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_AVL (PRE_AVL) on Jan 27, 2025. Details are as follows:
New PreToken
Name: PRE_AVL
Time: 09:00, Jan 27, 2025 (UTC)
Services: Pre-minting, Spot Trading
Access
Web: Navigation Bar - Spot Trading - Pre-Token Trading
App: CoinEx App Homepage - More - Pre-Token Trading
About PRE_AVL
Avalon Labs is building the premier on-chain financial center for Bitcoin, aimed at revolutionizing the way Bitcoin interacts with global markets. The platform offers a wide range of innovative solutions, including BTC-backed lending, a Bitcoin-backed stablecoin, yield-generating accounts, and even a credit card.
PRE_AVL is a PreToken under Pre-Token Trading for predicting the spot price of AVL, which will fluctuate based on market expectations of AVL’s price movements following its listing on the Spot market. By pre-minting and trading PRE_AVL, users can predict the price movements of AVL following its listing on the spot market. The trading price of PRE_AVL does not directly affect the price of AVL, both are a reflection of market expectations.
About AVL
Total Supply: 1,000,000,000
Investment institutions: Framework Ventures led the $10M Series A funding round, with other investors (including early-stage investors) such as SNZ, Matrixport, ANTALPHA, UTXO, Summer Ventures, Comma 3 Ventures, GeekCartel, ViaBTC, Trinito, Presto, MARBLEX, SPARK, PAKA, Taiko, DOMO.
Token application: AVL is central to the Avalon Labs ecosystem, offering a range of powerful utilities including staking for rewards, governance rights through sAVL, and fee rebates on Avalon’s USDa and CeDeFi platforms.
Token distribution:
Community Incentive 30%
Airdrop 20%
Ecosystem and Treasury 16%
Team 10%
Advisor 4%
Initial Liquidity 2%
Investors 18%
How to Participate
1. If you assume the AVL spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and AVL 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 AVL 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_AVL is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_AVL
Ticker: PRE_AVL
Pre-minting time: 09:00 Jan 27, 2025 (UTC)
Pre-minting price: 3 USDT
Trading Info
Trading Start: 09:30 Jan 27, 2025 (UTC)
Trading Pair: PRE_AVL/USDT
Opening Method: Call Auction
(1) Call Auction
09:30 - 09:50, Jan 27, 2025 (UTC): Orders can be placed and canceled
09:50 - 10:00, Jan 27, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
10:00 Jan 27, 2025 (UTC): Trading available
AMM: PRE_AVL 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
Delivery time: The delivery will occur 4 hours after AVL is listed on the spot market. The delivery schedule may be adjusted if there are any changes to the listing time.
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
Redeeming Fee: 2%
Delivery Fee: 1%
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
Jan 27, 2025