Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list PICA (Picasso) on Mar 14, 2024. The details are as follows.
List Time
1. Deposit: 08:00 on Mar 14 (UTC)
2. Withdrawal: 08:00 on Mar 14 (UTC)
3. Trading pair: PICA/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:50 Mar 14 (UTC)
Orders can be placed and canceled
08:50-09:00 Mar 14 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 Mar 14 (UTC)
About PICA
Picasso is the infrastructure layer pioneering interoperable DeFi solutions, with its native token PICA. It is built on the Kusama network, and as such exists within the wider DotSama ecosystem. Picasso is highly secure, efficient, and natively interoperable due to its use of a parachain, and its proprietary technology stack.
Governance mechanisms for Picasso are intended to ensure the growth and adaptation of the ecosystem in alignment with the wants and needs of the Picasso community. Therefore, all token holders are able to participate, with their votes being weighted by stake. Moreover, any alteration to Picasso must be approved by a referendum decided by PICA token holders.
About Automated Market Making (AMM)
AMM is supported for the PICA/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Mar 14, 2024
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