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CoinEx Weekly Update

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 6–13 of December , 2020.

NEW LISTING

To provide users with more and safer trading options, CoinEx listed some interesting projects over the week after rigorous reviews.

CoinEx Listed NEAR at 2:00 December 8 (UTC)

About NEAR
WebsiteExplorer
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.

CoinEx Listed COVER, HEGIC and KP3R at 2:00 December 10 (UTC)

About COVER
WebsiteExplorer
COVER Protocol provides peer to peer coverage with fungible tokens. It lets the market set coverage prices as opposed to a bonding curve.COVER Protocol allows DeFi users to be protected against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. By bridging the gap between decentralized finance and traditional finance, COVER Protocol will open the doors of DeFi to all investors.

About HEGIC
WebsiteExplorerWhite paper
Hegic is described to be an on-chain peer-to-pool options trading protocol built on Ethereum. It is claimed that the Hegic protocol pioneers a peer-to-pool approach to options trading. The project claims that it works like an AMM (automated market maker) for options. Users can trade non-custodial on-chain call and put options as an individual holder using the simplest and intuitive interfaces. Use MetaMask, Trust Wallet or Argent wallets to trade options without KYC, email or registration required. It is further described that the Hegic protocol generates settlement fees in Ether (ETH) and WBTC paid each time an option contract is bought. Public are able to acquire HEGIC tokens and activate a staking lot that gives its holder a right to receive staking rewards. 100% of settlement fees in ETH and WBTC generated by the protocol are distributed among the staking lots holders.

About KP3E
WebsiteExplorer
Keep3rV1 is a decentralized platform designed to facilitate the coordination between projects that need to source outside development operations and those who can provide those required services. Essentially, the project serves as a job board that facilitates the interaction between job posters, such as decentralized finance protocols, and job executors, known as Keepers. The tasks performed by Keepers range from submitting and calling transactions on-chain to completing complex operations off-chain. Keep3rV1 uses an ERC-20 token, KP3R, for governance and to provide rewards to Keepers.

WOO Launched:Deposit & Trade WOO and Hold CET to Share 300,000 WOO

About WOO
WebsiteExplorerWhite paper
Wootrade is a layer one trading infrastructure complete with deep liquidity, frontend trading GUI, and the ability to integrate into any exchange, trading desk, wallet, dApp, or other trading-related platform. Wootrade is able to leverage rebates from high volume institutional traders and market makers, giving the retail traders and B2B clients high-depth, zero-fee trading.

To celebrate the launch of WOO, CoinEx will airdrop 300,000 WOO, and users can claim WOO according to deposit, net buying and CET holding volume. The details here.

Trading Pairs Adjustment

In order to provide traders with a healthy trading environment and optimum trading experience, trading markets are reviewed and adjusted regularly with users’ opinion in mind. In view of this, some trading pairs have been delisted. They are as follow:

TUSD markets:
BTC/TUSD, BCH/TUSD, ETH/TUSD

PAX markets:
BTC/PAX, BCH/PAX, ETH/PAX

More details here

AMA SESSIONS

TELEGRAM AMA WITH WOOTRADE

The session titled ‘solution for better liquidity’ took place in CoinEx official telegram group. The session was an interactive one.

Full recap on the CoinEx & Wootrade AMA Dec 9, 2020 here

AMA with David Lei OF QIAN STABLECOIN PROTOCOL

An interactive session was held with David Lei of QIAN protocol to discuss ‘stablecoins for arbitrage’.

Full recap here

Zcoin Rebranding and Hard Fork

CoinEx Will Support Zcoin Rebranding and Hard Fork

CoinEx will support Zcoin rebranding from XZC to Firo (FIRO) (Visit https://firo.org/2020/10/27/zcoin-is-becoming-firo.html for more details). Firo (FIRO) deposit, withdrawal and trading will be available on the platform immediately after the change.

VIAX Buy-back

CoinEx Assists ViaBTC to Conduct Overall VIAX Buy-back

Since the launch of VIAX Tokenization Implementation Plan, ViaBTC has successfully completed quarterly buy-back for six times. ViaBTC has decided to buy back VIAX completely after rigorous consideration, and CoinEx is delegated to execute the buy-back.

CoinEx RESEARCH REPORT

The Japanese Ethereum: ADA, Mixture of BTC, ETH and LTC

Initiated in 2015, the Cardano project was named after Gerolamo Cardano, an Italian mathematician in the 16th century. Cardano was a doctor, astrologer, philosopher, and gambler. ADA was named after Ada Lovelace, a noblewoman who lived in England in the 19th century, she is considered as the first programmer in human history. Cardano was developed by the Hong Kong-based IT company IOHK, which was also founded in 2015 by two big guns: Charles Hoskinson and Jeremy Wood, both were former core members of Ethereum.

FULL REPORT HERE

Important Services

ABOUT CoinEx

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.

Click here to register on CoinEx

Reach CoinEx on TELEGRAM | TWITTER | FACEBOOK | WEBSITE | API| DOWNLOAD APP|

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Crypto enthusiast | CoinEx ambassador

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Crypto enthusiast | CoinEx ambassador

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