Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list FSN at 03:00 on October 14, 2021 (UTC), and launch “FSN Online Bonus: Deposit, Buy & Trade to Share $12,000 Worth of FSN” event. The details are as follows.
FSN Services
1. Deposit: 03:00 Oct 14, 2021 (UTC)
2. Withdrawal: 00:00 Oct 21, 2021 (UTC)
3. Trading pair: FSN/USDT FSN/BTC
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Oct 14, 2021 (UTC)
Orders can be placed and canceled
06:50-07:00 Oct 14, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 Oct 14, 2021 (UTC)
About FSN
Website丨Explorer丨 Whitepaper
FUSION, An interoperable ecosystem for financial innovations. The team have prepared FUSION for the crypto-financial era. FUSION will connect various values by establishing a layer of control management on top of various tokens through a distributed management of the token's private keys and by providing ports both for central organizations and for external data sources and in this way solve the key problem of insufficiency in interoperability of the current Internet of Values.
FUSION is inclusive. It integrates the cryptocurrencies that exist today and that will exist in the future, connecting centralized and decentralized organizations, accommodating authentication mechanisms and anonymous trading mechanisms and introducing on-chain data and off-chain data. FUSION is restructuring.
FUSION’s vision is to establish a platform-level public chain in the crypto-financial era that as a key infrastructure for value transfer can connect all kinds of values, provide complete financial functions, communicate diverse communities and tokens, and bridge the centralized and decentralized organizations to bring the Internet of Values as early as possible.
In order to realize the vision of the inclusive cryptofinance platform, the FUSION
project has designed the token, Fusion (FSN), and designed the Fusion distribution structure to make the project sustainable. Main uses of FSN:Staking,Providing liquidity,Sharing interest,Necessary Gas.
The details of “FSN Online Bonus: Deposit, Buy & Trade to Share $12,000 Worth of FSN” event are as follows:
Event 1: Deposit to share 4,000 FSN
1. Duration: 03:00 Oct 14, 2021 - 00:00 Oct 21, 2021 (UTC)
2. Rules:
|
Deposit coin |
|
|
Total deposit reward |
2,000 + 2,000 FSN |
|
1. Cumulative deposit |
Users with a cumulative deposit of no less than 200 FSN will receive a one-time reward of 10 FSN per account, and a total of 2000 FSN will be given out on a first-come, first-served basis. |
|
2. Early-bird deposit |
The top 100 users who fill in the account information on the official form and have a single deposit of no less than 200 FSN will each receive a one-time early-bird reward of 20 FSN. |
|
Notice |
Each account is limited to ONE deposit reward. |
|
Upper limit of reward per account |
20 FSN |
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: Trade to share 6,000 FSN
1. Duration: 07:00 Oct 14, 2021 - 00:00 Oct 21, 2021 (UTC)
2. Rules:
|
Trading coin |
FSN |
|
Markets |
FSN/USDT、FSN/BTC |
|
Total trading reward |
6,000 FSN |
|
How to participate |
During the promotion, after filling in the account information on the official form, the top 300 users with a cumulative transaction value of no less than $100 equivalent FSN will have a share of 6,000 FSN transaction reward based on the proportion of their cumulative transaction value. |
|
Min. cumulative trading vol. per account |
No less than $100 equivalent FSN |
|
Total rewarded users and upper limit of reward |
First 300 qualified traders. Each account can get up to 200 FSN trading airdrop rewards at most. |
|
Requirement |
Sub accounts and Market Makers excluded |
|
Upper limit of reward per account |
200 FSN |
3. Allocation: The reward will be allocated in 3 days after the promotion.
4. 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.
Event 3: Buy to share 10,000 FSN
1. Duration: 07:00 Oct 14, 2021 - 00:00 Oct 21, 2021 (UTC)
2. Rules: During the promotion period, users with a net buying volume greater than 500 FSN are qualified to participate in the ranking. The top 100 users will share 10,000 FSN bonus.
The specific reward distribution is as follows：
|
Ranking |
Reward per User (FSN) |
Total Reward (FSN) |
|
#1～3 |
400 |
1,200 |
|
#4～10 |
300 |
2,100 |
|
#11～20 |
200 |
2,000 |
|
#21～30 |
100 |
1,000 |
|
#31～60 |
70 |
2,100 |
|
#61～100 |
40 |
1,600 |
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.
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 official form.
(3) CoinEx reserves the right of final interpretation of this announcement.
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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