CoinEx Weekly Update, 4–10 January 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 4–10 January 2021.
Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based datatokens.
Through Ocean Protocol, publishers can monetize their data while preserving privacy and control, whereas consumers can now access datasets that were previously unavailable or difficult to find. These datasets can be discovered on the Ocean Market, where they can be purchased and later consumed or sold.
The SKALE Network is a high-throughput, low-latency, configurable byzantine fault tolerant, elastic blockchain network built interoperably with Ethereum. The initial and primary use case for this network will be in form of elastic sidechains for the Ethereum Blockchain. In this context it can be described as an ‘Elastic Sidechain Network’.
CoinEx has completed the distribution of new COVER tokens and compensation at 08:00 on January 7, 2021(UTC), and will support COVER deposit and withdrawal service soon.
Issued in January 2018, CoinEx Token (CET) is a value-added services & privileges scheme based on CoinEx’s business ecosystem. CET can be used in various scenarios and the total supply is fixed at 10 billion.
In order to improve the index stability and prevent market risks, CoinEx will adjust the components of XRPUSD index at 03:00 on January 8,2021(UTC).
CoinEx will support the Symbol (XYM) airdrop program and opt-in on behalf of users holding XEM on CoinEx. The snapshot of XEM holders will be taken at the specified time and XYM tokens will be distributed proportionally. And the specific arrangements will be announced separately according to the actual situation, please stay concerned.
If you’ve held XEM on CoinEx, during the swap, you do not need to do anything particularly. If you want to have your XEM swapped effortlessly, you may also deposit XEM to CoinEx before the snapshot.
Ambassador program update
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 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.
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