and it will be terminated on May 16, 2023 (UTC). Please complete asset withdrawal before the service termination to avoid unnecessary asset loss.
2. MARS(new) Services:
(1) The new MARS will be called MARS, which will be redeployed on the Mars Hub.
(2) Deposit and withdrawal services of MARS(new) will be opened at 07:00 on Feb 20, 2023 (UTC).
(3) CoinEx will list MARS/USDT trading pair at 07:00 on Feb 20, 2023 (UTC) and support Automated Market Making (AMM):
Opening method: Call Auction
a. Call Auction
07:00-07:50 Feb 20, 2023 (UTC)
Orders can be placed and canceled
07:50-08:00 Feb 20, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
08:00 Feb 20, 2023 (UTC)
For more details, please refer to: Unveiling the Mars airdrop and snapshot data
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Feb 17, 2023