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_NIL (PRE_NIL) on Feb 13, 2025. Details are as follows:
New PreToken
Name: PRE_NIL
Time: 08:00, Feb 13, 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_NIL
Nillion is a decentralized data storage and computation network and an accompanying suite of tools that together allow builders to build novel, powerful applications that leverage high-value data in a safer way. Its modular and flexible architecture makes it possible to leverage cutting-edge cryptographic techniques to accomplish this, enabling both more secure versions of existing workflows and unlocking new opportunities. Early builders in the Nillion community are creating tooling for private predictive AI, secure storage and compute solutions for healthcare, storage solutions for secure data such as credentials, and secure workflows for trade data.
PRE_NIL is a PreToken under Pre-Token Trading for predicting the spot price of NIL, which will fluctuate based on market expectations of NIL's price movements following its listing on the Spot market. By pre-minting and trading PRE_NIL, users can predict the price movements of NIL following its listing on the spot market. The trading price of PRE_NIL does not directly affect the price of NIL, both are a reflection of market expectations.
About NIL
Total Supply: 1,000,000,000
Funding Information:
On December 12, 2022, raised $20 million from Distributed Global*, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, AU21 Capital.
On October 30, 2024, raised $25 million from Hack VC*, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Jordi Alexander, Ansem, Fiskantes.
Team introduction:
CEO - Alex Page
Alex Page is the CEO of Nillion. He is a former investment banker at Goldman Sachs and a General Partner at Hedera SPV.
Co-Founder and Chief Scientific Officer - Miguel de Vega
Miguel de Vega is the Co-Founder and Chief Scientific Officer of Nillion. Since 2008, he has been innovating in blockchain and distributed technologies, cryptography, and deep learning. Throughout his career, he has filed over 30 patents, 7 of which are still used to optimize information flow on high-capacity fiber optic cables (such as transatlantic cables). He has created mathematical models for various types of networks, including mobile, wireless, self-organizing, satellite, and fiber optic networks for large IT companies, designed domain-specific languages for some of the world’s largest banks, and worked on machine learning algorithms and cryptographic protocols for multiple startups. Miguel holds a PhD in Mathematics from the Free University of Brussels and a Master’s in Engineering from the Polytechnic University of Madrid.
Co-Founder - Andrew Masanto
Andrew Masanto is a serial entrepreneur and investor. He has recently been active in the blockchain space as a Co-Founder of NFT.com and Nillion. Prior to this, he was the founding Chief Marketing Officer of Reserve and Hedera Hashgraph.
How to Participate
1. If you assume the NIL spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and NIL 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 NIL 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_NIL is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_NIL
Ticker: PRE_NIL
Pre-minting time: 08:00 Feb 13, 2025 (UTC)
Pre-minting price: 3 USDT
Trading Info
Trading Start: 08:30 Feb 13, 2025 (UTC)
Trading Pair: PRE_NIL/USDT
Opening Method: Call Auction
(1) Call Auction
08:30 - 08:50, Feb 13, 2025 (UTC): Orders can be placed and canceled
08:50 - 09:00, Feb 13, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
09:00 Feb 13, 2025 (UTC): Trading available
AMM: PRE_NIL 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 NIL 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 3 USDT, the delivery is capped at 3 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 13, 2025