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_XPL (PRE_XPL) on Aug 27, 2025. Details are as follows:
New PreToken
1. Name: PRE_XPL
2. Time: 09:00, Aug 27, 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_XPL
Plasma is a high-performance Layer 1 blockchain purpose-built to support global stablecoin transactions with zero-fee USD₮ transfers, customizable gas tokens, and confidential payments. It offers deep liquidity from launch, full EVM compatibility, and integrated stablecoin infrastructure including card issuance, on/off ramps, and risk compliance tools. With a native, trust-minimized Bitcoin bridge, Plasma enables seamless BTC movement into its EVM environment, aiming to scale stablecoin adoption through reliable, low-cost, and confidential payment solutions.
PRE_XPL is a PreToken under Pre-Token Trading for predicting the spot price of XPL, which will fluctuate based on market expectations of XPL's price movements following its listing on the Spot market. By pre-minting and trading PRE_XPL, users can predict the price movements of XPL following its listing on the spot market. The trading price of PRE_XPL does not directly affect the price of XPL, both are a reflection of market expectations.
About XPL
1. Total Supply: 10,000,000,000
2. Investment institution: The funding round was led by prominent investors including Bitfinex, Framework Ventures, and Peter Thiel's Founders Fund.
3. Team Introduction:
-
CEO - Paul Faecks
https://www.linkedin.com/in/paul-faecks-540895a4/?locale=en_US
-
CTO - Hans Walter Behrens
4. Token Distribution:
- PUBLIC SALE: 10.00%
- ECOSYSTEM AND GROWTH: 40.00%
- TEAM: 25.00%
- INVESTORS: 25.00%
How to Participate
1. If you assume the XPL spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and XPL 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 XPL 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_XPL is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
1. Name: PRE_XPL
2. Ticker: PRE_XPL
3. Pre-minting time: 09:00 Aug 27, 2025 (UTC)
4. Pre-minting price: 3 USDT
Trading Info
1. Trading Start: 09:30 Aug 27, 2025 (UTC)
2. Trading Pair: PRE_XPL/USDT
3. Opening Method: Call Auction
(1) Call Auction
09:30 - 09:50, Aug 27, 2025 (UTC): Orders can be placed and canceled
09:50 - 10:00, Aug 27, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
10:00 Aug 27, 2025 (UTC): Trading available
AMM: PRE_XPL 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 XPL 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 3 USDT, the delivery is capped at 3 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
Aug 27, 2025