CoinEx is gearing up to launch its seventh Mining event. The event invites its community to mine $ONES tokens, a rewarding opportunity with a substantial total reward pool of 20,000,000 ONES. It aims to enhance user engagement and expand the ecosystem surrounding OneSwap.
Mining Event Details
The CoinEx 7th Mining event is segmented into two crucial phases, each with specific timings and activities:
Early Lock Period: The early lock period begins on December 20, 2024, at 08:00 UTC and concludes on December 22, 2024, at 08:00 UTC. During this crucial period, users are encouraged to lock their CET tokens. This preparatory phase allows participants to secure their positions before the official mining period. By locking their CET tokens, users show their commitment to the mining process and ensure their eligibility for rewards.
Official Mining Period: The official mining phase begins on December 22, 2024, at 08:00 UTC and runs for an entire week until December 29, 2024, at 08:00 UTC. During this period, participants will mine the ONES tokens based on the amount of CET they have locked. The mining mechanism will distribute rewards proportionally based on the locked CET, thus encouraging participants to take more considerable risks while allowing unlimited potential rewards.
Participation Requirements
To facilitate a fair and organized mining event, CoinEx has established specific participation guidelines:
Maximum Stake Per Account: Users can lock 1,000,000 CET tokens per account. This ceiling ensures equitable reward pool distribution among participants and prevents users from dominating the mining process.
Minimum Stake Per Transaction: Participants must lock a minimum of 100 CET per transaction. This requirement is intended to maintain a low barrier for entry, allowing a wide range of users—from individual investors to more significant participants—to engage in the mining event.
About ONES and OneSwap
ONES (OneSwap DAO Token) is a CRC20 governance token issued by OneSwap with a fixed total supply of 100 million tokens, featuring a deflationary mechanism.
OneSwap's community governance operates through a proposal and voting system. Users holding sufficient ONES (over 1% of the total token supply) can initiate proposals, while any ONES holder can vote for or against these proposals.
OneSwap is an on-chain one-stop trading platform built on CoinEx Smart Chain (CSC). It features permissionless token listing, automated market making, and order book functionality, and can be deployed on any blockchain platform that supports smart contracts.
In January 2025, OneSwap will launch an innovative Pump feature - a platform built on CSC (CoinEx Smart Chain) that enables users to create and trade Memecoins in one click, offering users a simpler token issuance and trading experience.
Historical Context: Past CoinEx Mining Events
CoinEx has successfully conducted six mining events previously, with excellent user participation and high reward distribution. Participants have staked millions of CET tokens to earn rewards. With previous mining events showing impressive APYs that reached 389% and accumulated more than 36,000 participants.
Past events have consistently demonstrated CoinEx's commitment to delivering rewarding staking programs for its users. The positive feedback and participation levels reflected users' eagerness to engage with new tokens and opportunities, setting a strong precedent for the upcoming 7th Mining event.
Conclusion
The CoinEx 7th Mining Event featuring ONES tokens is an excellent opportunity for crypto enthusiasts to earn rewards while supporting CoinEx ecosystem expansion. Mark your calendars to stake CET and get early access to ONES before its listing on January 2, 2024.
FAQ
1. What is the CoinEx 7th Mining Event?
The CoinEx 7th Mining Event is a staking initiative where users can stake CET (CoinEx Tokens) to earn rewards in ONES tokens issued by OneSwap.
2. When will $ONES be available for trading?
It will be listed on CoinEx on January 2, 2024, and users can trade the tokens on CoinEx or third-party platforms like OneSwap.
3. What are the staking limits for this event?
- Maximum Stake Per Account: 1,000,000 CET
- Minimum Stake Per Transaction: 100 CET
4. What are the event periods?
Early Lock Period: December 20, 2023, 08:00 to December 22, 2023, 08:00 (UTC).
Official Mining Period: December 22, 2023, 08:00 to December 29, 2023, 08:00 (UTC).
5. How are the ONE's rewards distributed?
The rewards will be calculated based on the staking amount and duration. CoinEx will share distribution one hour after the event concluded .
6. Why should I participate in this event?
This event allows users to earn ONES tokens before their official listing and benefit from potential trading opportunities.
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