Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list IOTX at 7:00 on July 8, 2021 (UTC), and launch “IOTX Online Bonus: Deposit & Trade IOTX to Share 200,000 IOTX” event. The details are as follows:
IOTX Services
1. Deposit: 07:00 July 8 (UTC)
2. Withdrawal: 00:00 July 14 (UTC)
3. Trading pairs: IOTX/USDT; IOTX/BTC
4. Opening method: Call Auction
a. Call Auction
07:00—10:50 July 8, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 July 8, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
11:00 July 8, 2021 (UTC)
About IOTX
Website丨Explorer丨White paper
IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT), which brings autonomous device coordination to the masses by “connecting the physical world, block by block”. IoTeX's mission is to create an open ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. IoTeX platform uniquely combines blockchain, secure hardware confidential computing to enable trusted data from trusted devices for use in trusted DApps.
IOTX has multiple uses with the goal of enabling trusted and transparent interactions between various entities in the IoTeX Network, including Delegates, stakeholders, product builders, service providers, and consumers. Ultimately, the IOTX coin and complementary tokenomics establish economic and reputational incentives that ensure the IoTeX Network is maintained in a decentralized fashion and “Powered by IoTeX” products are effectively serviced.
IoTeX has an open & fully decentralized Delegates Program, anyone who meets the minimum requirements is welcome to join. Delegates are elected by token holders to represent the entire IoTeX network by maintaining consensus, spreading project awareness, organizing community-wide initiatives, and more. In return for their services of maintaining the network, all Delegates are rewarded with IOTX. The average annual staking rewards are 8%.
The details of “IOTX Online Bonus: Deposit & Trade IOTX to Share 200,000 IOTX” event are as follows:
Event 1: Deposit to share 100,000 IOTX
1. Duration: 7:00 July 8, 2021 - 0:00 July 13, 2021 (UTC)
2. Rules: During the promotion, the rewards will be allocated based on your deposit amount as follows, first come first served.
| Deposit Coin | IOTX |
| Total Deposit Reward | 100,000 IOTX |
| Participation | KYC Verified Users(Sub account excluded) |
| Net Deposit 5,000 IOTX | Get 200 IOTX |
| The Upper Limit of Deposit Reward per Account | 2,000 IOTX |
3. Allocation: The reward will be allocated in 3 days after the promotion.
4. Rules of participation:
(1) Net Deposit = Deposit - Withdrawal. During these events, any operation related to Red Packet feature and Inter-user Transfer will be deemed as withdrawal.
(2) Inter-user Transfer volume will not be calculated into Deposit volume.
(3) Market Making accounts are not included in this event.
(4) 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.
(5) During the event, should any cheating behavior be found, the user will be disqualified.
(6) During Deposit Events, CoinEx has suspended the withdrawal of new coin and the service will be resumed afterwards.
Event 2: Trade to share 100,000 IOTX
1. Duration: 11:00 July 8, 2021 - 00:00 July 19, 2021 (UTC)
2. Rules: During the promotion period, users with transaction volume (buying volume + selling volume) greater than 100USD equivalent of IOTX are qualified to participate in the ranking and share 100,000 IOTX. The specific reward distribution is as follows：
|
Ranking |
Reward per User (IOTX) |
Total Reward (IOTX) |
|
1 |
10000 |
10000 |
|
2 |
6000 |
6000 |
|
3-5 |
3000 |
9000 |
|
6-10 |
2000 |
10000 |
|
11-50 |
1000 |
40000 |
|
51-100 |
500 |
25000 |
3. Allocation: The reward will be allocated in 3 days after the promotion.
4. Rules of participation:
(1) Trading volume = Buying + Selling - Withdrawal. During these events, any operation related to Red Packet feature and Inter-user Transfer will be deemed as withdrawal.
(2) Inter-user Transfer volume will not be calculated into Deposit volume.
(3) Market Making accounts are not included in this event.
(4) 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.
(5) During the event, should any cheating behavior be found, the user will be disqualified.
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. 50% 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
CoinEx Team
July 6, 2021
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