Dear CoinEx users,
CoinEx will launch the "Lock CET to Share 80,000 SWCH" event. With a minimum lock of 100 CET, you can join and share 80,000 SWCH! The details are as follows.
Lock CET to Share 80,000 SWCH
1. Duration:
(1) Early Lock: 8:00 Apr 16 - 12:00 Apr 17, 2025 (UTC)
(2) Mining: 12:00 Apr 17 - 12:00 Apr 22, 2025 (UTC)
2. Participation requirement: All CoinEx users who have completed primary verification
3. Pool Distribution
| Total pool | 80,000 SWCH |
| Hourly reward | About 666.67 SWCH |
| Min. lock per person | 100 CET |
| Max. lock per person | 50,000 CET |
4. How to Participate
Step 1. Purchase CET to prepare for mining.
Step 2. Go to the event page.
Step 3. Select the CET pool, and lock a minimum of 100 CET.
Complete the 3 steps above, you can participate in the mining event with zero risk.
5. Reward Settlement Rules
(1) The system takes multiple random snapshots of your locked assets and the total assets locked by all users every hour. At every o’clock, the average value of these snapshots from the previous hour is used to calculate your share of locked assets, and mining rewards are distributed based on this share. Your hourly reward = your average hourly locked amount / total average hourly locked amount * total hourly reward.
(2) When the event status is displayed as "Ended," your total mining rewards will be settled and distributed to your Spot Account in 1 hour.
6. Notes
(1) During the early lock period, you can lock and get ready for mining, but NO rewards will be generated.
(2) During the early lock and mining periods, you can lock or remove assets anytime. When you lock assets, the corresponding amount will be temporarily frozen in your Spot Account. When you remove assets, the corresponding amount will automatically be unfrozen in the Spot Account. If assets are not removed by the end of the event, they will be automatically unfrozen and returned to the Spot Account.
About SWCH
SwissCheese is a Blockchain-Based Stock Market Exchange.
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
Apr 16, 2025