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_LAYER (PRE_LAYER) on Feb 5, 2025. Details are as follows:
New PreToken
Name: PRE_LAYER
Time: 09:00, Feb 5, 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_LAYER
Solayer is building infiniSVM to extend Solana, a hardware-accelerated SVM that scales infinitely over a multi-execution cluster architecture connected by SDN and RDMA, achieving 100 Gbps while maintaining an atomic state.
PRE_LAYER is a PreToken under Pre-Token Trading for predicting the spot price of LAYER, which will fluctuate based on market expectations of LAYER's price movements following its listing on the Spot market. By pre-minting and trading PRE_LAYER, users can predict the price movements of LAYER following its listing on the spot market. The trading price of PRE_LAYER does not directly affect the price of LAYER, both are a reflection of market expectations.
About LAYER
Total Supply: 1,000,000,000
Investment institutions:
Polychain*, BinanceLabs, Hack VC, Nomad Capital, ABCDE Capital, Maelstrom Capital, Bitscale Capital, Borderless Capital, Wormhole, Big Brain Holdings, Race Capital, Finality Capital Partners, Lvna Capital, Road Capital
Team introduction:
Rachel Chu: Co-founder of Solayer, previously a core developer at SushiSwap.
Jason Li: Co-founder of Solayer/MPCVault. He holds a Bachelor’s degree in Computer Science from UC Berkeley.
Ryan Clark: Head of Strategy & Growth at Solayer. He was previously the Chief Growth Officer at nftperp and worked at 1kx. He holds an MBA from the University of Texas at Austin and a Bachelor’s degree in Psychology from the University of Notre Dame.
How to Participate
1. If you assume the LAYER spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and LAYER 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 LAYER 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_LAYER is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_LAYER
Ticker: PRE_LAYER
Pre-minting time: 09:00 Feb 5, 2025 (UTC)
Pre-minting price: 2 USDT
Trading Info
Trading Start: 09:30 Feb 5, 2025 (UTC)
Trading Pair: PRE_LAYER/USDT
Opening Method: Call Auction
(1) Call Auction
09:30 - 09:50, Feb 5, 2025 (UTC): Orders can be placed and canceled
09:50 - 10:00, Feb 5, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
10:00 Feb 5, 2025 (UTC): Trading available
AMM: PRE_LAYER 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 LAYER 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 2 USDT, the delivery is capped at 2 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
Feb 5, 2025