CoinEx has launched its latest mining event, CoinEx Mining: Lock CET to Share 80,000 SWCH, offering users the opportunity to earn rewards by locking CET. To maximise potential earnings, CoinEx Mining introduces an Early Lock Period from 8:00 Apr 16 - 12:00 Apr 17, 2025 (UTC), where participants who lock CET before the official mining phase starts can benefit from additional incentives.
Event Details:
- Early Lock: 8:00 Apr 16 - 12:00 Apr 17, 2025 (UTC)
- Mining: 12:00 Apr 17 - 12:00 Apr 22, 2025 (UTC)
- Total Reward Pool: 80,000 SWCH
- KYC Verification: Required for participation
About Calculation and Settlement
- Reward calculation: The system takes multiple random snapshots of your locked assets and the total assets locked by all users every hour. At every o’clock, the average value of these snapshots from the previous hour is used to calculate your share of locked assets, and mining rewards are distributed based on this share. Your hourly reward = your average hourly locked amount / total average hourly locked amount * total hourly reward.
- Settlement: When the event status is displayed as "Ended," your total mining rewards will be settled and distributed to your Spot Account in 1 hour.
The Significance of CET in CoinEx Ecosystem and CoinEx VIP
CET, the CoinEx platform token, plays an important role in the CoinEx ecosystem. Circulating within the CoinEx ecosystem, it incentivizes users and drives active participation within the ecosystem. Holding CET grants users various benefits, fostering active engagement and also increasing liquidity. Users can become a CoinEx VIP with Just 2,000 CET. CoinEx VIP members gain access to numerous exclusive perks, including:
- Fee Discounts: CET can be used to reduce trading fees, with combined VIP and CET discounts for even lower rates.
- Referral Bonuses: VIP members enjoy enhanced referral rewards, up to 40%.
- Exclusive Access: VIPs gain priority access to new projects, preferential rates, and more.
VIP Levels and Discounts Starting from VIP 1 (2,000 CET) to VIP 5 (1,000,000 CET), users enjoy progressively higher discounts on trading fees. For more details on CET and the updated VIP privileges, visit CoinEx VIP Privileges and About CET.
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.
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