CoinEx Weekly Update, 8–14 March 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 8–14 March 2021.
Haven Protocol is similar to an offshore bank where users can create private tokens that represent stable and volatile assets, including commodities and fiat currencies (such as USD). The protocol is based on Monero, which focuses on secure, private and untraceable transactions.
Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. The nodes in the Marlin network, called Metanodes, operate the MarlinVM which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
Arweave aims to make information permanence sustainable. Arweave describes itself as a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to store data forever. As a collectively owned hard drive that never forgets, Arweave aims to allow users to remember and preserve valuable information, apps, and history indefinitely. By preserving history, it prevents others from rewriting it.
CoinEx Ongoing Events
CoinEx AMA Recap
On March 11th 2021, CoinEx hosted an AMA with Klever CEO Dio Ianakiara. Dio answered questions from the CoinEx community and talked about Klever’s ecosystem, user base, Klever products and development plans.
Swipe is a fiat channel for digital assets where users can trade various digital assets in real time with fiat money. It is designed to “make digital assets the mainstream through the establishment of fiat channels.” Swipe wallet allows users to transfer, store and withdraw crypto assets. Through Swipe’s Visa debit card, users can consume digital assets in their wallets in the form of fiat money.
CoinEx has supported Conflux (CFX) mainnet upgrade, and the address format of CFX will be changed from hex address (starting with “0x”) to base32 address (starting with “cfx:”). To ensure our user’s assets security, CoinEx has made the following arrangements.
CFX Deposit & Withdrawal:
1. Closes on: March 11, 2021 (UTC)
2. Estimated time to reopen: Depends on the upgrade progress.
Based on the Disclosure of CET Circulation and Future Applications, we will repurchase and burn CET every day with 50% of our transaction fee income, and burn all the CET repurchased quarterly at the end of each quarter, until the total supply of CET reduces to 3 billion. Currently, the total amount of CET is 4.618 billion. According to users’ feedback and after careful consideration, when the “3 billion” target achieved, we will continue to use 20% of our fee income for CET repurchase and burning until CET is completely burned.
SPICE/USDT, SAI/USDT, NNB/USDT
Time for listing:
9:00 March 10, 2021 (UTC)
SPICE/CET, SAI/CET, NNB/CET
Time for delisting:
7:00 March 10, 2021 (UTC)
To improve the liquidity of our market and the development of our ecosystem, we will support AMM for 54 markets listed on CoinEx on March 11, 2021 (UTC).
Starts at: 7:00 March 11, 2021 (UTC)
ACM/USDT, ARRR/USDT, BCN/USDT, BKK/USDT, COMBO/USDT, DERO/USDT, DGTX/USDT, DMD/USDT, DXD/USDT, EMC/USDT, EOSC/USDT, ERG/USDT, GEN/USDT, GNO/USDT, GRIN/USDT, HNS/USDT, HYDRO/USDT, IFT/USDT, JRT/USDT, KDA/USDT, KEEP/USDT, KLV/USDT, KTON/USDT, KUN/USDT, LC/USDT, NMC/USDT, NNB/USDT, NRG/USDT, OLT/USDT, ONES/USDT, PGN/USDT, PHNX/USDT, PNK/USDT, RAD/USDT, REVV/USDT, SAI/USDT, SERO/USDT, SIMPLE/USDT, SPICE/USDT, SPOK/USDT, STAKE/USDT, SUMO/USDT, ULT/USDT, WINGS/USDT, XDAG/USDT, YUSRA/USDT, ZER/USDT, ELA/USDT, CMT/USDT, SYS/USDT, VSYS/USDT, VTHO/USDT, XVG/USDT, PIVX/USDT, XHV/USDT.
The NEM community have launched the latest snapshot time for the Symbol (XYM) airdrop program for XEM holders. The snapshot for the airdrop will take place at the XEM block height of 3,105,500 at 2021–03–12 00:50 AM (UTC).
CoinEx will take a snapshot of XEM tokens held by CoinEx users at the above time, and will distribute XYM tokens at a ratio of 1 XEM = 1 XYM.
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.