CoinEx Weekly Update, 14–20 September 2020

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 14–20 September.

ONESWAP NOW LIVE WITH MAJOR EVENTS

OneSwap launched ONES market with support for yield farming and order mining running simultaneously. All details can be found here.

CoinEx Launched ONES “Initial Trade Offering” (ITO) Event (To be suspended on September 21)

OneSwap, a decentralized trading platform strategically invested by CoinEx has been officially launched with an ITO event on the platform on September 18, 2020, along with its token ONES and.

TRADE ON CoinEx TO RECEIVE ONES REWARD

Users will get ONES as a reward for trading on CoinEx (no limit on tokens, trading pairs or markets). The total daily reward is 25,000 ONES, of which 20,000 ONES is for spot trading (including margin trading) and 5,000 ONES goes to perpetual contract trading. Only users who have submitted application for this event will be deemed as qualified participants. Click HERE to apply.

CoinEx Ambassadors Share to 10,000 USDT Rewards

To reward its ambassadors for their contributions towards CoinEx, ambassadors will share 10,000 USDT rewards in proportion to the number of ONES airdrops received by the invited users. More details here.

ITO TO BE SUSPENDED ON SEPTEMBER 21st

As a result of malicious behaviors by some users, the initial token offering (ITO) will be suspended on September 21, 2020. 00:00 (UTC). All ONES token initially made by users remains unchanged and rewards will be distributed accordingly while reopening time of ITO event will be announced later. Further details here.

CoinEx LISTING

To provide users with more trading and investment options, CoinEx listed YFII, CREAM, BOT and UNI on September 17 (UTC), with corresponding trading pairs of USDT, BTC as well as ETH. These tokens are centered around DeFi, and were listed after rigorous reviews.

About YFII
Website|Explorer
DFI.Money (YFII) is a DeFi platform which aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making.It was forked from yearn.finance (YFI), after yEarn Improvement Proposal #8 (YIP-8) which proposed to prolong the minting of the platform utility token YFI by another 2 months and with a weekly-halving emission curve was rejected.The YFII token is the native utility token of the DFI.Money platform. Users can earn it by contributing liquidity to DFI.Money’s aggregated liquidity pool, and use the token for platform governance.

About CREAM
Website|Explorer
CREAM. Finance aims to offer an open and inclusive financial system built on smart contracts. By building smart contracts and deploying them across EVM-compatible blockchains, CREAM aims to broaden the reach of this new financial system to a wider audience, allowing for inter-blockchain composability. CREAM. will first launch with an algorithmic money market protocol on Binance Smart Chain (BSC) together with the launch of the BSC mainnet.

About BOT
Website|Explorer
Bounce aims to provide different types of auctions for individuals and projects. BOT is the governance token of the bounce.finance platform and employs liquidity mining.

About UNI
Website|Explorer
Uniswap is a protocol for automatic token exchange on Ethereum. It is designed around ease of use, gas efficiency, censorship resistance, and zero rent.

Details

SYSTEM UPGRADE

Suspension of Perpetual Contract Trading

To provide users with better trading experience, CoinEx will carried out a system upgrade from 07:00 to 07:10 on September 18, 2020 (UTC), and the Perpetual Contract trading will be suspended. Get full details here.

TRX Deposit & Withdrawal Suspension and Resumption

As a result of the node maintenance of TRX project, CoinEx suspended the deposit and withdrawal of TRX, TRC20 USDT, BTT, JST, SUN at the designated time as required to secure the users’ assets, deposits and withdrawals have fully resumed after successful completion of maintenance.

CoinEx RESEARCH

RESEARCH REPORT ABOUT DODO

DODO accepts liquidity providers’ assets. It gathers funds near market prices to provide sufficient liquidity. In order to minimize counterparty risks for LPs, DODO dynamically adjusts market prices to encourage arbitrageurs to step in and stabilize LPs’ portfolios.

Full Research Report by Gamals Ahmed, CoinEx Business Ambassador

Important Services

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth 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.

Click here to register on CoinEx

Reach CoinEx on TELEGRAM | TWITTER | FACEBOOK | WEBSITE | API| DOWNLOAD APP|

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Making Crypto Trading Easier. Visit us: www.coinex.com | www.twitter.com/coinexcom | t.me/CoinExOfficialEN

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