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_SOLV (PRE_SOLV) on Jan 14, 2025. Details are as follows:
New PreToken
Name: PRE_SOLV
Time: 4:00, Jan 14, 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_SOLV
Solv Protocol is the on-chain Bitcoin Reserve, aiming to unlock the full potential of over $1 trillion in Bitcoin assets. Through Staking Abstraction Layer, SolvBTC, and SolvBTC.LSTs (Liquid Staking Tokens), Solv enables both retail and institutional investors to capture diverse yield opportunities without sacrificing liquidity by seamlessly integrating Bitcoin into DeFi ecosystems.
PRE_SOLV is a PreToken under Pre-Token Trading for predicting the spot price of SOLV, which will fluctuate based on market expectations of SOLV’s price movements following its listing on the Spot market. By pre-minting and trading PRE_SOLV, users can predict the price movements of SOLV following its listing on the spot market. The trading price of PRE_SOLV does not directly affect the price of SOLV, both are a reflection of market expectations.
About SOLV
Total Supply: 9,660,000,000
Token application:
SOLV is Solv Protocol’s native utility token and is used in the following functions:
Governance: SOLV token holders can vote on network governance decisions.
Staking: By staking SOLV token on the Staking Abstraction Layer, stakers can earn protocol emissions.
Fee Discounts: SOLV token holders can enjoy fee discounts, including redemption fees for SolvBTC.
Token distribution:
Binance Megadrop: 7.00% of the genesis token supply; 6.09% of the max token supply.
Community Airdrop: 8.50% of the genesis token supply; 7.39% of the max token supply.
Team & Advisors: 13.00% of the genesis token supply; 11.30% of the max token supply.
Community Rewards & DAO Treasury: 18.00% of the genesis token supply; 15.65% of the max token supply.
Community Rewards (External Partners): 8.50% of the genesis token supply; 7.39% of the max token supply.
Ecosystem Development: 8.14% of the genesis token supply; 7.08% of the max token supply.
Business Development: 4.00% of the genesis token supply; 3.48% of the max token supply.
Vesting Voucher Holders: 1.00% of the genesis token supply; 0.87% of the max token supply.
Private Sale Investors: 28.86% of the genesis token supply; 25.10% of the max token supply.
Liquidity: 3.00% of the genesis token supply; 2.61% of the max token supply.
Bitcoin Reserve Offering: 0.00% of the genesis token supply; 13.04% of the max token supply.
Investment institutions: Binance Labs, Blockchain Capital, Laser Digital, OKX Ventures, and others.
How to Participate
1. If you assume the SOLV spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and SOLV 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 SOLV 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_SOLV is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_SOLV
Ticker: PRE_SOLV
Pre-minting time: 4:00 Jan 14, 2025 (UTC)
Pre-minting price: 1 USDT
Trading Info
Trading Start: 4:30 Jan 14, 2025 (UTC)
Trading Pair: PRE_SOLV/USDT
Opening Method: Call Auction
(1) Call Auction
4:30 - 4:50, Jan 14, 2025 (UTC): Orders can be placed and canceled
4:50 - 5:00, Jan 14, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
5:00 Jan 14, 2025 (UTC): Trading available
AMM: PRE_SOLV 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 SOLV 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 1 USDT, the delivery is capped at 1 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
Jan 14, 2025