Key facts:
The event will take place from September 19th to September 24th, 2024, with a minimum lockout of 100 CET.
All CoinEx users who have completed basic KYC verification are eligible to participate.
Since 2023, the growing interest in Bitcoin-based applications has captured the attention of developers and investors in green Bitcoin projects. Recently Fractal Bitcoin has once again stood out in the market. As of September 16, its FB token has registered an increase of the 48.64% in the last week.
However, due to the recent downturn in the cryptocurrency industry, many investors have opted for more conservative or passive strategies. CoinEx, a global cryptocurrency exchange, has identified this trend and in response will launch the five-day “Deposit CET to share $50,000 in FB” mining event starting on September 19, giving users around the world an easy way to earn FB.
Block your CETs in advance and get benefits on FB
Aimed at the global crypto community, CoinEx’s first mining event allows any user with basic KYC verification to participate. Simply visit the CoinEx mining pagechoose the CET pool and lock at least 100 CET with the option to withdraw at any time, to join FB mining.
Details of the Event
Event schedule:
- Early Lock: 8:00 on September 17th to 8:00 on September 19th, 2024 (UTC)
- Mining: 8:00 on September 19 to 8:00 on September 24, 2024 (UTC)
Event Rewards:
The total prize pool of the inaugural CoinEx mining event is set at 2,000 FB, with an hourly reward pool of approximately 16.7 FB.
Calculating rewards
Mining rewards on CoinEx are calculated hourly, based on the ratio of your deposited assets to the total deposits of all users. The formula used to determine the hourly reward is:
(your average amount locked per hour / total average amount locked per hour) * total hourly reward.
CoinEx users are advised to deposit as early as possible to start earning rewards from the first hour of the mining period. Once the event status changes to “Completed”, the accumulated rewards will be settled and credited to your Spot account within one hour.
CoinEx Mining: Mine and Earn Trending Coins
CoinEx Mining provides an innovative option for generating income characterized by high flexibility. Unlike traditional staking and mining approaches, users can deposit and withdraw funds at any time, allowing them to react quickly to market fluctuations.
CoinEx: A brand with the motto “User First”
With professional expertise and a commitment to security, CoinEx has established itself as one of the leading global cryptocurrency trading platforms with over 10 million users. The launch of this inaugural mining event exemplifies its brand motto of “user first.”
Looking ahead, CoinEx will continue to offer innovative profit strategies and flexible asset management solutions. It will continue to help users seize growth opportunities in the ever-changing cryptocurrency industry. CoinEx is dedicated to improving the user experience, ensuring that every member has an exceptional and safe journey in crypto investment through simple trading and efficient security measures. As CoinEx continues to evolve, the platform aims to discover new opportunities in the crypto market in collaboration with participants.
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