Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list XNA at 07:00 on Aug 18, 2023 (UTC), and launch the “XNA Listing Bonus: Join Airdrop and Trading Ranking to Share $7,000 XNA” promotion. The details are as follows.
1. Deposit: 07:00 Aug 18, 2023 (UTC)
2. Withdrawal: 07:00 Aug 18, 2023 (UTC)
3. Trading pair: XNA/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Aug 18, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Aug 18, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Aug 18, 2023 (UTC)
Neurai aims to be a platform to enable harnessing the power of AI algorithms for efficient data analytics, predictive modeling, decision making and connectivity to IoT devices using blockchain assets.
The initial needs for creating Neurai were based on the following fundamental principles:
- Robust and proven code.
- Implementation of Proof of Work (PoW) for fair distribution.
- ASIC resistance to prevent mining centralization.
- Integration of assets to manage and interact with IoT.
- Availability of good documentation and libraries for a smooth start.
The details of the “XNA Listing Bonus: Join Airdrop and Trading Ranking to Share $7,000 XNA” promotion are as follows.
Learn and Earn 5,000,000 XNA Airdrop
1. Duration: 10:00 on Aug 18 - 10:00 on Aug 21, 2023 (UTC)
|Airdrop Type||Lucky Airdrop|
|Total Reward||5,000,000 XNA|
|Single Reward||2,500 XNA|
|To Be Rewarded||2,000 Participants|
30D Trading Volume > 100 USD
3. How to participate
(1) Go to the promotion page: Read and study the project introduction carefully.
(2) Claim your 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, 2,000 lucky numbers will be drawn systematically and randomly. Users who win the airdrop will get a 2,500 XNA airdrop reward.
(3) Allocation: After claiming, your airdrop reward will be systematically frozen in the Spot account for 1 day. Please refer to the promotion page for the specific time.
Click HERE to learn more about CoinEx Airdrop
Join Trading Volume Ranking, 5,100,000 XNA For Grabs
1. Duration: 10:00 Aug 18, 2023 - 10:00 Aug 25, 2023 (UTC)
During the promotion, users who trade in the XNA/USDT market with a trading value > 200 USD equivalent of XNA can join the ranking. The top 100 users with the highest trading volume will share 5,100,000 XNA rewards. The specific reward distribution is as follows.
Reward per user (XNA)
Total reward (XNA)
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 XNA 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
(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.
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.
Aug 17, 2022