Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list RTM at 07:00 on November 24, 2021 (UTC), and launch “RTM Online Bonus: Trade RTM & Hold CET, $35,000 Worth of RTM For Grabs” promotion. The details are as follows.
1. Deposit: 07:00 Nov 24, 2021 (UTC)
2. Withdrawal: 07:00 Nov 24, 2021 (UTC)
3. Trading pairs: RTM/USDT, RTM/BTC
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Nov 24, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Nov 24, 2021 (UTC)
Orders can be placed but cannot be canceled
11:00 Nov 24, 2021 (UTC)
Raptoreum is a POW (Proof Of Work) blockchain and asset platform that will feature NFT/NFTS, Smart Contracts, and futures. It is being developed to address problems seen on other blockchains as well as bring in new and innovative ways of addressing these problems. Raptoreum development began in November of 2018 and was originally a code fork of RVN (Ravencoin). After multiple bugs, exploits, and security concerns with RVN, the Raptoreum team decided to drop the Ravencoin codebase and move to a code fork of Dash (August 2020).
Raptoreum is now a code fork of Dash and inherits current and optionally future features such as chain locks, oracles, etc. It is further expanding capabilities by adding the following features:
A) The deployment of a unique asset layer.
B) The option to lock X amount of coins or assets into a special transaction. Coins are unlocked at a block number of choice or timestamp.
C) Trustless on-chain transfers of assets and native coins VIA Smart Contracts.
D) Integrating, developing and deploying a VM protocol that would allow for smart contracts in 4 major programming languages as opposed to the situation with Ethereum being limited to solidity.
These additional features open up the power and ease of use of Raptoreum’s features to a greater variety of industries under the Distributed Application umbrella. DAPP's are a critical part of driving widespread adoption as recently seen with DEFI and Raptoreum hopes to help provide further alternatives and possibilities for DAPP developers particularly in the field of opening up new programming languages for DAPP and contract development.
Raptoreum created an algorithm code named GhostRider. This algorithm was designed to keep ASICS and FPGAs off of the network by making entry cost-prohibitive and risky. This allows anybody to mine Raptoreum with their CPU and earn a reasonable amount of RTM coins. Raptoreum will also be mineable with GPU when a miner has been released.
The total supply of RTM coin is 21 billion. It’s used for network fees and staking rewards. In order to make the emission of the coins smooth and unique, the block reward decreases slowly every full moon.
The details of “RTM Online Bonus: Trade RTM & Hold CET, $35,000 Worth of RTM For Grabs” event are as follows:
Event 1: Learn to Earn 400,000 RTM
1. Duration: 08:00 Nov 23, 2021 - 08:00 Nov 26, 2021 (UTC)
|Airdrop Type||Lucky Airdrop|
|Total Reward||400,000 RTM|
|Single Reward||100 RTM|
|To Be Rewarded||4000 Participants|
1. KYC verified accounts (Sub-accounts excluded)
3. How to participate
(1) Go to the promotion page: Read and study the project introduction carefully.
(2) Claim lucky number: Users who meet the participation requirements and answer all questions correctly can claim a lucky number during the promotion. When the promotion is ended, 4,000 lucky numbers will be drawn systematically and randomly. Users who win the airdrop will get a 100 RTM airdrop reward.
(3) Allocation: After claiming, your airdrop reward will be systematically frozen in the Spot account for 3 days. Please refer to the promotion page for the specific time.
Click HERE to learn more about CoinEx Airdrop
(1) Sub-accounts are not qualified to participate as independent accounts.
(2) During the event, should any cheating behavior be found, the user will be disqualified.
(3) CoinEx reserves the right of final interpretation of these events.
Event 2: Trade to Share 400,000 RTM
1. Duration: 00:00 Nov 25 - 00:00 Dec 5, 2021 (UTC)
2. Mining Rules
Total reward during promotion
The upper limit of per account per day
KYC verified accounts (Sub-accounts excluded)
Rules of Participation
1. The Actual Trading volume = The accumulated value of each transaction converted into USD.
3. Yield Rules
(1) Yield Calculation
During the mining, the reward is based on the actual executed trading volume of all participants.
For 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:
On Day 1, the proportion of User A’s actual executed trading volume = 5,000 / 500,000 = 1%
On this day, the reward for User A = 100,000 * 1% = 1,000 CET
The daily reward will be given away per day and allocated on the next day, calculated as above.
(2) Yield Allocation
Yields of the day will be allocated to your spot account at 0:00 (UTC) on the next day. You can check the yielding amount and your yield history on the promotion page.
4. Mining Instructions
(1) Go to the promotion page and apply for the promotion.
(2) Trade in RTM/USDT or RTM/BTC markets (buy and sell).
(3) Congrats! You've joined the RTM Trade-Driven Mining. You can go back to the promotion page to view the details of the current effective executed value on CoinEx, your est. effective executed value and your est. daily yields(your final yield is subject to the actual distribution).
For more instructions, please go to FAQ About Trade-Driven Mining (Spot)
(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.
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.
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
Nov 23, 2021