“Ask, Bid & Mine CET” Releases on Sept. 1st
Dear CoinEx users:
CoinEx will release “Ask, Bid & Mine CET” on September 1st, 2018 (UTC): Place limit orders to share 10% of daily targeted mining yield of CET.
Duration: From September 1st, 2018 (UTC) till“Trade-driven Mining” ends
Rewards: 10% of daily targeted mining yield of CET
1. LIMIT ORDERS in all trading pairs
2. Order price * Order amount ≥ 100 USD at snapshot
Attention: Due to the price fluctuation of base currency, your order price will be calculated against the real-time rate at the time of snapshot.
(Rule update: September 5th, 2018)
Rule of Credit calculation:
1. During the 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 the 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 the 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
Every day 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.
For details of mining yield reduction, please refer to the official announcement: https://www.coinex.com/announcement/detail?id=111
Please refer to Help Center for more instruction: What is Ask, Bid & Mine CET?
CoinEx reserves the rights of final explanation of the announcement.
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