Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list NABOX at 03:00 on December 1, 2021 (UTC), and launch “NABOX Online Bonus: Trade NABOX & Hold CET, $8,000 Worth of NABOX For Grabs” promotion. The details are as follows.
NABOX Services
1. Deposit: 03:00 Dec 1, 2021 (UTC)
2. Withdrawal: 03:00 Dec 1, 2021 (UTC)
3. Trading pair: NABOX/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Dec 1, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Dec 1, 2021 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Dec 1, 2021 (UTC)
About NABOX
Website丨Explorer | Whitepaper
Nabox was originally created in 2018 as an incubated project by the NULS Foundation. Originally built to serve users of NULS, Nabox' userbase has seen continuous growth as the NULS ecosystem develops. The vision of DeFi and blockchain is to have projects interact with each other without barriers. However, with the myriad of different chains each vying for dominance, we are starting to see fragmentation in the industry as a whole. Our mission is to create a revolutionary cross-chain wallet built for Web 3.0. With Nabox, users are able to manage their assets including transfer and make signatures across various chains, including Ethereum, BSC, Heco, NULS etc for now, forming the foundation of the cross-chain capabilities of Nerve Network, another NULS-incubated project. With the Nabox plugin, users are able to seamlessly utilize their digital assets across various chains at the click of a button. With this, we hope to be the enabler to push BSC, Heco, OKExChain, NULS and other higher performance blockchains in becoming more closely integrated to the Ethereum Layer 2 infrastructure.
NABOX is useable across various chains and is the governance token of Nabox. It can be used for voting on product features as well as various other scenarios. NABOX tokens can be transferred across Nabox wallets with 0 gas fees through Nerve Network. It can be used for various rewards and incentives for encouraging engagement with Nabox, accelerating mainstream adoption of cryptoassets. Maximum supply of NABOX is 1,000,000,000,000.
The details of “NABOX Online Bonus: Trade NABOX & Hold CET, $8,000 Worth of NABOX For Grabs” event are as follows:
Event 1: Learn to Earn 15,000,000 NABOX
1. Duration: 08:00 Dec 1, 2021 - 08:00 Dec 3, 2021 (UTC)
2. Rules
| Airdrop Type | Lucky Airdrop |
| Total Reward | 15,000,000 NABOX |
| Single Reward | 20,000 NABOX |
| To Be Rewarded | 750 Participants |
| Requirements |
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, 750 lucky numbers will be drawn systematically and randomly. Users who win the airdrop will get a 20,000 NABOX 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
4. Notes
(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 this promotion.
Event 2: Trade to share 10,000,000 NABOX
1. Duration: 07:00 Dec 1, 2021 - 00:00 Dec 8, 2021 (UTC)
2. Rules:
During the promotion period, users with a transaction volume (buying volume + selling volume) greater than 100 USD equivalent of NABOX can participate in the ranking and share 10,000,000 NABOX. The specific reward distribution is as follows：
|
Ranking |
Reward per user（NABOX） |
Total reward |
|
1 |
2,000,000 |
2,000,000 |
|
2 |
1,000,000 |
1,000,000 |
|
3-5 |
500,000 |
1,500,000 |
|
6-10 |
300,000 |
1,500,000 |
|
11-50 |
100,000 |
4,000,000 |
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) 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. 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) CoinEx reserves the right of final interpretation of this promotion.
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
Dec 1, 2021
Follow us Facebook | Twitter | Reddit
Contact us Support | Telegram
About us Website | Announcements | APP