Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list VLX at 8:00 on May 10, 2021 (UTC), and launch “VLX Listing Campaign: Trade VLX and Hold CET to Share 18,000 USD Worth of VLX” event. The details are as follows:
About VLX
Website丨Explorer丨White paper
Velas is an AI-powered Delegated Proof-of-Stake (AIDPOS) blockchain and open-source platform for decentralized applications. It combines Blockchain and innovative AI technologies to create a transparent, community-driven, and decentralized ecosystem of products and services.
The Velas team conducted fundamental research to better understand how AI could be implemented into the blockchain architecture to optimize the performance of the whole network. Based on the conducted research the team are designing and developing the AIDPoS consensus algorithm.
The main principle is to use AI to adapt the blockchain to current circumstances in the network, preserving the level of Transaction Per Seconds (processed and confirmed transactions) and resilience in the optimal ranges.
Token Velas (VLX ) is used for transactions, payments, fees and for supporting Proof-of-Stake consensus. Staking allows block producers (validators and their delegators) to provide transaction consensus and receive staking incentives for honest block production.
VLX Services
1. Deposit: 8:00 May 10 (UTC)
2. Withdrawal: 8:00 May 10 (UTC)
3. Trading pairs: VLX/USDT
4. Opening method: Call Auction
a. Call Auction
9:00-9:50 May 10, 2021 (UTC)
Orders can be placed and cancelled
9:50-10:00 May 10, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
10:00 May 10, 2021 (UTC)
The details of “VLX Listing Campaign: Trade VLX and Hold CET to Share 18,000 USD Worth of VLX” event are as follows:
Event 1: Trade to share 60,000 VLX
Duration: 8:00 May 10, 2021 - 0:00 May 20, 2021 (UTC)
During this period, with a trading volume 100 USD and above, user can participate in the ranking to share 60,000 VLX proportionally. The detailed rewards are shown as below.
|
Ranking |
Reward per user （VLX） |
Total rewards（VLX） |
|
1 |
5,000 |
5,000 |
|
2 |
3,000 |
3,000 |
|
3-5 |
1,500 |
4,500 |
|
6-10 |
1000 |
5,000 |
|
11-50 |
500 |
20,000 |
|
51-200 |
150 |
22,500 |
Event 2: Share 80,000 VLX according to CET holding
If met all the following conditions, user can get 50 VLX. CoinEx will give away VLX on a first-come-first-served basis. The details are as follows:
Condition 1: CET holding ≥ 1,000 (Holding volume from non-CoinEx address is also valid, please click HERE to bind non-CoinEx address);
Condition 2: Trading volume in the last 6 months ＞ 0, not limited to Spot trading, Margin trading
or Perpetual trading；
*Snapshot Time：0:00 May 10, 2021 (UTC)
Airdrop Time & Allocation:
10:00 May 10, 2021 - 10:00 May 11, 2021 (UTC). Please go to the event entrance on the navigation bar of the official website homepage to participate.
Notes:
1. Trading volume = Buying + Selling.
2. Market making accounts are not included in this event.
3. Sub-accounts are not allowed to participate as an independent account, and the deposit volume of sub-accounts and leveraged accounts are also calculated into main-accounts.
4. During the event, should any cheating behavior be found, the user will be disqualified.
5. Reward distribution: Event rewards will be issued within 3 day after the event.
6. CoinEx reserves the right of final interpretation of these events.
CoinEx Team
May 10, 2021
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