Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list NFT at 03:00 on October 13, 2021 (UTC), and launch “NFT Online Bonus: Deposit, Buy & Trade to Share $18,000 Worth of NFT” event. The details are as follows.
NFT Services
1. Deposit: 03:00 Oct 13, 2021 (UTC)
2. Withdrawal: 00:00 Oct 18, 2021 (UTC)
3. Trading pair: NFT/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Oct 13, 2021 (UTC)
Orders can be placed and canceled
6:50-07:00 Oct 13, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 Oct 13, 2021 (UTC)
About NFT
Website丨Explorer丨 Whitepaper
APENFT is aimed at becoming the ARK Funds in the NFT space to build a bridge between top-notch artists and blockchain, and to support the growth of native crypto NFT artists.
Core businesses of APENFT include: investing in top NFT platforms and artworks, incubating leading NFT artists to build a bridge between world-class artists and the NFT world; sponsoring galleries, organizing art exhibitions or publications, and setting up awards to support art creation and criticism; establishing art collections, etc.
APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the storage system Bittorrent File System (BTFS) to deliver the mission of registering world-class artworks as NFTs on the blockchain.
By applying blockchain technology into the NFT world, APENFT expands the use cases of blockchain. APENFT purchases well-known traditional and NFT artworks as underlying assets, and works to improve the NFT trading standard. It provides support to government agencies, universities, lawyers and industry elites in issuing policies that govern the healthy development of the industry.
NFT, as the sole token issued by APENFT, is the governance token for the APENFT ecosystem. NFT holders participate in the governance of APENFT by holding NFT tokens. Planned total supply is 999,990,000,000,000 NFT.
The details of “NFT Online Bonus: Deposit, Buy & Trade to Share $18,000 Worth of NFT” event are as follows:
Event 1: Deposit to share 1,000,000,000 NFT
1. Duration: 03:00 Oct 13, 2021 - 0:00 Oct 18, 2021 (UTC)
2. Rules: During the promotion, the rewards will be allocated based on your deposit amount as follows, first come first served.
Deposit Crypto |
|
Total Deposit Reward |
1,000,000,000 NFT |
Net Deposit 30,000,000 NFT |
Get 1,500,000 NFT |
The Upper Limit of Deposit Reward per Account |
15,000,000 NFT |
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 independent accounts, 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 the new coin and the service will be resumed afterward.
(7) CoinEx reserves all the rights of final explanation for the promotion.
Event 2: Buy to share 1,500,000,000 NFT
1. Duration: 7:00 Oct 13, 2021 - 0:00 Oct 20, 2021 (UTC)
2. Rules: During the promotion period, users with a net buying volume greater than 30,000,000 NFT are qualified to participate in the ranking. The top 50 users will share 1,500,000,000 NFT bonus.
The specific reward distribution is as follows:
Ranking |
Reward per User (NFT) |
Total Reward (NFT) |
1 |
200,000,000 |
200,000,000 |
2 |
150,000,000 |
150,000,000 |
3-5 |
100,000,000 |
300,000,000 |
6-10 |
50,000,000 |
250,000,000 |
11-50 |
15,000,000 |
600,000,000 |
4. Rules of participation:
(1) Net Buying= Buying - Selling - Withdrawal. 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 independent accounts, 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) CoinEx reserves all the rights of final explanation for the promotion.
Event 3: Trade to mine 2,500,000,000 NFT
1. Duration: 00:00 Oct 14, 2021 - 00:00 Oct 24, 2021 (UTC)
2. Rules of Participation
(1) Go to Trade-driven Mining event page and APPLY to join the promotion.
(2) During the promotion, make trades in NFT/USDT markets on CoinEx.
3. Rules of Mining
Token |
NFT |
Market |
NFT/USDT |
Total reward during promotion |
2,500,000,000 NFT |
Daily reward |
250,000,000 NFT |
The upper limit of per account per day |
25,000,000 NFT |
Requirement |
KYC verified accounts (Sub-accounts excluded) |
Reward allocation |
Based on the actual executed trading volume of all participated KYC accounts |
Example |
On Day 1 of the promotion, the actual executed trading volume of User A is 5,000 USD, while the total trading volume on CoinEx of the day is 500,000 USD and the daily reward is 100,000 CET. Therefore: The daily reward will be given away per day and allocated on the next day, calculated as above. |
4. Allocation: All prizes will be allocated to the spot accounts at 0:00 (UTC) on a daily basis.
5. Rules of Participation
(1) The Actual Trading volume = The accumulated value of each transaction converted into USD.
(2) Market Making accounts are NOT included in this event.
(3) Sub-accounts are NOT allowed to participate as independent accounts.
(4) During the event, should any cheating behavior be found, the user will be disqualified.
6. Risk Reminder
(1) CoinEx kindly reminds you that cryptocurrencies are innovative investment products with high investment risk due to price fluctuations. Please make sure to have a full understanding of digital assets before investing, rationally judge your investment ability, and make prudent decisions.
(2) The final participation is subject to successful registration on the promotion page.
(3) CoinEx reserves the right of final interpretation of this announcement.
Learn more about Trade-Driven Mining
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 a 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%, for market makers is 0.15%. VIP 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
Oct 13, 2021
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