About Pre-token Trading
Pre-token Trading is an innovative service that enables pre-minting (creating), trading, and delivering PreTokens by staking assets. It allows users to earn profits before popular new tokens or major events are officially released. Through Pre-token Trading, users can pre-mint and trade PreTokens flexibly, and deliver them at maturity in prediction markets.
Note: PreTokens are not genuine tokens of any project. Pre-minted and held PreTokens will be settled with collateral (USDT) at a fair price, and users will receive the collateral (USDT) upon delivery.
How Does Pre-Token Trading Work?
| Roles | What to do |
| Pre-minters |
Make predictions on the outcome of popular assets not yet listed or a hot topic event, and choose to create a PreToken for one side. For example, to predict the result of the US presidential election, an issuer might stake assets to issue a "PRE_TRUMP" PreToken. The steps are as follows:
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| Holders | After the PreToken trading starts, all users (including pre-minters) can buy or sell them in the spot market of these PreTokens, similar to regular spot trading procedures. |
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CoinEx Delivery |
When a Pre-Token Trading project concludes, CoinEx will initiate the delivery process. Meanwhile, all pre-minting, redeeming, and trading services will be terminated. The system then captures a snapshot of all user assets and performs delivery at a fair price. |
How to use Pre-token Trading?
1. Visit CoinEx's official website (https://www.coinex.com), log in to your account, and select [Pre-Token Trading] under [Spot] at the top navigation.
2. On the “Pre-Token Trading” page, select either [Pre-mint] or [Trade] for the corresponding token as needed in the project list.
3. Select [Pre-mint], enter the pre-minting amount, read the "CoinEx Pre-Token Trading Service Agreement", tick the disclaimer checkbox, and click [Confirm].
4. Confirm the staking value and the pre-minting value, then click [Confirm] to complete the Pre-mint.
5. After Pre-mint, you can view the Pre-token and operation details on the "Project Details" page. You can also redeem and trade in the Spot Market at any time.
6. Pre-token can also be transferred via Inter-user Transfer. You can also view your PreToken assets by clicking [Spot Account] > [Assets].
How to Redeem?
1. Go to [Pre-Token Trading] > [Project Details] page and click [Redeem].
2. Enter the redeeming amount or click [Redeem All], then click [Confirm] to complete the redemption.
About Delivery
1. Delivery Rules
| Roles | Rules of Delivery | |
| Pre-minters |
"Pre-Minting Delivery" is conducted for pre-minted PreTokens Pre-Minted Delivery Amount = Staked Amount - Final Pre-Minted Amount * Delivery Price) - Delivery Fee A 1% delivery fee will be charged based on the final delivery price. The delivery amount will be returned to your spot account. |
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| Holders |
"Position Delivery" is conducted for PreToken holders Position Delivery Amount = Position Amount * Delivery Price - Delivery Fee A 1% delivery fee will be charged based on the final delivery price, and the delivery amount will be returned to your spot account. |
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Note: CoinEx may deliver PreTokens early in the following situations:
(1) The OTC market price of the original project (on which the PreToken project is based) is significantly higher than its pre‑minting price on CoinEx.
(2) Unexpected events occur, or the results of the event are announced earlier than expected.
PreTokens delivered early may be reopened for trading later. Please refer to official announcements for the latest updates.
2、Delivery process
(1) Before the delivery: CoinEx will announce the delivery time and related data on the project details page in advance.
(2) During delivery: Pre-minting and redemption will be stopped, and the project will be delisted for delivery. Pending orders will be canceled, and the project in the Pre-Token market will enter the “Delivery” status, with the Pre-mint and holding amounts settled at the Delivery price.
(3) Delivery completed: The delivery amount will be transferred to the spot account. CoinEx will notify you of the delivery status via email and in-site message. You can check the related transaction records in [Assets] > [Spot].
Risk Warning
1. High volatility risk: PreToken prices experience extreme fluctuations, especially when outcomes of new projects or events are unknown, potentially leading to significant losses.
2. Liquidity risk: Since the trading does not involve genuine tokens of any project, some PreTokens may face liquidity issues.
3. Market manipulation risk: Small-scale or emerging Pre-Token markets are more fragile to manipulation by large traders, potentially mispricing market expectations.
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