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_BIO (PRE_BIO) on Dec 30, 2024. Details are as follows:
New PreToken
Name: PRE_BIO
Time: 9:00, Dec 30, 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_BIO
BIO's mission is to accelerate biotechnology by giving global communities of patients, scientists, and biotech professionals the ability to collectively fund, build, and own tokenized biotech projects and intellectual property (IP).
The team behind BIO helped create Molecule, a tokenization platform for early-stage biomedicine, and VitaDAO, the largest decentralized community for longevity science. Building on these successes, BIO is designed to catalyze an on-chain scientific economy through decentralized funding, incentives, and liquidity.
About BIO
Total Supply: 3,320,000,000
Token application: BIO is a governance utility token for the governance of the BIO protocol. BIO protocol governance may include decisions on the curation of BioDAOs joining the BIO Network, Terms for participation in BioDAOs and their IP token sales, Support for and discounts on BioDAO health products/services, Meta-governance within member BioDAOs, BIO emissions, treasury allocations, and BIO protocol upgrades.
Token distribution: Community: 56%, Investors: 13.6%, Core Contributors: 21.2%, Advisors: 4.2%, Molecule: 5%
Investment institution: Binance lab, 1kx, etc.
PRE_BIO is a PreToken under Pre-Token Trading for predicting the spot price of BIO, which will fluctuate based on market expectations of BIO’s price movements following its listing on the Spot market. By pre-minting and trading PRE_BIO, users can predict the price movements of BIO following its listing on the spot market. The trading price of PRE_BIO does not directly affect the price of BIO, both are a reflection of market expectations.
How to Participate
1. If you assume the BIO spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and BIO 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 BIO 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_BIO is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_BIO
Ticker: PRE_BIO
Pre-minting time: 9:00 Dec 30, 2024 (UTC)
Pre-minting price: 3 USDT
Trading Info
Trading Start: 9:30 Dec 30, 2024 (UTC)
Trading Pair: PRE_BIO/USDT
Opening Method: Call Auction
(1) Call Auction
9:30 - 9:50, Dec 30, 2024 (UTC): Orders can be placed and canceled
9:50 - 10:00, Dec 30, 2024 (UTC): Orders can be placed but not canceled
(2) Trading
10:00 Dec 30, 2024 (UTC): Trading available
AMM: PRE_BIO 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 BIO 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 3 USDT, the delivery is capped at 3 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
Dec 30, 2024