CoinEx Weekly Ecosystem Report
Happy new week, CoinEx traders, welcome to another edition of CoinEx weekly update, where we keep you updated with happenings in CoinEx ecosystem on weekly basis. Below are major events that took place from December 4th —10th January, 2021.
To provide users with more and safer trading options, CoinEx listed some interesting projects over the week after rigorous reviews.
Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based datatokens.
Through Ocean Protocol, publishers can monetize their data while preserving privacy and control, whereas consumers can now access datasets that were previously unavailable or difficult to find. These datasets can be discovered on the Ocean Market, where they can be purchased and later consumed or sold.
The SKALE Network is a high-throughput, low-latency, configurable byzantine fault tolerant, elastic blockchain network built interoperably with Ethereum. The initial and primary use case for this network will be in form of elastic sidechains for the Ethereum Blockchain. In this context it can be described as an ‘Elastic Sidechain Network’.
About trades and adjustments
The deposit and withdrawal of OLT was suspended to protect users’ assets as a result of network update been carried. Trading wasn’t affected.
Deposit&Withdrawal close on: 02:00 January 8, 2021 (UTC)
The estimated time for the deposit&withdrawal to reopen: 15:00 January 8, 2021 (UTC)
The deposit and withdrawal of AE was suspended to protect users’ assets as a result of network update been carried. Trading wasn’t affected.
AE Deposit and Withdrawal:
Close at: 03:00 January 8, 2020 (UTC)
Estimated time to reopen: Depends on the update progress.
CoinEx has completed the distribution of new COVER tokens and compensation distribution at 08:00 on January 7, 2021(UTC), and will support COVER deposit and withdrawal service as soon as possible
According to the disclosed information of circulating CET before, the ratio of “Use CET as transaction fees” would be changed in 2021, which now turns to 30% from the previous 40%.
To improve the index stability and prevent market risks, CoinEx adjusted the components of XRPUSD index at 03:00 on January 8,2021(UTC).
Hold XEM on CoinEx, during the swap, to have your XEM swapped effortlessly, you may also deposit XEM to CoinEx before the snapshot.
Ambassador program update
CoinEx research report
API3 is designed to allow API to meet the needs of Web 3.0 decentralization without using third-party intermediaries. Having achieved this goal through dAPI, API3 suggested that dAPI is a completely decentralized blockchain native API, constructed, managed, guaranteed and profitable by API3 DAO.
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.
CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.
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