Dear CoinEx Users,
We are thrilled to announce the official launch of Pre-Token Trading on CoinEx.
About Pre-token Trading
Pre-token Trading is an innovative service that enables pre-minting (creating), trading, and delivering PreTokens by staking assets. It allows users to earn profits before popular new tokens or major events are officially released. Through Pre-token Trading, users can pre-mint and trade PreTokens flexibly, and deliver them at maturity in prediction markets.
Details of First PreToken
Name: PRE_TRUMP
Time: 8:00, Oct 25, 2024 (UTC)
Services: Pre-minting, Trading
Access
Web: Navigation Bar - Spot Trading - Pre-Token Trading
App: CoinEx App Homepage - More - Pre-Token Trading
About PRE_TRUMP
PRE_TRUMP represents that Donald Trump wins the coming 2024 U.S. presidential election The price of this PreToken will fluctuate based on market sentiment and expectations of the candidate's winning probability. Before the election result is revealed, the price of PRE_TRUMP will be below 1 USDT. However, if the market believes Trump has a 60% chance of winning, PRE_TRUMP might be updated to 0.6 USDT. In such case, the market price of this PreToken reflects the market's expectation of the candidate's victory.
After the election, CoinEx will deliver PRE_TRUMP based on the election results announced by the U.S. Congress. If Donald Trump wins the election, the PreToken will be delivered at 1 USDT; if he loses, it will be delivered at 0 USDT.
How to Participate
· If you believe Donald Trump might win, you can buy PRE_TRUMP in the spot market and hold until delivery after the election results are revealed.
· If you believe Donald Trump might lose, you can pre-mint PRE_TRUMP by staking USDT, sell the PreTokens in the spot market, and wait for the delivery after the election results are revealed. Meanwhile, you can also redeem your pre-minted PRE_TRUMP at any time.
Please note that if Donald Trump loses the election, the value of PRE_TRUMP will drop to zero. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_TRUMP
Ticker: PRE_TRUMP
Pre-minting time: 8:00, Oct 25, 2024 (UTC)
Pre-minting price: 1 USDT
Trading Info
Trading Start: 9:00 Oct 25, 2024 (UTC)
Trading Pair: PRE_TRUMP/USDT
Opening Method: Call Auction
(1) Call Auction
9:00 - 9:20, Oct 25, 2024 (UTC): Orders can be placed and canceled
9:20 - 9:30, Oct 25, 2024 (UTC): Orders can be placed but not canceled
(2) Trading
9:30 Oct 25, 2024 (UTC): Trading available
AMM: PRE_TRUMP supports AMM market, 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: Upon an undisputed U.S. election result or Congressional certification.
Delivery price: 1 USDT if Donald Trump wins the election; 0 USDT if he loses.
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
Oct 25, 2024