What is "Trade-driven Mining" and "Income Dividend"
Trade-driven Mining (or "Mining")
From 0:00 July 1st, 2018 (UTC), CoinEx will adopt a "Trade-driven Mining" method to release 3.6 billion CET for free allocation to CoinEx users. We will calculate 100% of our transaction fee income into CET against the real-time rate and give them away to all traders proportionately to their trading volume. The rules are as follows:
Qualification: For ID verified accounts ONLY; Transactions that use CET as fees are excluded in trade-driven mining.
Duration: 180 days in total with an EST. daily yield of 20 MILLION CET.
Difficulty: The upper limit of CET for hourly mining yield per account. To balance daily CET yield, CoinEx will readjust "mining difficulty" at 0:00 (UTC) everyday based on earnings and difficulty of the last day. API is available to access current difficulty.
Payout: Calculated and allocated at every o'clock.
CoinEx reserves the rights of final explanation of readjusting rules of Trade-driven Mining.
- Qualification: Min. holding of 100 CET.
- Distribution: CoinEx will allocate our daily transaction fee income (including all coin types) to ALL CET holders proportionately (i.e. Your CET balance/Total CET). For instance: If our daily transaction fee incomes include BCH, BTC, CET and USDT, you will receive 80% of these incomes in BCH, BTC, CET and USDT proportionately. Attention: You will receive 0 dividend when the amount is below 0.00000001.
- Calculation: Every o'clock from 1:00 to 24:00 (UTC), we will take a hourly snapshot of your CET balance and allocate 80% of transaction fee income of the last hour to ALL CET holders on the snapshot. These dividends will accumulate on an hourly basis.
- Allocation: Your daily dividend will be sent to your account at 00:00 (UTC) of the next day.
- Duration: From 00:00 July 1st, 2018 (UTC) to the end of "Trade-driven Mining".
- CoinEx reserves the rights of final explanation of readjusting rules of Dividend Distribution.
Value of CET
- Share daily transaction.
- Used as Transaction fees.
- Repurchase plan.
- Special promotional campaign rights such as FREE new coins to CET balances.
- Voting rights for new token listing free of charge
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