Dear CoinEx users:
Nervos Network (CKB) will soon be available on CoinEx Accelerator (Second Acceleration) and its Accelerator info display will start from Aug 14, 2019. The details are as follows:
1. Display duration: Aug 14 - 12:00 Aug 19, 2019 (UTC)
2. Acceleration duration: 12:00 - 12:30 Aug 19, 2019 (UTC)
About Secondary Acceleration
1. Primary ID verification is required for secondary acceleration but there is no limit for countries or regions.
2. Via fixed-price limit order, qualified users can buy Nervos Network (CKB) via Secondary market in Exchange.
Nervos Network (CKB)
Website | Whitepaper | More info
The Nervos Network (CKB) is an open source public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today.
The Nervos Network represents the entire ecosystem of Nervos and is a collection of protocols, layer 2's and public blockchains underpinned by the Nervos CKB and CKByte token.A core design principle at Nervos is that layer 2 solutions such as side-chains, plasma chains and state channels are the best way to scale a blockchain system. Nervos utilizes layer 2 solutions that bring nearly unlimited transaction capabilities and minimal transaction cost to a layer 1 blockchain that's designed to be secure, permissionless and decentralized.
Nervos Network (CKB) Secondary Acceleration
1. Total: 50,000,000 CKB
2. Proportion: 5,000 shares, accelerating 10,000 CKB per share
3. Acceleration coin: USDT
4. Acceleration price: 1 CKB = 0.01 USD
Nervos Network (CKB) requirements
1. Complete primary ID verification before 12:00 Aug 19, 2019 (UTC+8)
2. Sign the acceleration agreement and NO quiz required
3. Holding requirements: Based on their Min. CET holdings in 5 days before acceleration or USDT holdings 1 hour before acceleration, users can get extra quota up to 25+25 shares.
For instance, the Min. CET holding of User A in 5 days before acceleration is 100,000; Meanwhile, his/her USDT holding 1 hour before acceleration is 999. In this case, the total quota of User A will be 15+0=15 shares.
|Min. CET holdings in 5 days before acceleration||Acceleration quota|
|10,000 ≤ X < 50,000||5|
|50,000 ≤ X < 100,000||10|
|100,000 ≤ X < 200,000||15|
|200,000 ≤ X < 500,000||20|
|USDT holdings 1 hour before acceleration||Acceleration quota|
|1,000 ≤ Y < 2,000||5|
|2,000 ≤ Y < 5,000||10|
|5,000 ≤ Y < 10,000||15|
|10,000 ≤ Y < 20,000||20|
|Y ≥ 20,000||25|
1. CET Holdings: CoinEx will start recording your CET holdings at the time of info display and calculate the 5-day Min. CET holdings at 12:00 Aug 14, 2019 (UTC). To guarantee your acceleration shares, please make sure to have enough CET during the required period.
2. USDT Holdings: CoinEx will start recording your USDT holdings at 11:00 Aug 19, 2019 (UTC). To guarantee your acceleration shares, please make sure to have enough USDT during the required period.
1. To participate in this acceleration, please make sure to have your account verified and meet the holdings requirement within the required period.
2. The Accelerator is ONLY available for Main account; Sub accounts are NOT qualified for the promotion.
3. To avoid drastic change of price, CoinEx will confirm the purchase rate of all supported coins 24 hours before acceleration.
Nervos Network (CKB) Services
1. Opening method:
Nervos (CKB) will be tradable after the completion of secondary acceleration. To reduce the risk of drastic market fluctuation due to lack of liquidity, the Accelerator will adapt Call Auction as its opening method this time and the details are as follows:
1) During Call Auction, users may place orders freely and these orders will remain unexecuted in the market, displayed in the trading volume priority principle for real-time price reference.
2) To avoid price manipulation, Call Auction is scheduled in 2 phases: In Phase 1, orders can be placed and cancelled while in Phase 2, users may continue to place orders and these orders cannot be cancelled.
3) An opening price will be matched by the completion of Call Auction and users may trade freely in the market.
2. Opening time:
1) Call Auction Phase 1:
2019-08-19 12:30 - 2019-08-19 12:45 (UTC)
Orders can be placed and cancelled
2) Call Auction Phase 2:
2019-08-19 12:45 - 2019-08-19 13:00 (UTC)
Orders can be placed but NOT cancelled
3) Trading: 13:00 Aug 19, 2019 (UTC)
3. Trading pair: CKB/USDT
4. Deposit and withdrawal services:
After the mainnet of Nervos Network (CKB) is launched, CoinEx will support CKB deposit and withdrawal as soon as possible. Please stay tuned.
We are careful and strict when it comes to selecting projects for Accelerator yet due to the drastic fluctuation and uncertainty of cryptocurrency market, we strongly suggest that all users evaluate the risks you can handle before participation.
CoinEx reserves the rights of final explanation for rules of “Accelerator”.
Aug 12, 2019