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_RED (PRE_RED) on Feb 19, 2025. Details are as follows:
New PreToken
Name: PRE_RED
Time: 09:00, Feb 19, 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_RED
RedStone is a leading oracle provider that directly addresses this need. Its modular architecture separates data collection from data delivery, creating a flexible system that scales efficiently across blockchain networks. This design enables the same price feeds to be deployed on any supported chain without altering the core data provider infrastructure. By eliminating the necessity to deploy new nodes for each integration, RedStone achieves faster and more cost-effective expansion while upholding consistent security standards across all networks. This architectural approach has proven highly successful, allowing RedStone to extend its services to over 70 blockchain networks while ensuring reliable price data delivery and maintaining rigorous security measures across all integrations.
PRE_RED is a PreToken under Pre-Token Trading for predicting the spot price of RED, which will fluctuate based on market expectations of RED's price movements following its listing on the Spot market. By pre-minting and trading PRE_RED, users can predict the price movements of RED following its listing on the spot market. The trading price of PRE_RED does not directly affect the price of RED, both are a reflection of market expectations.
About RED
Total Supply: 1,000,000,000
Investment Institutions: Led by Arrington Capital, with participation from Kraken Ventures, White Star Capital, Spartan Group, Amber Group, SevenX Ventures, and IOSG Ventures. Angel investors include Smokey the Bera and Homme Bera from Berachain, Mike Silagadze from Ether.Fi, as well as Jozef Vogel and Rok Kopp, along with Amir Forouzani, Jason Vranek, and Christina Chen from Puffer Finance, who also joined this funding round.
Token Distribution:
Community & Genesis 10.00%
Protocol development (Partially Locked) 10.00%
Core Contributors (Locked) 20.00%
Ecosystem & Data providers (Partially Locked) 28.30%
Early Backers (Locked) 31.70%
How to Participate
1. If you assume the RED spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and RED 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 RED 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_RED is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
Name: PRE_RED
Ticker: PRE_RED
Pre-minting time: 09:00 Feb 19, 2025 (UTC)
Pre-minting price: 2 USDT
Trading Info
Trading Start: 09:30 Feb 19, 2025 (UTC)
Trading Pair: PRE_RED/USDT
Opening Method: Call Auction
(1) Call Auction
09:30 - 09:50, Feb 19, 2025 (UTC): Orders can be placed and canceled
09:50 - 10:00, Feb 19, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
10:00 Feb 19, 2025 (UTC): Trading available
AMM: PRE_RED 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 RED 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 19, 2025