CoinEx will release “Ask, Bid & Mine CET” on September 1st, 2018 (HKT): Place limit orders to share 10% of daily targeted mining yield of CET.
Duration: From September 1st, 2018 (HKT) till“Trade-driven Mining” ends
Rewards: 10% of daily targeted mining yield of CET
Qualifications: LIMIT ORDERS worth MORE than 100 USD in all trading pairs
Rule of Credit calculation:
1. During promotion, CoinEx will rank all qualified LIMIT ORDERS by price and time precedence and take a random snapshot of the ranking every minute. According to the result of snapshot, top 30 of both Ask & Bid orders in ALL trading pairs will be credited accumulatively.
2. Limit orders of ALL trading pairs in Exchange are qualified for the promotion.
3. Rule: Based on the result of minutely snapshot, No.1 order of Ask & Bid will both be credited with 30 points. For the following orders, the credit decreases by 1 point each lower rank. In this manner, No.30 order of Ask & Bid will both be credited with 1 point.
Ask/Bid to mine CET: 10% of daily targeted mining yield
Everyday at 0:00 (UTC), CoinEx will rank all ACCOUNTS by their accumulated credits and allocate CET rewards to TOP 100 accounts in their Exchange wallet: https://www.coinex.com/my/wallet
No.1 Reward: Daily Reward * 10%
No.2~4 Reward: Daily Reward * 5%
No.5~10 Reward: Daily Reward * 3%
No.11~20 Reward: Daily Reward * 1.3%
No.21~50 Reward: Daily Reward * 0.8%
No.51~100 Reward: Daily Reward * 0.4%
Currently, the daily targeted mining yield for “Trade-driven Mining” is 10 MILLION CET so the daily reward for “Ask, Bid & Mine CET” is 10% of 10 MILLION CET - 1 MILLION CET.
About CoinEx: With its proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. CoinEx now supports multiple languages and is providing global trading services in nearly 100 countries/regions. CET is CoinEx’s native virtual token that is distributed in accordance with their trade-driven mining model; a disruptive customer offering that has arisen as a competitive force targeting market incumbents like Binance.
About CoinEx Token (CET): CoinEx Token (CET) is an official value-added services and privileges scheme based on CoinEx exchange platform. The token is issued on Ethereum ERC 20 protocol and will be launched on a public CoinEx Chain in the future. The total CET supply is fixed at 10 billion. CET represents exclusive services and privileges on CoinEx.com and can be used in diversified scenarios.
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About the writer: Ava Lauren
I write articles related to bitcoin and other cryptocurrencies. Email me