CoinEx has launched its latest mining event, Lock CET or BTC to Share 400,000 BABYLON, offering users the opportunity to earn rewards by locking CET and BTC.
Event Highlights
To maximise potential earnings, CoinEx Mining introduces an Early Lock Period from 10:00 Apr 10 to 8:00 Apr 12, 2025 (UTC), where participants who lock CET or BTC before the official mining phase starts can benefit from additional incentives.
- Early Lock Period: 10:00 Apr 10 - 8:00 Apr 12, 2025 (UTC)
- Official Mining Period: 8:00 Apr 12 - 8:00 Apr 15, 2025 (UTC)
- Total Reward Pool: 400,000 BABYLON
- KYC Verification: Required for participation
CET Pool Details:
BTC Pool Details:
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.
About BABYLON
The Babylon project is dedicated to designing security protocols to expand Bitcoin's capabilities in protecting the decentralized world. Babylon has developed a suite of security-sharing protocols. This suite currently includes two protocols: Bitcoin timestamping and Bitcoin staking. The Bitcoin timestamping protocol sends succinct and verifiable timestamps of any data to Bitcoin. The Bitcoin staking protocol allows Bitcoin to provide economic security to decentralized systems through trustless self-custodian staking.
Why Join?
CoinEx Mining continues to attract a growing community. With previous 10 mining events showcasing impressive APYs, average at 143.8% and accumulated more than 60,00 participation. This initiative aligns with CoinEx’s vision of building an interconnected crypto ecosystem. This initiative provides returns and also reinforces CET’s utility within the CoinEx ecosystem.
Additionally, users can lock both CET and BTC to enjoy enhanced flexibility and unlock the full potential of their assets. Participation is open to all users, with the freedom to unlock both CET and BTC at any time during the event, ensuring complete control over their funds. For full details and to participate, visit the official CoinEx announcement.
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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