Announcement Center

Dear user:

CoinW will start the predict in the trading to get rewardseventin the ETF area. During the event, if you participate in the long (L-type token) or short (S-type token) transaction of the ETF, you can participate in the currency betting activity. The activity is based on the day of the day BTC price fluctuations are carried out, and all users who bet on the ups and downs of the direction will share the bonus amount of users who did not bet on the direction according to the trading amount of that direction, and the rewards will be issued on T+1 day! The details of the event are as follows:

Event time: 2022/12/21 16:00~2022/12/25 16:00(UTC)

Judgment of rise and fall: Judging the price rise and fall of the day based on the opening price of BTC at 16:00(UTC)on the day and the closing price at 16:00(UTC) the next day

Betting method: All users who participate in the L-type long token transaction on the day are regarded as betting "up", and all users who participate in the S-type short token transaction on the day are regarded as "down". The total transaction amount corresponding to the betting direction is the betting transaction amount in this direction.

Winning method: When the betting direction is consistent with the rise and fall of the BTC price on the day, the user wins the prize, and the party who guesses correctly will share the prize pool of the transaction volume of the party that did not guess correctly.

Prize pool: The platform will allocate 5 USDT per 1,000 USDT into the prize pool of the day according to the betting direction transaction volume of all users who failed to bet on the day. If the BTC price is "rising" on that day, and the transaction volume of all transactions of S-type short tokens on the platform is 5,000,000 USDT, then all users who trade L-type long tokens on that day can get a total prize pool of 25,000 USDT.

Prize pool distribution: All users who bet on the winning direction of the day can divide the daily transaction volume prize pool according to the proportion of the transaction volume of the betting winning direction. Each winning user can get a guaranteed reward of 0.4 USDT when the betting transaction volume is greater than 50 USDT.

Example: User A participates in the ETH 3S transaction volume of 5,000 USDT on 2022/12/22, and participates in the LTC 3L transaction volume of 3,000 USDT, so the transaction volume of the "down" bet is 5,000 USDT, and the "up" transaction volume is 3,000 USDT. If the BTC price is "up" on the day, the winning transaction amount is 3000 USDT betting on the "up" transaction amount. The transaction volume of all users who bet on "up" on the day is 5,000,000 USDT, and the transaction volume of all users who bet on "down" is 3,000,000 USDT, so the total prize pool for the daily transaction volume is 3,000,000*0.005=15000 USDT. User A can be divided into rewards of 3000/5000000*15000=9 USDT equivalent token rewards

Event Description:

1. Trading volume = buying volume + selling volume;
2. The event rewards will be issued on T+1 day, and the event rewards will be issued in the form of USDT equivalent ETF tokens;
3. In order to ensure the fairness of the event, CoinW strictly prohibits cheating behaviors such as malicious swiping and batch registration of small accounts. If a user violates the regulations that affect the normal operation of the event, the CoinW platform will immediately disqualify the award, and if the situation is serious, the account will be frozen;
4. Market makers do not participate in activities as independent accounts;
5. The final interpretation right of the event belongs to CoinW. If you have any questions, please contact CoinW customer service for consultation.

CoinW

2022/12/21