Dear CoinEx users,
We are thrilled to announce our first mining event: Lock CET to Share 2,000 FB. The event will be held from Sep 19 to Sep 24, 2024, minimum lock of 100 CET, and the details are as follows.
1. Duration:
(1) Early Lock: 8:00 Sep 17 - 8:00 Sep 19, 2024 (UTC)
(2) Mining: 8:00 Sep 19 - 8:00 Sep 24, 2024 (UTC)
2. Participation requirement: All CoinEx users who have completed primary verification
3. Pool Distribution
| Total pool | 2,000 FB |
| Total hourly reward | About 16.7 FB |
| Min. lock per person | 100 CET |
| Max. lock per person | 50,000 CET |
4. How to Participate
Step 1. Purchase CET to prepare for mining.
Step 2. Go to the event page.
Step 3. Select the CET pool, and lock a minimum of 100 CET.
Complete the 3 steps above, you can participate in the mining event with zero risk.
5. Reward Settlement Rules
(1) 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.
(2) When the event status is displayed as "Ended," your total mining rewards will be settled and distributed to your Spot Account in 1 hour.
6. Notes
(1) During the early lock period, you can lock and get ready for mining, but NO rewards will be generated.
(2) During the early lock and mining periods, you can lock or remove assets anytime. When you lock assets, the corresponding amount will be temporarily frozen in your Spot Account. When you remove assets, the corresponding amount will automatically be unfrozen in the Spot Account. If assets are not removed by the end of the event, they will be automatically unfrozen and returned to the Spot Account.
7. Newcomers Exclusive🎁: Register as a CoinEx user during the event and receive an exclusive gift worth 100 USDT! Get it now >>
About FB
Fractal Bitcoin encapsulates the Bitcoin Core code into a virtualization software package and recursively expands infinite layers on top of Bitcoin. It is mainly to solve the limited number cap of each block and the slow transaction speed of the main network and save transaction time.
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
Sep 16, 2024