Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list PROPS (Propbase) on May 9, 2024. The details are as follows.
List Time
1. Deposit: 08:00 on May 9 (UTC)
2. Withdrawal: 08:00 on May 9 (UTC)
3. Trading pair: PROPS/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:50 May 9 (UTC)
Orders can be placed and canceled
08:50-09:00 May 9 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 May 9 (UTC)
About PROPS
Propbase is offering fractional ownership of curated properties with guaranteed rental yield.
A Web3 tokenized real estate platform with a mission to disrupt the property industry and transform real estate investment into a modern liquid asset class by democratizing real estate ownership, allowing everyone the ability to enjoy the benefits of property investment.
Users can participate in purchasing fractional shares of the property value. Once the property has been fully funded, token ownership is distributed to market participants and can be traded on the P2P Marketplace.
All yield generated by the property will be distributed utilizing smart contracts on a daily basis, proportional to the token amount, sent to the native wallet directly in the app.
About Automated Market Making (AMM)
AMM is supported for the PROPS/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.
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
May 9, 2024
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