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_DOOD (PRE_DOOD) on Feb 19, 2025. Details are as follows:
New PreToken
1. Name: PRE_DOOD
2. Time: 08:00, Feb 19, 2025 (UTC)
3. Services: Pre-minting, Spot Trading
Access
1. Web: Navigation Bar - Spot Trading - Pre-Token Trading
2. App: CoinEx App Homepage - More - Pre-Token Trading
About PRE_DOOD
Doodles is an on-chain, world-building collective, driving billions of views across our animations, short films, and partnerships with the biggest brands in the world.
PRE_DOOD is a PreToken under Pre-Token Trading for predicting the spot price of DOOD, which will fluctuate based on market expectations of DOOD's price movements following its listing on the Spot market. By pre-minting and trading PRE_DOOD, users can predict the price movements of DOOD following its listing on the spot market. The trading price of PRE_DOOD does not directly affect the price of DOOD, both are a reflection of market expectations.
About DOOD
1. Total Supply: 10,000,000,000
2. Investment Institutions: Seven Seven Six*, FTX Ventures, 10T Holdings, Acrew Capital
3. Team Introduction:
- Julian Holguin: CEO of Doodles, a seasoned artist and executive at the company.
- Jordan Castro: Founder of Doodles, previously worked at CryptoKitties and Dapper Labs in the industry, focusing on art-related projects.
4. Token Distribution:
-
- 30% will go to the Doodles community, rewarding holders and supporting engagement.
- 25% will be allocated to an ecosystem fund, ensuring long-term project growth.
- 17% is reserved for the team, likely to incentivize developers and contributors.
- 13% is designated for "new blood", possibly referring to future investors, partners, or strategic hires.
- 10% will be provided to liquidity providers, ensuring a stable market for DOOD.
- 5% will be retained by Doodles Inc., the company behind the project.
How to Participate
1. If you assume the DOOD spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and DOOD 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 DOOD 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_DOOD is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
1. Name: PRE_DOOD
2. Ticker: PRE_DOOD
3. Pre-minting time: 08:00 Feb 19, 2025 (UTC)
4. Pre-minting price: 0.24 USDT
Trading Info
1. Trading Start: 08:30 Feb 19, 2025 (UTC)
2. Trading Pair: PRE_DOOD/USDT
3. Opening Method: Call Auction
(1) Call Auction
08:30 - 08:50, Feb 19, 2025 (UTC): Orders can be placed and canceled
08:50 - 09:00, Feb 19, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
09:00 Feb 19, 2025 (UTC): Trading available
AMM: PRE_DOOD 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
1. Delivery time: The delivery will occur 4 hours after DOOD is listed on the spot market. The delivery schedule may be adjusted if there are any changes to the listing time.
2. 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 0.24 USDT, the delivery is capped at 0.24 USDT.
Fees
1. Redeeming Fee: 2%
2. Delivery Fee: 1%
3. 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 19, 2025