Dear CoinEx Users,
Pre-token Trading is an innovative service that enables pre-minting (creating), trading, and delivering PreTokens by staking assets. CoinEx Pre-Token Trading will launch PRE_HOLD (PRE_HOLD) on Nov 25, 2024. Details are as follows:
New PreToken
Name: PRE_HOLD
Time: 8:00, Nov 25, 2024 (UTC)
Services: Pre-minting, Spot Trading
Access
Web: Navigation Bar - Spot Trading - Pre-Token Trading
App: CoinEx App Homepage - More - Pre-Token Trading
About PRE_HOLD
HoldCoin is a Telegram-based crypto asset management simulator game. The idea for Holdcoin was sparked by the tweets of CZ, the former CEO of Binance.
PRE_HOLD is a PreToken under Pre-Token Trading for predicting the spot price of HOLD, which will fluctuate based on market expectations of HOLD’s price movements following its listing on the Spot market. By pre-minting and trading PRE_HOLD, users can predict the price movements of HOLD following its listing on the spot market. The trading price of PRE_HOLD does not directly affect the price of HOLD, both are a reflection of market expectations.
How to Participate
1. If you assume the HOLD spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and hold until delivery, at which time the delivery rule is only applicable to position delivery.
- Final Profit = Position delivery amount* - Purchase cost
Position delivery amount = Held quantity * Delivery price - Delivery fee
2. If you assume the HOLD spot price may go down after its listing on the Spot market, you may need to first pre-mint PreTokens, sell them in the trading market, and wait for delivery. In this case, your PreTokens will apply to both position delivery and pre-minting delivery.
- Final Profit = Pre-minting delivery amount* + Position delivery amount* + Revenue from selling - Collateral cost
Pre-minting delivery amount = Staked amount - Final pre-minted quantity * Delivery price - Delivery fee
Position delivery amount = Held quantity * Delivery price - Delivery fee
Please note that the price of PRE_HOLD is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_HOLD
Ticker: PRE_HOLD
Pre-minting time: 8:00 Nov 25, 2024 (UTC)
Pre-minting price: 0.01 USDT
Trading Info
Trading Start: 8:30 Nov 25, 2024 (UTC)
Trading Pair: PRE_HOLD/USDT
Opening Method: Call Auction
(1) Call Auction
8:30 - 8:50, Nov 25, 2024 (UTC): Orders can be placed and canceled
8:50 - 9:00, Nov 25, 2024 (UTC): Orders can be placed but not canceled
(2) Trading
9:00 Nov 25, 2024 (UTC): Trading available
AMM: PRE_HOLD supports AMM, allowing any CoinEx user to become a market maker by providing liquidity and earn 50% of trading fees of the market, calculated on a daily basis. Learn more about AMM >>
Delivery Info
Delivery time: The delivery will occur 4 hours after HOLD is listed on the spot market. The delivery schedule may be adjusted if there are any changes to the listing time.
Delivery price: The delivery price is determined by calculating the average of 1-min candlestick closing price during the hour before delivery. CoinEx may adjust the final delivery price if any market manipulation is detected during the price calculation period. If the delivery price is calculated higher than 0.01 USDT, the delivery is capped at 0.01 USDT.
Fees
Redeeming Fee: 2%
Delivery Fee: 1%
Trading Fee: 0.3%
More Info
Risk Warning
Please ensure you fully understand the rules and the project of Pre-Token Trading before participating. Pre-Token Trading is highly speculative with significant price volatility and investment risks. We encourage you to make informed investment decisions based on your understanding of cryptocurrency and careful assessment of your investment capacity.
CoinEx Team
Nov 25, 2024