Dear CoinEx users,
To provide more trading options, after rigorous reviews, CoinEx will list EBEN at 07:00 on January 25, 2022 (UTC), and launch “EBEN Online Bonus: Trade EBEN & Hold CET, $8,000 Worth of EBEN For Grabs” promotion. The details are as follows.
EBEN Services
1. Deposit: 07:00 Jan 25, 2022 (UTC)
2. Withdrawal: 07:00 Jan 25, 2021 (UTC)
3. Trading pair: EBEN/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-10:50 Jan 25, 2022 (UTC)
Orders can be placed and canceled
10:50-11:00 Jan 25, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Jan 25, 2022 (UTC)
About EBEN
Website丨Explorer | Whitepaper
BenSwap is a decentralized exchange (DEX) on the SmartBCH chain. Its goal is to become one of the leading DEXs on SmartBCH, as well as a one-stop service provider for all projects. BenSwap has features as below.
AMM: The transaction fee in Benswap (SmartBCH) is the lowest, most of which is rewarded to the liquidity providers. Total fee rate is 0.2% (0.15% to liquidity and 0.05% to BenSwap Treasury).
Yield Farming: Users can provide liquidity for their favorite tokens and stake LPs to earn EBEN on BenSwap (on the "Farms" page).
Staking: Users can also stake their favorite tokens directly on BenSwap to earn EBEN (on the "Pools" page).
ChartPro: The dynamic price can be tracked and analyzed on BenSwap ChartPro. ChartPro only supports SEP20 tokens that add liquidity on BenSwap DEX. For any token with sufficient liquidity, at least one trading record on BenSwap DEX will be automatically listed on ChartPro.
IBO: IBO is an automated tool for decentralized fundraising. This feature aims to help teams to raise fund and kickstart their projects. Once an IBO campaign is created, there will be a public link for everyone to see the campaign and participate. To update IBO info, picture, and adding to the market need BenSwap review and approval.
BenLock: BenLock is a token locker module to time-lock tokens and showcase to others for security purposes. Each locker has a contract address and everyone can check the locker status on the BenLock explorer. BenLock is the first locker module on SmartBCH that works with deflationary tokens and has a low fee. It gives BenSwap LP tokens slight advantage over others as the fee is waived and the LP detail is displayed.
Green Ben (EBEN) is the utility and governance token of BenSwap (SmartBCH). Users need EBEN to use the features on BenSwap (SmartBCH). Holders can share the appreciation and be able to vote and make decisions for the project. BenSwap hopes that with a reduced emission rate and deflationary mechanics, a positive impact on the price would be made.
The details of “EBEN Online Bonus: Trade EBEN & Hold CET, $8,000 Worth of EBEN For Grabs” event are as follows:
Event 1: Learn to Earn 10,000 EBEN
1. Duration: 08:00 on Jan 25 - 08:00 on Jan 26, 2022 (UTC)
2. Rules:
Airdrop Type | Lucky Airdrop |
Total Reward | 10,000 EBEN |
Single Reward | 10 EBEN |
To Be Rewarded | 1,000 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, 1,000 lucky numbers will be drawn systematically and randomly. Users who win the airdrop will get a 10 EBEN 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 EBEN
1. Duration: 11:00 Jan 25, 2022 - 00:00 Jan 31, 2022 (UTC)
2. Rules: During the promotion period, the transaction volume (buying volume + selling volume) is greater than CoinEx users with 100 USD equivalent of EBEN can participate in the ranking and share 8,300 EBEN, the remaining eligible users will share 1,700 EBEN according to the transaction volume. The specific reward distribution is as follows:
Ranking |
Reward per user (EBEN) |
Total reward (EBEN) |
1 |
1,000 |
1,000 |
2 |
800 |
800 |
3-5 |
500 |
1,500 |
6-10 |
200 |
1,000 |
11-50 |
100 |
4,000 |
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
Jan 25, 2022
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