Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HIVP (HiveSwap) on July 4, 2024. The details are as follows.
List Time
1. Deposit: 8:00 on July 3 (UTC)
2. Withdrawal: 8:00 on July 3 (UTC)
8. Trading pair: HIVP/USDT
4. Opening method: Call Auction
a. Call Auction
8:00-8:20 July 4 (UTC)
Orders can be placed and canceled
8:20-8:30 July 4 (UTC)
Orders can be placed but cannot be canceled
b. Trading
8:30 July 4 (UTC)
About HIVP
Fully Realized interoperability of liquidity for Bitcoin network assets: Fully covered assets on Bitcoin's Layer 1, Bitcoin's interoperability layer, and Bitcoin's layer 2, with the MAP Protocol interoperability layer as the starting point, enabling any swap of assets across the three layers.
Liquidity Interoperability between BTC and EVM Ecosystems: Hiveswap supports the peer-to-peer interoperability of assets from mainstream EVM chains such as Ethereum, BNB Chain, Polygon, Klaytn, Conflux, NEAR, Tron, etc., enabling the swap between assets on the Bitcoin network and EVM ecosystem assets.
Supporting the swap of inscription assets with various types of assets: Enabling inscription assets to have sufficient liquidity in the decentralized world.
Supporting the swap between BTC and other types of assets: Supporting liquidity pools for BTC-related assets and other assets, to meet the decentralized liquidity exchange needs of BTC asset holders.
The details of the “Join Trading Volume Ranking, $9,500 HIVP For Grabs” promotion are as follows.
1. Duration: 10:00 July 5 - 10:00 July 11, 2024 (UTC)
2. Selected Coins: HIVP
3. Participation requirement
All CoinEx users who applied on the promotion page can participate (Market Maker excluded).
4. Rules
During the promotion, users who trade in the HIVP/USDT market with a trading value > 100 USD equivalent of HIVP can join the ranking, and will share the rewards. The specific reward distribution is as follows.
|
Ranking |
Reward per user (HIVP) |
Total reward (HIVP) |
|
1 |
50,000 |
50,000 |
|
2 |
30,000 |
30,000 |
|
3 |
20,000 |
20,000 |
|
4-10 |
10,000 |
70,000 |
|
11-20 |
5,000 | 50,000 |
|
21-50 |
2,500 | 75,000 |
|
51-100 |
1,500 | 75,000 |
|
101-200 |
800 |
80,000 |
|
Qualified |
Share the remaining reward according to the trading volume |
50,000 |
5. Reward allocation: The reward will be allocated in 7 business days after the promotion.
6. 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) Sub-accounts are not allowed to participate as independent accounts, and their trading volume will be included in the main accounts.
(4) During the event, should any cheating behavior be found, the user will be disqualified.
(5) FAQ About Spot Trading Volume Ranking
About Automated Market Making (AMM)
AMM is supported for the HIVP/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
July 4, 2024
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