Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list NAVX (NAVX Token) on Feb 8, 2024 (UTC). The details are as follows.
List Time
1. Deposit: 09:00 on Feb 8 (UTC)
2. Withdrawal: 09:00 on Feb 8 (UTC)
3. Trading pair: NAVX/USDT
4. Opening method: Call Auction
a. Call Auction
09:00-09:50 Feb 8 (UTC)
Orders can be placed and canceled
09:50-10:00 Feb 8 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Feb 8 (UTC)
About NAVX
Customization & Versatility
Customizable, extensible interest rate curve
Flexible asset support enabled by Sui Oracle partners and TWAP oracles
Smooth liquidation through DeepBook and AMM integrations
Leveraged Vaults
Automatic Leverage Vaults
Low-APR asset borrowing and highfarming rewards
Leveraged strategies on native APY assets(Liquid Staked Assets and LP tokens)
Isolation Mode
Secure listing of new assets with no protocol-wide risks
Novel assets can only collateralize with approval by NAVI Governance
Eliminates systemic risks
To celebrate the listing of the token, CoinEx is hosting a “NAVX Listing Bonus: Join Trade Volume Ranking to Share $3,000 NAVX” promotion. Details are as follows:
1. Duration:10:00 on Feb 8 - 10:00 on Feb 15, 2024 (UTC)
2. Rules:
During the promotion, users who trade in the NAVX/USDT market with a trading value > 200 USD equivalent of NAVX can join the ranking, and will share 20,000 NAVX rewards. The specific reward distribution is as follows.
|
Ranking |
Reward per user (NAVX） |
Total reward (NAVX) |
|
1 |
2,000 |
2,000 |
|
2 |
1,200 |
1,200 |
|
3-5 |
600 |
1,800 |
|
6-10 |
400 |
2,000 |
|
11-50 |
200 |
8,000 |
|
51-100 |
100 |
5,000 |
3. How to participate
(1) Apply for the promotion:
· Web: Click [Promotion] - [CoinEx Tradeboard] on the navigation bar, enter the promotion page and click [Apply Now].
· App: Tap [Tradeboard] on the [Home] page, enter the promotion page and tap [Apply Now].
(2) Trade at least 200 USD equivalent of NAVX to join the ranking.
(3) Reward allocation: The reward will be allocated in 7 business days after the promotion.
4. Notes of Participation
(1) The rewards will be shared by the ranking in Spot trading volume. Cumulative trading volume = Buying volume + Selling volume in all selected markets during the promotion. Please note that the trading volume of self-matching orders will not be counted.
(2) Market Making accounts are not included in this event.
(3) FAQ About Spot Trading Volume Ranking
About Automated Market Making (AMM)
AMM is supported for the NAVX/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. Learn about AMM >>
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
Feb 8, 2024
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