Dear CoinEx Users,
Pre-token Trading is an innovative service that enables pre-minting (creating), trading, and delivering PreTokens by staking assets. CoinEx Pre-Token Trading will launch PRE_LIT (PRE_LIT) on Dec 24, 2025. Details are as follows:
New PreToken
1. Name: PRE_LIT
2. Time: 10:00, Dec 24, 2025 (UTC)
3. Services: Pre-minting, Spot Trading
Access
1. Web: Navigation Bar - Spot - Pre-Token Trading
2. App: CoinEx App Homepage - More - Pre-Token Trading
About PRE_LIT
Lighter is a decentralized trading platform and zero-knowledge rollup on Ethereum, designed for unmatched security, scale, and performance. It is the first exchange to offer verifiable order matching and liquidations, delivering best-in-class performance comparable to traditional exchanges. Built with custom ZK infrastructure, Lighter Core combines succinct execution proofs with Ethereum as the anchoring layer, ensuring users always maintain custody of their assets and can securely exit. The platform is engineered for high throughput and low latency, processing tens of thousands of orders per second while adhering to a publicly predefined set of rules, with all operations cryptographically proven and verified on Ethereum.
PRE_LIT is a PreToken under Pre-Token Trading for predicting the spot price of LIT, which will fluctuate based on market expectations of LIT's price movements following its listing on the Spot market. By pre-minting and trading PRE_LIT, users can predict the price movements of LIT following its listing on the spot market. The trading price of PRE_LIT does not directly affect the price of LIT, both are a reflection of market expectations.
About LIT
1. Total Supply: 1,000,000,000
2. Team Introduction:
Vladimir Novakovski – Founder & CEO
- Vladimir Novakovski is the Founder and CEO of Lighter. He is also an angel investor in Fabric Cryptography and Daimo. He previously worked in quantitative research and trading at Citadel, served as a Portfolio Manager at Graham Capital, and held engineering leadership roles at Addepar and Quora. He holds a Bachelor’s degree in Economics from Harvard University.
Emin Ayar – Engineering Team Lead
- Emin Ayar is the Engineering Team Lead at Lighter. He previously worked as a Software Engineer at Lunchclub and graduated from Çanakkale Onsekiz Mart University.
Ahmet Avcı – Team Lead
- Ahmet Avcı is the Platform Team Lead at Lighter (formerly Lunchclub). He previously worked as a Software Engineer at Lunchclub and Trendyol Group. He holds a Bachelor’s degree in Computer Science from Bilkent University and studied at KTH Royal Institute of Technology.
3. Investors: Lighter's investors include Founders Fund, Ribbit Capital, and Haun Ventures. The project raised $68 million in funding. The latest round was led by Peter Thiel’s Founders Fund.
How to Participate
1. If you assume the LIT spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and LIT until delivery, at which time the delivery rule is only applicable to position delivery.
- Final Profit = Position delivery amount* - Purchase cost
Position delivery amount = Held quantity * Delivery price - Delivery fee
2. If you assume the LIT spot price may go down after its listing on the Spot market, you may need to first pre-mint PreTokens, sell them in the trading market, and wait for delivery. In this case, your PreTokens will apply to both position delivery and pre-minting delivery.
- Final Profit = Pre-minting delivery amount* + Position delivery amount* + Revenue from selling - Collateral cost
Pre-minting delivery amount = Staked amount - Final pre-minted quantity * Delivery price - Delivery fee
Position delivery amount = Held quantity * Delivery price - Delivery fee
Please note that the price of PRE_LIT is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
1. Name: PRE_LIT
2. Ticker: PRE_LIT
3. Pre-minting time: 10:00 Dec 24, 2025 (UTC)
4. Pre-minting price: 10 USDT
Trading Info
1. Trading Start: 10:30 Dec 24, 2025 (UTC)
2. Trading Pair: PRE_LIT/USDT
3. Opening Method: Call Auction
(1) Call Auction
10:30 - 10:50, Dec 24, 2025 (UTC): Orders can be placed and canceled
10:50 - 11:00, Dec 24, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
11:00 Dec 24, 2025 (UTC): Trading available
AMM: PRE_LIT supports AMM, allowing any CoinEx user to become a market maker by providing liquidity and earn 50% of trading fees of the market, calculated on a daily basis. Learn more about AMM >>
Delivery Info
1. Delivery time: The delivery will occur 4 hours after LIT is listed on the spot market. The delivery schedule may be adjusted if there are any changes to the listing time.
2. Delivery price: The delivery price is determined by calculating the average of 1-min candlestick closing price during the hour before delivery. CoinEx may adjust the final delivery price if any market manipulation is detected during the price calculation period. If the delivery price is calculated higher than 10 USDT, the delivery is capped at 10 USDT.
Fees
1. Redeeming Fee: 2%
2. Delivery Fee: 1%
3. Trading Fee: 0.3%
More Info
Risk Warning
Please ensure you fully understand the rules and the project of Pre-Token Trading before participating. Pre-Token Trading is highly speculative with significant price volatility and investment risks. We encourage you to make informed investment decisions based on your understanding of cryptocurrency and careful assessment of your investment capacity.
CoinEx Team
Dec 24, 2025