BRG Listing Campaign: Deposit&Trade BRG and Hold CET to Share 40,000 USD Worth of BRG

Dear CoinEx users,

To provide more trading options, after rigorous reviews, CoinEx will list BRG and support Automated Market Making (AMM) at 8:00 on May 7, 2021 (UTC), and launch “BRG Listing Campaign: Deposit&Trade BRG and Hold CET to Share 40,000 USD Worth of BRG” event. The details are as follows:

BRG Services
1. Deposit: 8:00 May 7 (UTC)
2. Withdrawal: 8:00 May 10  (UTC)
3. Trading pairs: BRG/USDT, BRG/BTC
4. Opening method: Call Auction
     a. Call Auction
         9:00-9:50 May 7, 2021 (UTC)                              
         Orders can be placed and cancelled
         9:50-10:00 May 7, 2021 (UTC)
         Orders can be placed but cannot be cancelled
     b. Trading
         10:00 May 7, 2021 (UTC)

About BRG
Website丨Explorer丨White paper
Bridge is the first ever dedicated public oracle technology on TRON network which is developed to provide ability of accessing external data for ordinary users’ smart contracts. BRG are now working on connecting TRON and Binance Smart Chain. Bridge between TRON and BSC will come soon.

Because making smart contracts to be externally aware and capable of accessing off-chain resources is a vital aspect, if they are expected to be substituted with manual and digital agreements in use today. The features due which Bridge oracle system shows off, are consisted of following clauses:
· The ability to access external data using various form of APIs and parsing helpers such as JSON, XML, HTML.
· The ability to add extra various data sources such as BTFS, WolframAlpha, Random, etc.
· The ability to add various kinds of proof to prove the authenticity of the injected data.
·  The ability to develop a decentralized oracle service upon current infrastructure.
· The ability to add dedicated oracle data carriers for special enterprises in order to sell dedicated raw data.
· The ability to accept two various payment methods including native coin of TRON blockchain network (TRX) and project related token (BRG) with a special discount.

The details of the “BRG Listing Campaign: Trade BRG and Hold CET to Share 40,000 USD Worth of BRG” event are as follows:
Event 1: Deposit to share 70,000 BRG
Duration: 8:00 May 7, 2021 - 0:00 May 10, 2021 (UTC)
During this period, with a net deposit of every 500 BRG, user can get a reward of 20 BRG (max. 200 BRG per user). CoinEx will give away 70,000 BRG in total on a first-come-first-served basis.

Event 2: Trade to share 80,000 BRG
Duration: 8:00 May 7, 2021 - 0:00 May 16, 2021 (UTC)
During this period, with a trading volume of 100 USD BRG and above, user can participate in the ranking to share 80,000 BRG proportionally. The detailed rewards are shown as below. 

Event 3: Share 100,000 BRG according to CET holding
If met all the following conditions, user can get 50 BRG. CoinEx will give away BRG 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 7, 2021 (UTC)
Airdrop Time & Allocation:
10:00 May 7, 2021 - 10:00 May 8, 2021 (UTC). Please go to the event entrance on the navigation bar of the official website homepage to participate.

What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more

Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%. VIP and market makers will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.

Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 60% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.

2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.

3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.

Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses


Notes:
1. Net Deposit= Deposit - Withdrawal. Inter-user Transfer volume will not be calculated into Deposit volume. Trading volume = Buying + Selling. During these events, any operation related to Red Packet feature and Inter-user Transfer will be deemed as withdrawal.
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 6, 2021

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