Dear CYBEXers:
CYBEX will officially launch ChainX (PCX) on July 1 12:00, opening PCX/USDT trading pairs. It will also launch the event - Create Order to Mine PCX at the same time for 8 hours with total bonus pool of 400 PCX. The deposit and withdrawal function of Chain (PCX) will be opened on June 28 14:00.
What is ChainX (PCX)?
ChainX measures users' mining power based on the market value of BTC,DOT, ETH, ERC20, EOS and other assets that are deposited in by an inter-chain bridge. ChainX didn't organize any ICO or pre-mining event. ChainX will try to make the validators more scalable and general. ChainX will use the PoS algorithm to establish the first blockchain network that can game for a long time.
Official Website: https://chainx.org/
WhitePaper: https://chainx-static.oss-cn-hangzhou.aliyuncs.com/chainx_cn.pdf
Event Rules:
Event Time: 12:00 July 1, 2019 - 12:00 July 3 (UTC+8)
Trading Pairs: PCX/USDT Only
Tokens Rewarded in the Event: PCX
Bonus Releasing Time: The Next Day
Rewarded Amount: 400 PCX in two days; i.e.: Release 200 PCX every day; Release 0.139 PCX every minute.
Specific Rules:
- CYBEX defines one minute as a ranking period, with 1440 (60*24) periods every day. The amount of bonus per period is 0.139 PCX.
- Based on 0-decimal aggregate volume, the top 20 orders of Buy and Sell of PCX/USDT trading pairs will be snapshot in random time.
- All orders, with the amount no less than 0.01 PCX in the snapshots, are calculated to rank the “points” of the user. The calculation formula of “points” is: order amount of the user * Weight.
Order |
Weight |
Order |
Weight |
Buy 1 |
5 |
Sell 1 |
4 |
Buy 2 - Buy5 |
2 |
Sell 2 - Sell 5 |
10 |
Buy 6 - Buy10 |
1 |
Sell 6 - Sell 10 |
2 |
Buy 11 - Buy 20 |
0.5 |
Sell 11 - Sell 20 |
1 |
- Based on “points”, the top 20 users will receive the bonus from mining PCX according to the proportion.
PCX Bonus = the points of the user by creating orders/total points of Buy and Sell orders based on the snapshot time * 0.139 PCX
*CYBEX has the right of final interpretation of the rules and to adjust it as appropriate.
Any questions, please contact CYBEX assistants.
Assistant A (CybexServiceA)
Assistant B (CybexServiceB)
Assistant C (CybexServiceC)
Note: WeChat service time: 9:00 - 23:00
If you have any questions, please send an email to service@cybex.io. We will answer your questions within 24 hours.
CYBEX Team
2019/06/27
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