CoinEx Weekly Recap, 10–16 May 2021
Dear CoinEx users, to keep you updated each week, we will share with you a recap of all the exciting events of the previous week. Below are major events that occurred in the ecosystem over the 10–16 May 2021.
CoinEx Chain will be upgraded to CoinEx Smart Chain (CSC), a brand new chain that supports smart contract, and multi-chain DEX OneSwap will be the first project on CSC, as OneSwap’s governance token, ONES, will be issued on CSC through cross-chain. Therefore, CoinEx presents to you an exclusive promotion of “Lock & Stake CET to mine 500,000 ONES”.
To provide more trading options, after rigorous reviews, CoinEx will list SRK at 8:00 on May 14, 2021 (UTC), and launch “SRK Listing Campaign: Trade SRK and Hold CET to Share 18,000 USD Worth of SRK” event.
To provide more trading options, after rigorous reviews, CoinEx will list VLX at 8:00 on May 10, 2021 (UTC), and launch “VLX Listing Campaign: Trade VLX and Hold CET to Share 18,000 USD Worth of VLX” event.
The Internet Computer is formed by an advanced decentralized protocol called ICP (Internet Computer Protocol) that independent data centers around the world run to combine the power of individual computers into an unstoppable seamless universe where internet native software is hosted and run with the same security guarantees as smart contracts. It is integrated with Internet standards such as DNS, and can server user experiences directly to Web browsers and smartphones.
PlatON, initiated and driven by the LatticeX Foundation, is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network, with “computing interoperability” as its core feature. By building a computing system assembled by Verifiable Computing, Secure Multi-Party Computing, Zero-Knowledge Proof, Homomorphic Encryption and other cryptographic algorithms and blockchain technology, PlatON provides a public infrastructure in open source architecture for global artificial intelligence, distributed application developers, data providers and various organizations, communities and individuals with computing needs.
BakerySwap is the all-in-one DeFi platform that provides both AMM (Automatic Market Making) and NFT Marketplace solutions in one place. It aims to be the reference place for all DeFi users’ needs, by providing three main services. First, the AMM where users can exchange tokens, stake them, or do liquidity farming. Second, the NFT Marketplace allows participants to mint or trade artworks and other gamified NFT items, providing key features, like bidding or auction. And finally, the IDO Launchpad, that provides initial coin offerings from selected quality projects to early investors.
O3 Swap is a proprietary cross-chain aggregation protocol built by O3 Labs. The mission of O3 Swap is to provide consumers access to cryptocurrency-based, financial services, allowing them to exchange, or ‘swap’, various digital assets within their O3 Wallet.
Metal is a blockchain-based system utilizing Proof-of-Processed-Payments to identify users, rewarding them for converting legacy fiat currency into cryptocurrency. It is a system similar to bitcoin but with a user-friendly interface and front-end that is similar to Venmo, Square or PayPal.
To further protect the security of users’ assets and improve the level of platform security & risk control, CoinEx partnered with SlowMist and released the Bounty Program with a maximum reward of 5000 $USDT for high-risk vulnerabilities!
This integration will allow CoinEx users from Kazakhstan to buy BTC，BCH，ETH，LTC，USDT，USDC，TRX directly with Visa/Mastercard.
On May 11, CoinEx announced the latest repurchase data: 4,298,591.91 units of CET has been repurchased every day, for the unit price of US$0.095355, and the market value of repurchases is US$409,893.86. May 7 sees the daily market value of repurchases exceed US$1.94 million, which is the first time when all the above three figures simultaneously set a record high since April 11 last year when CoinEx carried out the daily repurchase policy.
By inviting friends to register with referral link or code and trade on CoinEx, the referrer can receive a corresponding proportion of the transaction fee generated by the referee. The reward will be settled in CET according to the exchange rate, and allocated to the referrer’s account the next day. After upgrade, the referee can also share commission fees accordingly. To learn more about referral rewards, please visit: https://www.coinex.com/activity/refer
On May 11, CoinEx announced the latest repurchase data: 4,298,591.91 units of CET has been repurchased every day, for the unit price of US$0.095355, and the market value of repurchases is US$409,893.86. May 7 sees the daily market value of repurchases exceed US$1.94 million, which is the first time when all the above three figures simultaneously set a record high since April 11 last year when CoinEx carried out the daily repurchase policy. Up to now, 5,623,172,837.39 units of CET have been burned, and currently 4,188,995,443.01 units of CET are in circulation. So far, CET has basically achieved full circulation.
As part of our commitment to making CoinEx into a world leading crypto exchange and providing a better trading experience for our users, we have decided to list CET/USDT trading pair in Margin Trading at 18:30 May 13, 2021 (UTC+8).
To promote healthy development of CoinEx ecosystem, further realize our vision of building a world-class crypto asset trading platform, and for your convenience of keeping up with the latest blockchain market, we have upgraded trading section on CoinEx.
XAYA is an open-source project maintained by Autonomous Worlds Ltd. The history of XAYA can be traced back to 2011 when its core team members participated in the Namecoin project who later became the voluntary leader of the project in 2013. Then the team built Huntercoin, the world’s first blockchain game.With XAYA, games can be open sourced, and run normally around the clock without a server. Users can mine in games, and innovate with the help of new economy and game types.
Financial Derivatives with No Delivery Date: All Things You Need to Know about CoinEx Perpetual Contracts
In the crypto world, we often hear about perpetual contract trading. Unlike spot trading that follows the traditional trading principle (that is to buy at a lower price and sell at a higher price), perpetual contract trading refers to transactions where buyers and sellers agree to trade certain assets at a specified price at a certain time in the future. In this article you can learn more about CoinEx Perpetual Contracts.
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns one of the largest BTC mining pool, which is also the largest of BCH mining, in the world.
CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.