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_MEGA (PRE_MEGA) on Oct 24, 2025. Details are as follows:
New PreToken
1. Name: PRE_MEGA
2. Time: 09:00, Oct 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_MEGA
MegaETH is an upcoming Ethereum Layer 2 blockchain designed for scalability and speed, targeting over 100,000 transactions per second with near-instant finality. Fully EVM compatible, it allows seamless smart contract deployment. The project is backed by prominent investors, including Ethereum co-founder Vitalik Buterin, and plans a mainnet launch in late 2025. Notable innovations include a new memory-efficient state trie, write-optimized storage, JIT bytecode compilation, unique parallel execution strategies, fast state sync protocol, and a streaming EVM for 1-ms block times. MegaETH’s ecosystem supports DeFi, gaming, and NFTs with low fees subsidized by a yield-bearing stablecoin.
PRE_MEGA is a PreToken under Pre-Token Trading for predicting the spot price of MEGA, which will fluctuate based on market expectations of MEGA's price movements following its listing on the Spot market. By pre-minting and trading PRE_MEGA, users can predict the price movements of MEGA following its listing on the spot market. The trading price of PRE_MEGA does not directly affect the price of MEGA, both are a reflection of market expectations.
About MEGA
1. Total Supply: 10,000,000,000
2. Team Introduction:
Yilong Li - Co-founder and CEO
- Ph.D. in Computer Science from Stanford University; Former Senior Software Engineer at Runtime Verification Inc.
Lei Yang - Co-founder and CTO
- B.S. from Peking University; M.S. and Ph.D. in Computer Science from MIT; Research focused on efficient consensus and synchronization in distributed systems
Shuyao Kong - Co-founder and CBO
- MBA from Harvard Business School; Former Head of Global Business Development at ConsenSys
3. Investors: Dragonfly Capital, Vitalik Buterin, Joseph Lubin, Maven 11, Wintermute, Flow Traders, Robot Ventures, IMC Trading, Guy Young from Ethena, Max Resnick from Anza, an undisclosed trader from Jump Trading, Bankless Ventures, First Commit, Hash3, Comfy Capital, Kosmos Ventures, and over 100 angel investors.
How to Participate
1. If you assume the MEGA spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and MEGA 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 MEGA 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_MEGA is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
1. Name: PRE_MEGA
2. Ticker: PRE_MEGA
3. Pre-minting time: 09:00 Oct 24, 2025 (UTC)
4. Pre-minting price: 1.5 USDT
Trading Info
1. Trading Start: 09:30 Oct 24, 2025 (UTC)
2. Trading Pair: PRE_MEGA/USDT
3. Opening Method: Call Auction
(1) Call Auction
09:30 - 09:50, Oct 24, 2025 (UTC): Orders can be placed and canceled
09:50 - 10:00, Oct 24, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
10:00 Oct 24, 2025 (UTC): Trading available
AMM: PRE_MEGA 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 MEGA 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 1.5 USDT, the delivery is capped at 1.5 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
Oct 24, 2025