Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list XEL (Xelis) on August 16, 2024. The details are as follows.
List Time
1. Deposit: 6:00 on August 16 (UTC)
2. Withdrawal: 6:00 on August 16 (UTC)
3. Trading pair: XEL/USDT
4. Opening method: Call Auction
a. Call Auction
8:00-8:20 August 16 (UTC)
Orders can be placed and canceled
8:20-8:30 August 16 (UTC)
Orders can be placed but cannot be canceled
b. Trading
8:30 August 16 (UTC)
5. Service support: XEL/USDT supports AMM, Spot Grid, and Auto-Invest Plan.
About XEL
It's using the famous programming language Rust, to be secure using its memory safe features and fast. Based on an event-driven system, its using asynchronous tasks for I/O (database, P2p, API).
It is extremely easy to monitor the network with the event system available for developers to be notified on any events happening on the network and to be able to react instantly to them.
Main Features:
- BlockDAG is enabled to improve the scalability and the security of the network. Instead of chosing between two chains during soft forks, BlockDAG merge both chains in one.
- Homomorphic Encryption is enabled using ElGamal to provide privacy on transactions (transferred amounts) and balances.
- ElGamal cryptosystem was chosen because it's a well known and studied encryption algorithm which has homomorphism features. ElGamal is fast and is used in combination with Ristretto255 curve to provide a good level of security (~128 bits of security). Homomorphic operations availables using ElGamal are addition/substraction between ciphertexts and/or plaintext and multiplication against plaintext value.
About Automated Market Making (AMM)
AMM is supported for the XEL/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 XEL/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 XEL/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
August 16, 2024
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