Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list NACHO (Nacho the 𐤊at) on Oct 15, 2024. The details are as follows:
List Time
1. Deposit: 6:00 on Oct 15 (UTC)
2. Withdrawal: 6:00 on Oct 15 (UTC)
3. Trading pair: NACHO/USDT
4. Opening method: Call Auction
a. Call Auction
10:00-10:20 Oct 15 (UTC)
Orders can be placed and canceled
10:20-10:30 Oct 15 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:30 Oct 15 (UTC)
5. Service support: NACHO/USDT supports AMM, Spot Grid, and Auto-Invest Plan.
About NACHO
Nacho is named after the beloved cat of Shai Wyborski, a key figure in the Kaspa ecosystem. This project is a tribute to Shai and his cat, Nacho, and stands as a celebration of the groundbreaking work by the Kasplex team in developing the KRC20 token standard.
But Nacho is more than just a memecoin. It serves as a symbol of innovation and community within the Kaspa network, showcasing the possibilities that decentralized technology can offer. As the Kasplex protocol evolves, Nacho aims to lead the charge, setting the gold standard for all tokens on Kaspa.
The details of the “Join Trading Volume Ranking, 30,000,000 NACHO For Grabs” promotion are as follows.
1. Duration: 10:00 Oct 16 - 10:00 Oct 23, 2024 (UTC)
2. Selected Coin: NACHO
3. Participation requirement
All CoinEx users who applied on the promotion page can participate (Market Maker excluded).
4. Rules
During the promotion, users who trade in the NACHO/USDT market with a trading value ≥ 50 USD equivalent of NACHO can join the ranking, and will share the rewards. The specific reward distribution is as follows.
| Ranking | Reward per user（NACHO） | Total reward （NACHO） |
| 1 | 3,000,000 | 3,000,000 |
| 2 | 2,000,000 | 2,000,000 |
| 3 | 1,000,000 | 1,000,000 |
| 4-10 | 500,000 | 3,500,000 |
| 11-20 | 300,000 | 3,000,000 |
| 21-50 | 200,000 | 6,000,000 |
| 51-100 | 100,000 | 5,000,000 |
| Qualified |
Share the remaining reward according to the trading volume |
6,500,000 |
5. Reward allocation: The reward will be allocated in 7 business days after the promotion.
6. Notes of Participation
(1) The rewards will be shared by the ranking in Spot trading volume. Cumulative trading volume = Buying volume + Selling volume in all selected markets during the promotion. Please note that the trading volume of self-matching orders will not be counted.
(2) Market Making accounts are not included in this event.
(3) Sub-accounts are not allowed to participate as independent accounts, and their trading volume will be included in the main accounts.
(4) During the event, should any cheating behavior be found, such as batch registration and self-dealing, the user will be disqualified.
(5) FAQ About Spot Trading Volume Ranking
About Automated Market Making (AMM)
AMM is supported for the NACHO/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
About Spot Grid
Spot Grid is supported for the NACHO/USDT market. Spot Grid is a trading strategy suitable for volatile markets. It helps you capture profits in market fluctuations by automatically executing buy low and sell high within a certain market range 24 hours a day. Learn about Spot Grid >>
About Auto-Invest Plan
Auto-Invest Plan is supported for the NACHO/USDT market. CoinEx Auto-Invest Plan is a trading strategy that helps you automatically accumulate crypto assets via pre-set investment and recurring cycles. It has the advantages of automatic execution, convenience, and friendly entry. With a minimum of 1 USDT, you can make stable investments and realize wealth growth. Learn about Auto-Invest Plan >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Oct 15, 2024
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