Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list FACT (FACT0RN) on Jan 5, 2024 (UTC). The details are as follows.
List Time
1. Deposit: 07:00 on Jan 5 (UTC)
2. Withdrawal: 07:00 on Jan 5 (UTC)
3. Trading pair: FACT/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Jan 5 (UTC)
Orders can be placed and canceled
09:50-10:00 Jan 5 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Jan 5 (UTC)
About FACT
FACT0RN is a new blockchain, which secures transactions with PoW but replaces hashing with integer factorization. FACT0RN aims to incentivize computational problems that have been open for research, advancing knowledge in mathematics and cryptography. Factoring integers into their prime factors is a challenging problem, and FACT0RN aims to use it as a PoW mechanism.
The security of systems like RSA relies on the difficulty of factoring large integers.The FACT0RN blockchain encourages communities interested in factoring to participate and submit numbers to be factored. The blockchain also introduces a deadpool for factoring numbers, allowing users to pay FACT0RN coins to submit numbers for factoring. The FACT0RN blockchain will reward miners for finding strong semiprimes through integer factorization. The blockchain's design is driven by principles of security, game theory, economics, and heuristics.
The FACT0RN block header is 1744 bits long and includes fields like Prev Hash, Txn Merkle Tree, Nonce, nBits, offset, Version, and Time. Key characteristics of the FACT0RN blockchain include a target block time of 30 minutes, a soft block size limit of 20 MB, and a hard block size limit of 80 MB. The block reward function is based on the cost of the Number Field Sieve (NFS) for factoring numbers of a certain size. The reward function increases exponentially as the size of the factored semiprime grows.
About Automated Market Making (AMM)
AMM is supported for the FACT/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
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 final interpretation of this announcement.
CoinEx Team
Jan 5, 2024
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