Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HERB (Herbcoin) on July 18, 2024. The details are as follows.
List Time
1. Deposit: 2:00 on July 18 (UTC)
2. Withdrawal: 2:00 on July 18 (UTC)
3. Trading pair: HERB/USDT
4. Opening method: Call Auction
a. Call Auction
8:00-8:20 July 18 (UTC)
Orders can be placed and canceled
8:20-8:30 July 18 (UTC)
Orders can be placed but cannot be canceled
b. Trading
8:30 July 18 (UTC)
5. Service support: HERB/USDT supports AMM, Spot Grid, and Auto-Invest Plan.
About HERB
In general use, herbs are plants with savory or aromatic properties that are used for flavoring and garnishing food, for medicinal purposes, or for fragrances.
Around the globe, the varieties’ purpose of using herbs leads to increase demand in the market especially to the rare herbs. Moreover, there are many steps in supply chain before reaching to consumers which take times and impact in market price.
Herbcoin is created based on Bitcoin, Novacoin, and Blackcoin technology, and to be used in specific eco-system aim to adopt in Herb market related and also allow producers and consumers around the globe can contact each other directly through the eco-system. The platform would be help eliminate the intermediaries, cut unnecessary cost which result in decreasing the price of the product for end
consumer, and increase rare herbs more accessible to everyone. In additional, the users can earn more benefit from the ecosystem in DeFi part.
Herbcoin's goal is to create a global marketplace with cryptocurrency payment option to remove currency conversion costs, reach farmers and customers beyond country borders and decrease the overall costs even more. Herbcoin aims to engage key partnerships such as universities, medical institutions, farmer, marketplaces etc.
to get involve in supply chain and ecosystem. This innovative to traditional Herb market would bring positive impact in the smart way. Herbcoin is created based on real business and back-up by value of the business itself. This means the value of the coin relates with business value directly. Herbcoin can be exchanged to products, medical & wellness services and earn more Herbcoin from DeFi functions.
The details of the “Join Trading Volume Ranking, $8,000 HERB For Grabs” promotion are as follows.
1. Duration: 10:00 July 18 - 10:00 July 24, 2024 (UTC)
2. Selected Coin: HERB
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 HERB/USDT market with a trading value ≥ 100 USD equivalent of HERB can join the ranking, and will share the rewards. The specific reward distribution is as follows.
| Ranking | Reward per user (HERB) | Total reward (HERB) |
| 1 | 9,000 | 9,000 |
| 2 | 5,000 | 5,000 |
| 3 | 3,000 | 3,000 |
| 4-10 | 1,500 | 10,500 |
| 11-20 | 800 | 8,000 |
| 21-50 | 400 | 12,000 |
| 51-100 | 200 | 10,000 |
| 101-200 | 100 | 10,000 |
| Qualified | Share the remaining reward according to the trading volume | 12,500 |
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. Please note that the trading volume of self-matching orders will not be counted.
(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, such as batch registration and self-dealing, the user will be disqualified.
(5) FAQ About Spot Trading Volume Ranking
About Automated Market Making (AMM)
AMM is supported for the HERB/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 >>
About Spot Grid
Spot Grid is supported for the HERB/USDT market. Spot Grid is a trading strategy suitable for volatile markets. It helps you capture profits in market fluctuations by automatically executing buy low and sell high within a certain market range 24 hours a day. Learn about Spot Grid >>
About Auto-Invest Plan
Auto-Invest Plan is supported for the HERB/USDT market. CoinEx Auto-Invest Plan is a trading strategy that helps you automatically accumulate crypto assets via pre-set investment and recurring cycles. It has the advantages of automatic execution, convenience, and friendly entry. With a minimum of 1 USDT, you can make stable investments and realize wealth growth. Learn about Auto-Invest Plan >>
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 18, 2024
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