click here if you want to see your banner on this site

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - CoinEx_Official

Pages: [1] 2 3 ... 6
1
On May 1, 2022, the NFT, Metaverse, and GameFi 2022 jointly organized by AC Capital, CoinVoice, Asia Token Fund, and Block Tides kicked off in Cove Manila, the Philippines. This is the largest summit ever held in Southeast Asia.



The summit brought together first-rate blockchain projects, companies, influencers, artists, and crypto enthusiasts. Approximately 1,200 blockchain users from around 100 companies met in Cove Manila, the largest beach club in Southeast Asia, for this huge event. In addition, about 1 million users also joined the feast through live broadcasts and on SNS platforms. At the same time, 26 sponsors, including CoinEx, and local media agencies also attended the event, which was covered by media platforms such as Bloomberg, Nasdaq, and Yahoo Finance.




The Philippines is one of the top 5 countries in terms of crypto adoption, and about 20% of Filipinos have used crypto technology. As one of the hottest crypto categories in the country, NFT games provide a source of income for many crypto adopters in the Philippines. As such, during the summit, NFT games became a topic that many users are most concerned with. The summit also featured round table discussions through which the guests and attendees together explored the opportunities and applications of Metaverse and NFTs, as well as the future trend of gaming and GameFi.

During the summit, CoinEx’s representative also delivered a speech on the growth trend of crypto categories like Metaverse, GameFi, and NFT. Always keeping track of the Metaverse category, CoinEx has studied and assessed many projects that focus on Metaverse, GameFi, and NFT during token listing. Moreover, the exchange’s list of cryptos now provides separate segments for these three categories to help users easily and quickly invest in the relevant projects. Additionally, from time to time, CoinEx also hosts events like Learn to Earn in its social media groups to encourage users to stay updated on the latest crypto knowledge, including NFTs, and enhance their industry insights.






Meanwhile, CoinEx will remain committed to making crypto trading easier so that retail investors can also trade or invest in metaverse-related assets effortlessly. It should be noted that CoinEx Smart Chain (CSC) offers developers and users a way to issue and trade NFTs with low thresholds and minimum costs, and users can now also transfer/receive and trade NFTs in ViaWallet. In the future, CSC will attract more crypto users, outstanding project teams, and brilliant artists.



During the summit, CoinEx’s representative also introduced CoinEx Charity. This new CoinEx branch focuses on disadvantaged groups around the world and dedicates itself to various charitable causes. Besides, CoinEx Charity has set up a Multi-Million-Dollar Charity Fund to support humanitarian response, human development, education, poverty alleviation, emergency relief, and charitable healthcare. Having hosted charitable events in places that include the Philippines, Nigeria, and Belarus, CoinEx Charity carries forward the spirit of charity and promotes charitable causes around the world.



CoinEx is exploring Southeast Asian markets including the Philippines. In the future, the exchange will continue to work with its Filipino users to facilitate crypto growth, allowing more users in this country to enjoy easy-to-use, convenient and smooth crypto trading services.

Watch the event highlights here: https://youtu.be/BBmUYiKnCbQ

https://youtu.be/BBmUYiKnCbQ

2
In the summer of 2021, Axie Infinity provoked strong market excitement with its groundbreaking Play-To-Earn model. The success of Axie popularized the concept of GameFi and attracted a large crowd of developers and investors to join the GameFi craze, which triggered the appearance of multiple GameFi projects. In an effort to replicate the success of Axie, these latecomers transplanted the model onto other public chains.

Crypto Unicorns (CU) is a Polygon-powered decentralized game that aims to provide gaming experiences that integrate Play with Earn through the Play-and-Earn gameplay. At its core, CU features unicorns. In addition, there are also assets like land, berries, and milk in the game. Centering on unicorns, CU will launch Farming Gameplay followed by Jousting, Racing, and Team RPG Battle.



Unicorn NFTs

In November 2021, CU released 10,000 genesis Unicorn eggs on its official website at the unit price of 0.1 ETH. Through minting, users get Unicorn eggs, which are similar to mystery boxes, and pay network fees to hatch Unicorns. There are 9 Unicorn classes, the six classes covered by genesis eggs are Heart, Flower, Candy, Crystal, Cloud, and Moon, and the three hidden classes are Rainbow, Star, and OmNom. In addition to the class, each Unicorn has 6 parts and 18 genes. These genes determine a Unicorn’s attributes, abilities, and type, which come with different uses in subsequent games.

Each Unicorn hatched from a genesis egg can be bred up to 8 times. Breeding Unicorns costs Unicorn Milk, Rainbow Tokens, and Normal Berries, and as more Unicorns are bred, the cost increases. In addition, players can use boosters to increase the chance of the parents passing down their superior genes to the newborn Unicorn.



Land NFT

Land NFTs are the building blocks of CU, which is a farming simulation game. Players can assign their Unicorns to Land for agricultural production, including berry farming, and create other buildings on the land. CU has sold land NFTs for three consecutive months since November 21, with a total supply of 30,000 plots. There are three rarities of Land NFTs: Common, Rare, and Mythic. Players will form Neighborhoods by bringing their land plots together with guildmates, which will maximize their productive output. This gameplay will also meet players’ need for social interactions.



Play-and-Earn

Axie Infinity’s Play-to-Earn model swept emerging markets, attracting droves of active users. To maintain existing assets or attract new funds, the model requires a well-designed game economy and sound token liquidity in secondary markets. However, failing to meet such requirements, most of copycat projects have diminished after an initial boom.

CU plans to build a sustainable economic system by optimizing the in-game economics, thereby balancing the relationship between Play and Earn. This approach not only provides players with economic benefits but also creates more medium-long-term values, such as the joy of gaming. The token design of the CU economy adopts a dual-token system that’s similar to that of Axie Infinity: Rainbow Token (RBW), which resembles AXS, serves as its governance token, while Unicorn Milk (UNIM), which is like SLP, functions as its consumption token and comes with an unlimited supply.

Before its first game went live, to create a sound economic system over time, CU rewarded players who are willing to grow with the game through events such as free UNIM for staking Unicorn NFTs, free in-game items for staking RBW for 12 months, and free in-game items for taking a snapshot of UNIM balance. After the game is officially launched, farming has become the core of the entire economic system, which simulates real-world economic development — players holding different classes of Unicorns specialize in different production tasks, which enabled a suitable division of labor.

Roadmap

On May 2, 2022, the farming simulation game went live, bringing harvesting, crafting, gathering, Unicorn breeding, Unicorn evolution, and the introduction of the Rainbow Token marketplace. This phase will focus on Unicorn NFT growth via breeding and recruiting new players.

In Q2 2022, CU will be introducing Jousting Neighborhoods. The game will be launching nine Jousting Arenas over time to match each Unicorn class.

Racing will be released in Q3 2022. With Racing, players will enter their Unicorns in tournaments across a wide variety of tracks each with unique properties including weather.

In Q4 2022, CU will launch a 5v5 Team RPG with PvE and PvP components.

Team and institutional investors

According to its official website, Laguna Games, the team behind CU, is a world-class game development studio, with members from top companies and a strong track record in game development. As for institutional investors, in the second half of 2021, CU completed a $5 million seed round funding led by Bitkraft Ventures and Delphi Digital, with involvement from Transcend Fund, Headline Ventures, and Polygon Studios.

In particular, Bitkraft Ventures has launched a $75 million investment fund for blockchain games and led a $60 million Series B investment in Immutable X. Delphi Digital, which is a well-known blockchain research and investment institution, excels at designing economic models and has helped Axie optimize its economic model.

In March 2022, CU concluded a $26 million token sale led by TCG and Backed VC. TCG is a unicorn company that has invested in multiple traditional sectors and crypto projects, including OpenSea and Dapper Labs. (TCG: https://tcg.co/portfolio/)

One of the most popular games on Polygon

CU’s first game has already been launched on May 2, 2022. Though it took nearly half a year from the release of Unicorn NFTs to the game’s launch, CU still received tons of market attention thanks to its world-class team, as well as a strong lineup of distinguished investors. As of May 6, 2022, CU has attracted over 42,000 Twitter followers and more than 37,000 community members on Discord.

With delicate game designs and cute styles, CU has earned extensive user recognition and may soon become one of the most popular games on Polygon.

*The above cannot be relied on as any investment advice.

3
CoinEx, a crypto exchange that serves more than 3 million registered users in over 200 countries and regions, has adopted a new brand slogan — Making Crypto Trading Easier. We interviewed Mr. Haipo Yang, CoinEx’s founder and CEO, and discussed topics concerning CoinEx and the future development of the crypto industry.



Q: What are the considerations behind CoinEx’s new slogan — Making Crypto Trading Easier?

A: Today’s crypto market has entered a new stage in terms of technological progress, market scale, and user base. At its height, the total market cap of cryptocurrency approached $3 trillion. Meanwhile, surpassing Facebook, Bitcoin has become one of the 10 most valuable assets globally. Cryptocurrency is now an integral part of global assets, and crypto technologies are also influencing more industries and users.

At the same time, many are daunted by crypto technologies. In their view, the market is reserved for geeks and professional investors only. Such a stereotype is not wholly unfounded — many trading platforms out there are indeed designed for professionals. They just keep introducing new functions and pile up all features and products without considering user capabilities, which discourages many newcomers.

Picture this: An average user visits a crypto exchange to buy Bitcoin. However, swamped by derivatives like delivery contracts and European options, he has no idea how to buy Bitcoin at all. Are such platforms really designed for the general public? They think users might need this or that but ignore the most important fact that for most users, it is not that easy to complete the very first crypto trade.

Decentralized crypto technologies are created to serve the public in the first place. All crypto users deserve respect — not only just the professional, but also retail investors, deserve access to the crypto industry. The dismissal of beginners and retail users goes counter to the crypto sector’s original mission, which is to break the financial monopoly.

As such, we work to remove users’ misgivings about the crypto industry and break financial shackles. We want to deliver a message that crypto trading is a level playing field and that finance is by no means the privilege of certain groups of people. We will build a bridge that connects users with the crypto space. As a gateway to the crypto market, CoinEx helps users complete each crypto transaction with ease.

Q: The slogan upgrade of CoinEx involves strategic adjustments in terms of branding, product and technology. Could you shed light on the future vision and strategic plans of CoinEx?

A: CoinEx will “make crypto trading easier” through product, token listing, and user services.

First of all, when it comes to products, we exercise restraint and never pile functions upon functions. Instead, CoinEx promises to offer sufficient and satisfying functions. Unlike many exchanges that offer an excessive number of redundant functions, CoinEx pursues “EASIER”. This does not mean that there are fewer things you can do on CoinEx. On the contrary, we aim to turn sophistication into simplicity by building products that meet real demands.

In addition, we also attach great importance to token-listing. CoinMarketCap shows nearly 20,000 types of crypto assets globally. However, many of them come with great risks. As we can see today, most trading platforms suffer from either a lack of diversity or garbage assets. This is why our research team spends plenty of time screening the cryptos available in the market. To a certain extent, CoinEx saves users the trouble of risk filtering, allowing them to invest easily in assets minimizing users’ workload.

Last but not least, CoinEx emphasizes user service. Here at CoinEx, we offer professional, efficient and considerate user services. When beginners are confused with crypto-related products, which is frequently the case, they can always turn to our intuitive beginner guides, all-encompassing help documents and humanitarian user support. CoinEx respects each ordinary user via first-rate services.

Q: Compared with the past, many professional investors like VC firms, hedge funds, and asset managers have joined the crypto market. Will this lift up the investment threshold of the crypto space? Do retail investors still have a chance in such a market?

A: Professional investors and retail investors are not in an antithesis relation. The fact that more investors have joined the industry comes as a recognition of the market and injects more liquidity into the crypto space. It is natural that an established market will attract various investors, but that does not mean there are no opportunities for retail investors.

Here, we can compare the crypto market with conventional financial markets. In a conventional financial market, large investment banks are inherently centralized. A company needs to go through a complicated process before it can go public. As such, stocks can only be issued via big institutions, while primary markets are exclusive to professional investors. Retail investors, on the other hand, are kept out of this process.

Such a centralized monopoly incurs expensive costs and creates a high threshold. Essentially, stock issuance offers funds to project teams and creates investment opportunities for investors. Meanwhile, intermediary players like investment banks and VC firms do not improve capital efficiency. Blockchain and crypto technologies have brought a new decentralized solution that allows retail investors to directly participate in primary markets through IDO and IEO, thereby breaking the monopoly of professional investors.

Over the past few years, we have seen many new attempts in the crypto industry, covering DeFi, meme and Play-to-Earn. Many of these new categories are neither created by professional traders, nor are designed for big institutions. The crypto sector is now accessible to all, which means that every investor has the opportunity to profit from cryptos.

Q: During the last two years of rapid growth, CoinEx has always prioritized user experiences and user demands. How do you put “EASIER” into practice during constant product iterations? In the future, what are your priorities for streamlining the trading experience?

A: We have been focusing on mechanisms, interaction, and content-guided when upgrading CoinEx products. Users use a product to meet their intended goals. As such, “EASIER” means that we should help users meet such goals as quickly as possible.

As for product mechanisms, we hope that users can meet their goals via the simplest operations. For instance, Swap, a new feature recently launched by CoinEx, helps users meet one simple goal, which is to swap one type of cryptocurrency for another. Unlike other swap products that often ask users to account for complicated terms such as slippage, market price, and limit price, CoinEx Swap is backed by a set of independently developed smart algorithms, which only requires users to enter the target cryptos and the swap amount, and everything else will be handled by CoinEx. With Swap, users benefit from fast conversions at excellent prices.

Other than mechanisms, we also value interaction, which covers webpage interaction and visual guides. Instead of stacking up all the functions and information on one page, CoinEx strives for simple content that allows users to spot the function they need at the first glance. Moreover, we will keep improving our text introductions and product descriptions in content guidelines , helping all users get started with CoinEx right away through simple, intuitive expressions.

During the interview, Haipo Yang also mentioned that the improvement of user experiences is a never-ending process. According to him, product development requires unremitting efforts. CoinEx insists that crypto assets should be made available to the general public. It aims to “break financial shackles” and strive for “EASIER” with user-centered design (UCD) or user-driven development (UDD) by improving its products. We have every reason to believe that driven by CoinEx’s efforts, the crypto trading sector will provide new opportunities for more retail investors.





4
Amid the declining spot market, futures, a type of financial derivatives, have come under the spotlight among investors. According to Coinglass, the average daily trading volume of futures on the entire network is more than twice that of the spot. Considering such a huge figure, it is important yet difficult for all futures investors to make profits using high leverage based on their judgment on market trends.

We may find the solution in two terms, the win rate and profit/loss ratio, as well as their relationship.



What is the win rate in futures?

As the name suggests, the win rate is the probability of a winning trade.

Formula: Win Rate = Number of Wins / Total Number of Trades * 100%

Say, a futures trader makes 10 trades and wins profits in 5 of these trades, so his win rate is 50%. Despite the seemingly moderate real win rate and possibilities of stopping loss, he still profits a lot.

As suggested in the book Technical Analysis of the Financial Markets, “the best futures traders make money on only 40% of their trades”. Though important, a high win rate is hard to maintain in a volatile market. According to the statistics for the past decade, the average win rate of top traders on Wall Street ranges between 35% and 50% only. As such, how can we profit from the futures market?

What is the profit/loss ratio?

That’s when the profit/loss ratio comes in.

Formula: Profit/loss Ratio = Average Amount of Profits/Average Amount of Losses

Say we toss a coin. You get 1 USDT if you win, or lose 1 USDT if you guess wrong. In this case, the profit/loss ratio is 1:1. You get 3 USDT if you win, or lose 1 USDT if you’re wrong. In this case, however, the profit/loss ratio is 3:1.

Assuming that Trader A opens a position of 10,000 USDT, the relationship between the win rate and the profit/loss ratio is as follows:



As you can see from the above table, you can still profit with a low win rate. Even if your win rate is only 30%, your trade remains profitable in the long term as long as the profit/loss ratio is at a high level.

How to increase the profit/loss ratio?

The answer lies in the formula of the profit/loss ratio: we can either increase the average profits or reduce the average losses.

That seems like a paradox as the profit/loss ratio of each trade remains uncertain until it is settled and traders can hardly determine the future profits. Yet still, we can set the maximum loss for each transaction, which is the stop-loss price as we know. After the stop-loss price, or in other words the exit condition, is set, once the conditions are met, positions will be closed even if you bet on a wrong direction and suffer losses, thus protecting you from greater losses.

In this sense, Take-Profit & Stop-Loss is indeed a useful tool. Suppose in each trade with a fixed position, the stop-loss price is set to 10% of the initial amount, and the take-profit price is set to 20% of the initial amount. The profit/loss ratio is 2:1. As long as the win rate reaches 33%, the account can break even.

Traders usually misjudge the market, yet those sensible maximize their profits, not the number of wins. Apart from the above know-how, another essential factor of profiting from the futures market is the unity between your knowledge and your trading strategy. After all, most traders suffer losses not because they’re ignorant of the theoretical knowledge but because they blindly take a different path in real trade.

*The above cannot be relied on as any investment advice.

5
Over the past year, the trading volume of futures had surged. Thanks to the crypto bull of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull advanced, the futures market remained popular throughout 2021. Right now, it has even surpassed the spot market and become the mainstream investment choice among crypto users. Meanwhile, the trading volume of futures has reached new highs despite the switch to a bear market. Earning multiplied returns by trading futures is one of the primary ways to profit from a bearish market.

Driven by the increasing market recognition for the prospect of crypto futures, competition in this category has intensified. As a growing number of crypto investors foray into the futures market, the major crypto trading platforms are involved in fierce competition. Today’s futures market is a big cake, and only platforms with sound products may grab more shares.

As a long-standing crypto trading platform, CoinEx started investing in the futures category a long time ago and has been committed to creating better futures products. The exchange is one of the earliest global crypto trading platforms with a full range of products and services. CoinEx took a long-term view when the spot market was flourishing and ventured into the derivatives market to provide users with versatile crypto products and services. This also laid a solid foundation for the growth of CoinEx Futures. In 2021, the trading volume of CoinEx Futures surged by 6,840% year-on-year, which was a huge breakthrough.

In a market where the major crypto trading platforms are trying everything to take more shares of the futures market, how should CoinEx stand out?



In the past, thanks to their strong resource reserve and funding capacity, large trading platforms had an absolute advantage when competing with rivals in a new field. Moreover, compared with less established platforms, the giants are also more experienced in the futures segment. At the moment, the number of futures investors is on the rise, and their requirement for futures products has also become increasingly rigorous.

Apart from market recognition, investors’ interests hinge on many other aspects, spanning the product experience, the number of trading pairs available, the rules of the funding rate, the Auto-Deleveraging (ADL) mechanism, insurance payments, and platform liquidity. At the end of the day, investors will come to realize that simple, easy-to-use products and professional, satisfying services are the crucial factors that attract them to a trading platform and persuade them to stay.

Recently, CoinEx has upgraded its slogan to “Making Crypto Trading Easier”, which indicates that CoinEx Futures will also shift towards simplicity and ease of use through improvements. By offering simple futures products, CoinEx will shatter the high threshold of futures trading as investors used to believe. Meanwhile, the exchange also aims to allow all crypto investors to trade futures with ease, moving futures trading out of the realm that’s exclusive to professional traders.

Most users who have traded futures on CoinEx are satisfied with its simple, easy-to-use features. First of all, with easy operations, convenient order placement, and clear position information, CoinEx users can trade futures through an extremely smooth process from the moment they start a position to the moment they close it. Secondly, before starting to trade futures on CoinEx, users can quickly master the key points through simulated operation tutorials provided by the platform, which help them avoid the common traps in futures trading. Finally, thanks to the all-inclusive, easy-to-use features, including TP & SL, one-click liquidation, and futures calculator, provided by CoinEx Futures, users can manage their positions effortlessly.

CoinEx now features more than 100 futures markets where users can trade both linear contracts and inverse contracts, with multiple trading pairs available. In addition, the exchange uses a unique price mechanism called the Mark Price, which is determined by the futures price on many mainstream platforms and protects users from abnormal market swings. Meanwhile, CoinEx has also introduced multiple futures mechanisms, covering the Insurance Fund and Auto-Deleveraging (ADL), to guarantee zero clawback for liquidation.

Many users have this misperception that “simple, easy-to-use products are never professional or secure”. In fact, the opposite is true — CoinEx Futures are backed by strong risk-control measures and security mechanisms, which enable smooth, secure, reliable futures trading services and help traders seize the first-mover advantage. It should be noted that CoinEx has never suffered any security breach since its inception 5 years ago. Though many of the top platforms faced scandals such as security attacks, CoinEx has managed to preserve its system security, allowing all crypto users to trade futures in a secure, steady manner on the exchange.

Security is essential to the existence and growth of crypto trading platforms, while simple, easy-to-use futures products function as the cornerstone of the general crypto market. CoinEx is all set to stand out from its rivals amidst the cut-throat competition.

6
Since 2022 kicked off, hit by the crypto slump, spot volumes have remained sluggish. According to Exchange Review (March 2022) released by CryptoCompare, derivatives volumes increased by 4.58% to $2.74 trillion, which represents 62.8% of the total crypto market. Meanwhile, spot volumes only account for 37.2% of the market. Facing a sluggish spot market, a growing number of investors started to choose crypto derivatives like futures that could help them hedge against risks and improve capital efficiency.



How futures work

The biggest difference between spot and futures is that the latter significantly improves users’ capital efficiency. In spot trading, users can only profit from price growth, while future traders can cash in on rising or falling prices as long as the direction is right.

When trading futures, users can choose from two directions: long trades or short trades.

Long trades: User A believes that the BTC price will rise. Suppose the current BTC price stands at 40,000 USDT, and he spends 4,000 USDT on 0.1 BTC at 10x leverage. When the price rises to 45,000 USDT, he could then sell the crypto for profit. In short, this approach is called “buy first & sell later”;

Short trades: User B thinks that the BTC price will drop. Suppose the current BTC price stands at 40,000 USDT, and he spends 4,000 USDT on 0.1 BTC and sells his holding at 10x leverage. When the price drops to 35,000 USDT, he could then buy the crypto for profit. In short, this approach is called “sell first & buy later”.

Basic concepts of futures

Leverage: The possibility of gaining huge profits with a small budget is why futures trading has grown more popular among crypto investors. At the moment, most mainstream exchanges offer a maximum leverage ratio of 100x. However, as it multiplies profits, leverage also increases the risks.



Margin: When trading futures, users need to pay a small amount of money according to a certain ratio as the security deposit for contract performance, which is called Margin. More specifically, the Margin required for starting your position is referred to as Initial Margin, and a proportion of the position value required to keep the position is the Maintenance Margin.

Forced Liquidation: Once a user’s Available Margin fails to cover the Maintenance Margin, his position would be forced-liquidated.

Funding Rate: In the crypto market, futures are divided into two categories: delivery contracts and futures contracts. Delivery contracts are settled every month/quarter to make sure that the futures price and the spot price stay roughly the same over the long run. Through such regular settlements, the market price of delivery contracts trends towards the spot price. Futures contracts, on the other hand, do not have a delivery date. To ensure price stability, these contracts use the Funding Rate mechanism to minimize the price difference.

How to trade futures on CoinEx?

Step 1: Register a CoinEx account, and enter the futures page on CoinEx. New traders can click on Beginner’s Guide, watch the futures tutorial, and complete the quiz.



Step 2: Transfer funds from other accounts to the futures account;

Step 3: Select a cryptocurrency for your futures position (CoinEx features over 100 cryptos for linear contracts and 2 cryptos for inverse contracts);

Step 4: Set up a leverage ratio for your position (CoinEx now offers leverage ranging from 3x to 100x);

Step 5: Adjust the margin ratio of the position according to your own risk tolerance, as suggested by CoinEx;

Step 6: Place an order according to the order types provided by CoinEx Futures.

CoinEx Futures: https://www.coinex.com/futures

Finally, futures contracts are a special type of investment product. The futures price, affected by multiple factors, is subject to high volatility. High leverage ratios and significant risks are the most prominent features of futures. That said, users often find it difficult to master all the characteristics of futures. For beginners, plenty of futures facts remain unknown, and prudent decision-making is required before futures investments.

*The above cannot be relied on as any financial advice.

7
Crypto Discussion / CoinEx | Official Partnership with 1Token
« on: May 13, 2022, 09:51:07 AM »
We are proud to announce a new partnership with 1Token, a leading one-station enterprise solution for crypto institutions.

1Token and CoinEx share a common goal in boosting the development of the crypto field. Therefore, through this partnership, both 1Token and CoinEx will have opportunities to reach out to more clients who are in need of professional trading platforms and solutions.



About 1Token

1Token software provides a one-stop enterprise solution for crypto institutions, supporting more than 80 venues, omni-asset, front to back office infrastructure for buy-side, sell-side and third party financial business.

Currently 1Token serves more than 40 large global institutions, including top names like Amber Group, Matrixport, NamNar Capital, ML Tech and AnB Investments, which in total sum up to more than $20 billion in assets under management and more than $70 billion MTV managed.

1Token’s solution also supports multi-department usage for institutions engaging in various financial services with existing client profiles in fund/FoF/MoM, AM/RIA, spot and prime broker/OTC, lending platforms,venture capitals, ETF/ETPs, PoS/PoW miners and DeFi farmers, blockchain foundation/treasury, etc.

For institutions trading on CoinEx, 1Token can provide cross-venue order and asset management, real-time portfolio/ risk monitoring, DeFi asset tracking and impermanent loss smart-hedging, multi-leg/TWAP/VWAP order execution, accounting and trade reconciliation, auto generation of audit/compliance reports.

Learn more

Official Website: https://1token.tech/
Twitter: https://twitter.com/Crypto1Token
Linkedin Page: https://www.linkedin.com/company/1token/

8
Attracted by the massive wealth, tons of investors have flocked to the crypto market, and the high returns of futures trading have overshadowed the risks. Unlike the stock market, crypto trades do not have any rise/fall limits. In addition, the market stays open for 24 hours a day, which also normalizes drastic rises/falls. As such, crypto traders face both opportunities and challenges.



In the crypto market, futures, which are a type of financial derivatives, come with a margin system that multiplies profits/losses through leverage. Compared with spot trading, futures trading is riskier and more rewarding at the same time. However, we have been warned in countless cases that trading based on feelings alone will only lead to losses. To improve the winning rate, futures traders should work out a customized set of strategies for opening orders. As such, today, we will offer some universal suggestions on opening orders in three stages (before/during/after opening an order).

Before opening an order: Sound asset management

You should not only have coins and USDT in your account but also reserve funds elsewhere in case of extreme market conditions. The value of funds in your futures account should not exceed 50% of the total funds you own. Furthermore, the worth of each order you open should not exceed 10% of the funds in your futures account. This approach effectively lowers the trading risks and leaves sufficient funds to help you manage black swan events.

When opening an order:

1.Control the trade frequency: Trading futures frequently affects a trader’s mindset, reduces the likelihood of winning, and increases the trading cost. The transaction fee could be very expensive as it adds up over the long run.
2.Set the TP/SL price: After placing an order, you need to set the TP/SL price as soon as possible, especially the SL price. It is difficult to predict the peak and bottom of a futures market, and setting the right SL price allows you to reinvest in futures with remaining funds even if you chose the wrong direction.
3.Take suggestions with a grain of salt: Some traders would doubt their decisions after they learn the different trading directions adopted by the so-called “trading experts” or friends around them. Such doubts are irrational because no one, including Warren Buffett, always wins in the investment market. If you open an order based on rational decision, then there is no need to change your mind.

After opening an order:

1.Do not be greedy: Though greed is part of human nature, you must restrain from being greedy in order to win in futures trading. When profiting, you should take profit in time and lock in the profits; when suffering losses that exceed 10% of the total position value, do not hesitate to close your position as soon as possible since the risks are significant, and you can always open another position when the timing is right. Do not trust your luck. The painful experiences of countless investors have shown that going against the market trend will only lead to more losses and eventually forced liquidation.
2.Review your orders: You should learn from the orders you’ve completed and the market, whether it brings profits or losses. Then it’s important to keep improving your trading mindset and strategies until they match your own trading style and tactics, which will improve the error tolerance.
Considering that trading tactics differ among users with various levels of know-how, the suggestions above are simple and suitable for the general investors, especially beginners who have just started trading futures. Trading futures takes a lot of learning. As they say, experience is the best teacher. To keep profiting from futures, you need to constantly place orders and trade and create a customized set of trading strategies to overcome market uncertainties.
*The above cannot be relied on as any investment advice.

9
In December 2020, CoinEx adopted the brand slogan of “Where Innovative Digital Assets Gather”, which indicates that the platform’s growth strategy was to bring innovative, quality projects to users and help them capture the latest trends and seize new opportunities. Guided by such principles, the CoinEx token-listing team always prioritizes the listing of quality cryptos and is never blindly after quantity. Such a rigorous funnel-shaped screening process not only allows users to identify first-rate assets and stay ahead of peers but also earns CoinEx a great reputation, which has brought win-win results for both the platform and users.
Throughout 2021, CoinEx listed 300+ premium cryptos. Meanwhile, helping users select innovative digital assets was no longer a growth target. Instead, it had become the norm of listing all the superior cryptos on the exchange. As the crypto market continues to evolve, a growing number of users flock to the blockchain industry.
However, these beginners are often confused and daunted by the lack of blockchain know-how, the high threshold of trading platforms, as well as the complex operations of crypto trading. As such, CoinEx should not simply strive for the provision of innovative digital assets — moreover, it needs to help beginners complete their first crypto transaction with ease, allow them to benefit from the more convenient circulation of crypto assets, and make the world a better place via blockchain together with users.



To that end, CoinEx has decided to adopt an all-new brand slogan: Making Crypto Trading Easier. CoinEx will function as the bridge between users and the crypto world. As the gateway to the crypto space, the exchange will help more users complete each crypto transaction with ease and shatter the long-standing stereotype that the blockchain industry is inaccessible.
On CoinEx (both on Web and Mobile APP), users can trade cryptos easily and conveniently anywhere they are and whenever they want to. CoinEx strives for simple product designs and easy operations, allowing users to get started with CoinEx products and trade cryptos right away. Meanwhile, the exchange provides an all-encompassing, professional Help Center to guide users from basic operations to advanced trading tactics. On CoinEx, all users can have access to detailed blockchain know-how and all-inclusive guides to trading operations. With the Help Center, even crypto newbies can effortlessly orient themselves in the crypto world.
During the past decade, the blockchain industry saw great changes, and the intensive competition between crypto trading platforms has also ended. In a world where the total market cap of cryptocurrency continues to rise, the crypto market plays a vital role in the financial sector. Meanwhile, a growing number of new users will rush to the blockchain space. CoinEx is keenly aware that the blockchain world requires the contribution of more individuals, and we can only gather more efforts to improve the blockchain sector by making the industry accessible to more users, changing how assets are traded, and breaking the restraints of conventional finance.
“Making Crypto Trading Easier” is not just a slogan — It is a major goal and growth strategy that CoinEx is striving for. The exchange plans to become the bridge connecting users and the crypto world. As the gateway to the crypto space, CoinEx aims to make crypto trading easier.

10
The Avalanche ecosystem has flourished since August 2021. At the moment, the TVL of Avalanche has exceeded $10 billion, making it the fourth largest public chain after Ethereum, BSC, and Solana.



Since August 2021, Avalanche has made many key moves to expand its user base:
Assets: The partnership between Avalanche and the US payment service provider Wyre allows users in over 50 countries/regions (including the US) to convert fiat currencies into DeFi assets in the Avalanche ecosystem;
Avalanche has reached cooperation with the crypto e-commerce platform Shopping.io to enable users to shop on Amazon, Walmart, and eBay through AVAX;
Working with Tether, the network launched Avalanche-native USDT, which was soon recognized by mainstream centralized exchanges. Today, most CEX users can quickly deposit and withdraw the token;
Institutional investors that include Polychain and Three Arrows Capital joined a $230 million investment fund for Avalanche-based projects;
In addition, AVAX will also be listed on Coinbase in September 2021, which is another endorsement for investors.



The above picture shows no significant deviation between the market cap and TVL, which indicates that the AVAX price is within a reasonable range, and the project is neither overestimated nor underestimated.
In the following paragraphs, we will analyze the Avalanche ecosystem in terms of several aspects, covering the team, technology, resources, and association with crypto exchanges.

1) Team

Generally speaking, Ava Lab, backed by Emin Gun Sirer, comes with an excellent team background.
Emin Gun Sirer: As Professor of Information Engineering at Cornell University, and co-founder of IC3, Emin Gun Sirer focuses on cryptography research and published the Karma System in 2003, which is the world’s first distributed crypto system that mints coins through PoW (Proof of Work). This 2003 paper remains the most cited paper in this field;
Kevin Sekniqi: An Information Engineering researcher;
Ted Yin: First author of the HotStuff Protocol used in Facebook’s Libra;
BD VP Lydia C and some employees previously worked at Sureview Capital/Sego (family investment office that once received strategic investment from Blackstone Group);
Ava Lab’s consultants include Maureen O’Hara, a Cornell professor, and Adam Kravetz, an executive at Merrill Lynch.

2) Technology

What is unique about Avalanche is that the protocol itself contains three chains (X chain, C Chain, and P Chain). Moreover, it is also EVM-compatible, making it easily accessible to Ethereum projects. For example, AAVE is already compatible with the Avalanche ecosystem, and over 29% of its TVL comes from Avalanche.
P Chain (Platform): The Platform Chain (metadata chain on Avalanche) works to coordinate network validators and facilitate the creation of new subnets.
X Chain (Exchange): The Exchange Chain is mainly related to asset swapping. It creates assets and allows them to be transferred across subnets. The chain can be regarded as the main chain of Avalanche. Users may directly deposit assets into X Chain through exchanges that support Avalanche, and the X Chain address uses the format of “X-avax”;
C Chain (Contract): The Contract Chain, the smart contract chain on Avalanche, is EVM compatible, and developers can create all sorts of smart contract applications on the chain. By adding the Avalanche C-Chain to Metamask, users can transfer assets through the cross-chain bridge between X-Chain and C-Chain and perform DeFi operations. Since the chain is compatible with EVM, its address starts with “0 x”.

3) Resources

Technical consultants: Avalanche is powered by many well-known cryptography professors and scholars.
Big-name institutional investors: Back in 2019, Avalanche received a $6 million investment from institutional/individual investors that include Andreessen Horowitz (a16z), Polychain, Balaji Srinivasan (former CTO of Coinbase), Metastable, Initialized, and Ramtin Naimi (founder of Abstract Ventures). In May 2020, the project completed a $12 million private-round fundraising, led by five institutional investors that include the US digital investment bank giant Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures, and Dragonfly Capital;
Incredible subsidies: In the first half of 2022, Avalanche has hosted the Avalanche Hackathon (Asia), which offers Avalanche funding & support to the top 10 projects. ViaBTC Capital has also sponsored the hackathon.



During the hackathon, many outstanding projects (e.g. PEPO Paradise) stood out from all the entries, which cover categories that include DeFi, the metaverse, NFT, GameFi, infrastructure & tools, and Web 3.
PEPO Paradise is a mini-game where players raise pets in a sandbox. The most prominent feature of the game is NFT-based pets — players can raise NFTs in their wallets as pets in PEPO Paradise. Finifugu Games, the studio behind the game, boasts rich experience in game development and has developed two quality mini-games: Otter Ocean (50,000+ downloads) and Too Many Cooks (100,000+ downloads) are both casual games with adorable themes.
The team is semi-anonymous, with members from Hong Kong, London, Italy, Thailand, and Taiwan. The games it launched have won several big awards. Backed by entertaining gameplay, PEPO Paradise features three built-in tokens: PPP (governance token), PPF (food token), and PPC (reward token).
Zecrey is another participant that stood out during the hackathon. The bottom layer of this general privacy protocol based on the account model is powered by ZK-Rollup, which enables stronger privacy protection for asset transactions. On Zecrey, all funds are held by smart contracts on the main chain, while calculations and storage are performed off-chain, keeping users’ assets safe and secure through zero-knowledge proofs. While providing transaction privacy, the protocol significantly lowers fees and improves transaction performance. At the moment, the project has already launched a test version, which has recorded strong statistics — the number of people participating in the test exceeded 70,000, with 500,000+ transfer records.
4. Association with crypto exchanges: Though Avalanche is not yet bound to any exchange, it has built an extensive partnership with Matcha, Kucoin, CoinEx, etc. Moreover, Matcha has founded an Avalanche ecosystem fund to invest in infant Avalanche projects.
5. Avalanche projects: Avalanche has built a well-rounded ecosystem that covers DeFi, wallets, tools, GameFi, NFT, privacy tools, etc. Well-known Avalanche projects include Pangolin (the №1 DEX on Avalanche launched by the protocol) and Zero Exchange (DEX). Meanwhile, the protocol also features some famous projects migrated from other public chains, such as SushiSwap, Ren, bZx Protocol, Reef Finance, etc. When these projects were launched on Avalanche, their token price surged, which brought massive funds to the protocol and gradually drove up its TVL.



DeFi: Avalanche features a large number of DeFi projects (70+). We all know that lending and DEX are the two cornerstones for the development of DeFi. According to data from defillama.com, the TVL of Trader Joe (Avalanche’s largest DEX + lending project) has reached $1.4 billion, while that of BENQI (a lending protocol on Avalanche) ranks second, hitting $1.26 billion.
Tools: Avalanche is powered by a wide array of tools (30+). In particular, Avalaunch is the largest launchpad on Avalanche with official endorsement from the protocol. Most projects launched through Avalaunch have recorded strong performance. Aleph.lm is another practical tool based on Avalanche, and also a second-layer protocol for cross-chain swapping. Right now, Aleph.lm supports public chains that include Ethereum, Avalanche, BSC, Polkadot, Solana, Polygon, and Cosmos. In addition, it has introduced functions covering DApps and SDKs and plans to add more features, such as DID, storage nodes, and virtual machines.
GameFi: GameFi remains a hot blockchain segment at the moment. Compared with public chains like Ethereum and BSC, Avalanche has fewer well-recognized GameFi projects. But still, there are some famous ones. For example, Crabada, a popular and profitable blockchain game on Avalanche, has attracted many players with its unique Loot mode.

Conclusion

Many quality projects have flocked to the recent Avalanche hackathon. As more competent developers join the protocol, the Avalanche ecosystem will further flourish. At the same time, the constant updates and improvements of the protocol will expand its growth prospect in the future.
*The above content cannot be relied on as any investment advice.

11
Privacy is a label that has been attached to the crypto sector since the birth of Bitcoin. One of the most prominent features of the mainstream blockchain networks like Bitcoin and Ethereum is that all transaction records are completely open and verifiable. Additionally, each user’s address is independently generated through a random algorithm, and because this mechanism is completely random, all addresses are inherently anonymous. This anonymity is what used to be at the center of privacy discussions in the early days of the blockchain industry.



Apart from anonymous addresses, some simple solutions have been created to enable more private transactions. Back in the early days, most privacy-focused projects built their solutions around the issue of anonymity and used complex cryptography to obfuscate transaction details, thereby protecting users’ privacy while enhancing transaction security. Simply put, when an old address has been divulged, users could transfer their assets to a new address. These privacy-preserving projects only offer services such as CoinJoin, cutting off the direct connection between the old and new addresses.
However, as blockchain technology gradually shifts from the BTC era to the smart contract era dominated by Ethereum, new applications have brought a growing impact on existing anonymous account systems. In the early days, people only use addresses to store the cryptos they purchased. Today, crypto users rely on their address to buy NFT avatars, link their crypto presence to social media accounts, hold domain names, save game items, or publish articles on Mirror. These activities have made it increasingly expensive to keep a crypto address anonymous. Moreover, anonymous transfers are now almost no longer possible due to growingly complex operations. As such, regular privacy-preserving solutions based on CoinJoin often fail to meet the new demands.
Therefore, the blockchain industry needs more advanced privacy solutions that will enable users to hide the cryptos they hold even if their addresses based on real identities are already known to the public. With such solutions, users will no longer have to worry about information disclosures when interacting with DeFi protocols. In addition, they could choose whether to disclose the NFTs that they purchased and are stored in a wallet address.
Early privacy-preserving public chains like Monero and Zcash do not meet such demands as they do not support smart contracts, and the market needs new programmable privacy-preserving public chains to meet these new needs. In today’s market, two typical public chains support smart contracts and enable customized privacy settings for on-chain transactions — Oasis Network and Secret Network. Today, we will dive into these two projects.



Secret Network

Secret Network is a Layer 1 public chain built using Cosmos SDK and Tendermint BFT that independently supports privacy-preserving computation. Like other Tendermint-based chains, Secret Network has a block time of around six seconds and can process thousands of transactions per second. The chain currently supports 50 active validators with an average of 167 delegators per node. As a member of the Cosmos ecosystem, Secret Network seamlessly integrates with the IBC cross-chain protocol and allows for quick interactions with other public chains in the Cosmos ecosystem.



Conventional public chains like ZCash and Monero or Ethereum DApps such as Tornado may somewhat obfuscate the flow of crypto assets and are thus great for private deals or store of wealth but can’t satisfy the desire for anonymity or security within this new financial landscape. For a privacy network to appeal to users in the age of DeFi, its privacy features must also extend to the application layer. That is just what Secret Network brings to existing privacy-preserving technologies. Through cross-chain bridges and DeFi & NFT facilities, the network creates the foundation of an on-chain application ecosystem.

1. Secret Bridge

Liquidity is essential for an infant Layer 1 ecosystem. One of Secret Network’s primary solutions is to connect to other networks with existing user bases and liquidity pools. With the right incentives structure, Secret Network can share the economic activity generated by other blockchains without spending excess resources building a new economy from scratch. The project launched its first cross-chain bridge on December 15, 2020, establishing a connection with Ethereum. It has since deployed bridges to BSC and Monero as well, with a communication gateway to Astar Network in development, as well as a bridge to the fast-growing Terra ecosystem.
Interoperability was also a core reason Secret Network decided to build on Cosmos SDK, which allows developers to add new functionality through plug-and-play modules. One of these modules implements the Inter-Blockchain Communication (IBC) protocol, allowing networks to communicate with other IBC-enabled chains.

2. Secret DeFi

To bring funds from other ecosystems to the Secret ecosystem, a cross-chain bridge alone is not enough. As a Layer 1 public chain, Secret also needs a DeFi ecosystem that provides considerable incentives to attract more initial users. The network now supports SecretSwap, a governance token for SEFI, and a peer-to-peer auction marketplace, which jointly form the basis of the chain’s application ecosystem.

3. Secret NFT

Secret Network’s privacy properties can extend to multiple token types, including NFTs. Secret NFTs assume the same characteristics as Ethereum’s ERC-721 tokens while offering three new features:
Hide ownership of rare items;
Privatize the metadata field (how an NFT signature connects to off-chain data like art);
Control access to the connected content.
Secret NFT has only a few app projects at the moment. Secret Heroes is the network’s inaugural game, and there’s an NFT marketplace in the works according to the project’s latest roadmap update. Despite the slow progress of NFT projects on Secret, the network’s efforts represent its exploration of privacy-focused NFTs.

Oasis Network (ROSE)

Oasis is a privacy-preserving, scalable underlying blockchain based on Cosmos SDK. Its privacy features are native to Oasis. In other words, the blockchain is inherently confidential, which is a major difference between Oasis and other chains. ParaTime Cipher, which will soon be launched by Oasis, will support privacy-preserving smart contracts. In a confidential ParaTime, nodes are required to use a secure computing technology called Trusted Execution Environment (TEE). TEEs are analogous to a black box for smart contract execution. With the use of key management, encrypted data goes into the black box (Secure Enclave) along with the smart contract, where the data is decrypted, processed by the smart contract, and then encrypted before it is sent out of the secure enclave.



The black box only needs to send out messages of “yes” or “no” through the smart contract. In other words, it verifies the authenticity of the private information uploaded by a user without disclosing it, which resolves the dilemma where “private data is needed but cannot be disclosed.” This approach is similar to zero-knowledge proofs. TEE, which relates to hardware, can be a CPU area of a computing device (e.g. a phone, a computer, etc.) used to store private information and make sure that information stored cannot be accessed even if the device is hacked.
In addition to its privacy-preserving features, Oasis is also scalable, which is achieved by separating consensus and smart contract execution into the Consensus Layer and the ParaTime Layer, respectively. Both layers are integrated to provide the same functionality of a single network. The computation layer of Oasis is currently divided into 3 Paratimes that can be executed independently. Each Paratime can perform different types of computations, and then the Consensus Layer can reach a consensus on the state of the computation results, without the need for the Consensus Layer to participate in the computation of transactions. With this flexibility, workloads and upgrades processed on one ParaTime will work symphonically with consensus to independently ensure network security and finality without impacting other ParaTimes.




Apart from the computation layer, Oasis’ Consensus Layer uses the PoS consensus mechanism. Each validator joins the network in a decentralized manner and verifies the transactions that occur in the network. Such a division is a highlight of Oasis. Compared with other public chains, though Oasis has no leading advantages in some aspects (such as TPS), it features parallel transaction processing and privacy protection, making it a more well-rounded public chain in terms of functionality.

Conclusion

To sum up, privacy concerns will be an increasingly important topic in the future. Considering the huge demand for privacy, an Alpha is very much likely to emerge in the privacy category. At the moment, the biggest concern in the privacy segment is not privacy itself but the high cost, inefficiency and poor user experiences of privacy protection. As such, many privacy technologies are yet to be adopted by the average user. Compared with privacy, users prefer applications with high efficiency and low costs. Therefore, privacy-focused public chains should pay more attention to the development of their ecosystem, the tech roadmap (whether compatible with EVM), performance issues (such as TPS), Gas fees, etc. As privacy-preserving public chains expand their ecosystems while improving user experience, we will witness the emergence of premium, useable projects. Let’s look forward to the huge prospects of privacy public chains!

12
As Brazilians celebrated Easter on April 17, 2022, CoinEx Charity worked with the Brazilian singer Mc Lustosa and launched a charitable event for poor children at Jardim Brasil and Parque Edu Chaves in the north of Sao Paulo, Brazil. During the event, staff members sent chocolate-covered Easter eggs to children in these poor communities and celebrated the festival with them. Having sent over 200 Easter gifts, the event delivered both warmth and care to local poor kids.



Easter is just like spring: it is a time of rebirth, renewal, and hope. For poor children in this region who live on public assistance, however, toys and snacks available to the average kid are a luxury. Moreover, they can’t even get Easter eggs on such a major occasion as Easter. To help them taste the joy of receiving gifts, CoinEx Charity prepared Easter egg gifts for 500+ children in poor communities in Sao Paulo, Brazil. Seeing the big smiles on the face of children who received the gifts, CoinEx Charity hopes that the event could leave these children with happy memories.

Help the disadvantaged through good deeds

In 2022, CoinEx Charity launched a $10 million charity fund to help children and teenagers in poor areas around the world through charitable actions, ensuring their basic living conditions while giving them equal access to education. Following the principles of benevolence, mutual assistance, happiness, and sharing, CoinEx Charity strives to help more children in need grow up with good health and happy memories.
Since 2021, CoinEx Charity has launched a series of charitable events across the globe. In December 2021, CoinEx Charity visited children in Uniuyo Teaching Hospital and distributed care packages; on December 31, after Typhoon Rai hit the Philippines, CoinEx Charity immediately responded and offered full disaster assistance and a large donation; in February 2022, CoinEx Charity distributed living supplies to poor families in Iran; on February 15, after Brazil was hit by heavy rainstorms, CoinEx Charity immediately participated in local charitable events and made donations to the disaster-stricken areas.
This April, upon learning that some poor children in remote areas of Brazil cannot receive the traditional chocolate gifts at Easter, CoinEx Charity prepared over 500 Easter gifts and delivered them to each child in person. In just a few months, CoinEx Charity has left its mark around the world.



Charity never stops

According to the 2021 Global Multidimensional Poverty Index (MPI), about 644 million children worldwide are multidimensionally poor. Many children still suffer from hunger, dropout, and disease in many dark corners around the world. Charity should be pursued through real actions, and efforts of public welfare should never stop. CoinEx Charity suggests that the international community should examine the circumstances facing poor children around the world and join hands to care for them. We can only improve the lives of more poor kids and provide them with a comfortable growth environment by making charitable efforts on a greater scale.
As the global impact of the COVID-19 pandemic gradually expands, the world has witnessed more conflicts, and more actions are urgently needed. Meanwhile, helping poor kids has become a pressing issue. Every child deserves a bright future. Always committed to the principles of charity, CoinEx Charity has called for the prioritization of children’s interests in countries across the globe. We should keep all children out of poverty, defend their rights, and protect their childhood. In the future, CoinEx Charity will launch more charitable events for children globally, encourage the general public to lend a helping hand to children in need, and jointly create a better world for children.
Contact us
Email: [email protected]
Twitter: @CoinexCharity

13
Futures, which have no expiry date, are in a class by themselves in the crypto exchange. Since the delivery contract will be delivered on a regular basis, despite a large spread between the contract price and the spot price, the price will go back to the spot level eventually.



With no delivery date, futures can be held by users for good. The lack of a correction mechanism may lead to an everlasting or even growing deviation between the contract price and the spot price, which is a price decoupling as we know. To this end, the futures have introduced a funding fee mechanism to maintain the consistency between the contract price and the spot price and make the former anchored to the latter.
The Funding Fee is settled every 8 hours. When the Funding Rate is positive, the Funding Fee is paid by long traders to short traders; when the Funding Rate is negative, the Funding Fee is paid by short traders to long traders. The Funding Fee will be charged according to the Funding Rate calculated one minute before the last timestamp. For example, when settled at 16:00, the Funding Fee will be charged in accordance with the Funding Rate at 07:59. The Funding Fee is not charged by the platform but paid by/to traders.
The Funding Fee is calculated as below (Take CoinEx for example. The Funding Fee may be subject to different calculation methods in other exchanges):
Funding Fee = Position Value * Funding Rate
Funding Rate = Clamp (MA (((Impact Bid Price + Impact Mark Price) / 2-Spot Price) / Spot Price — Interest), a, b)
*Currently, Interest is 0, a=-0.375%, and b=0.375%.
* Impact Bid Price = Average Price of “Impact Margin Amount” for Bidders, Impact Mark Price = Average Price of the “Impact Margin Amount” for Sellers.
* Clamp(A, B, C): When A is within the range of B and C, take A; otherwise, take B as the lower limit and C as the upper limit (B < C).
It is thus clear that a positive Funding Rate reveals a bullish market, while a negative Funding Rate suggests a bearish market.
So what profit-making opportunities could the Funding Rate offer? First of all, the value of the Funding Rate can function as an indicator of the market sentiment. Yet still, it’s just for reference. After all, a single indicator cannot build up a picture of the general market.
Secondly, arbitrageurs with a relatively large amount of capital can arbitrage using the Funding Rate of futures. Calculated from the data of the previous time period, the Funding Rate is inevitably subject to certain delay, and therefore can be roughly estimated based on the forecast.



When the Funding Rate is on the high side, traders can buy the spot contract of 1 BTC while shorting futures of 1 BTC. In this case, no matter how the BTC price moves, the spot profits can hedge the loss of the futures, and traders can earn the Funding Fees paid by long traders to short sellers. For example, if the current Funding Rate reaches 0.1%, with the BTC price of 41,000 USDT at this moment, there will be a profit of 41 USDT.
The Funding Rate in the next time period matters too. If it plummets, traders can close the position to gain profits. If a positive Funding Rate becomes negative, then traders need to decide whether to go the other way round for arbitrage.
Futures traders must have a keen eye for market data, of which the Funding Rate is a very important part. Only well-informed traders can seize the first-mover advantage and grasp the market sentiment to rake in profits they deserve.

14
Let’s continue with the overview of streaming payment projects.




3. Streamflow

Streamflow is a suite of products that enables organizations and individuals to distribute funds simply and straightforwardly. Currently deployed on Solana, Streamflow supports tokens that include USDT, prtSOL, and several other SPL tokens.
Streamflow builds protocols, SDKs, and applications to help users solve problems in fund distribution (e.g. token vesting, payroll, multi-signature treasuries), allowing them to streamline processes and save time and money. Streamflow’s Product Suite covers:
Token Vesting: An open-source, verifiable, programmable token vesting protocol that features common configurable parameters for token unlocking/vesting, including start/end time (including the locked time), TGE ratio, and release rate;
Stream Payments: A progressively released payment in the form of a time-lock escrow account (see the paragraph below for the specific steps);
Batch Payments: Payroll for a team or reward distribution for crypto natives, including easy one-to-many payments;
Multisig Wallet: Create treasuries and vaults that require M/N signatures.
When creating a stream payment on Streamflow, the sender may enter/select a series of information, including the token type, amount, recipient address, frequency (per second/hour/day/week/month/year), contract title, start date & time, who can transfer contract (recipient, sender, both, or neither), who can cancel contract (recipient, sender, both, or neither), and whether to activate automatic withdrawal.



In addition, Streamflow is backed by a strong lineup of investors, including Jump Crypto, Solana Ventures, GVB, Amber, etc.

4. Zebec

Zebec Protocol is a programmable streaming payment protocol and a multi-currency treasury management tool deployed on Solana. The automatic money streams made possible through Zebec allow businesses, employees, and consumers to completely reimagine how they are paid, how they invest, and how they buy products or services.
Zebec Pay, Zebec’s first application, is an efficient, low-fee payroll solution that enables employees to be paid by the second and immediately use their money. The app now supports Solana tokens that include SOL, ZBC, USDC, and USDT. Zebec Pay is more than just a streaming payment tool. It also offers employees superior crypto-native financial services, covering:
Automated Dollar Cost Averaging: Zebec provides the real-time, by-the-second dollar-cost averaging investing function. Users can automatically convert a percentage of their paycheck into cryptocurrencies, allowing them to invest their salary with greater ease.
Investments & Yield-Farming: Users have complete control over how they use their money through easy-to-program smart contracts, which enables the automatic investment in cryptocurrencies or DeFi applications to earn yield.
Crypto IRA and 401K Accounts: Users can effortlessly allocate a portion of their paycheck to compliant crypto IRA and 401K accounts.
Free Fiat On-Ramp and Off-Ramp: Users can swap their cryptocurrencies into USD and transfer their money to their regular bank accounts without paying any fees.
When creating a stream payment, the sender must first deposit tokens to Zebec protocol and enter/select information that includes transaction name, remark, receiver address, token type, amount, start time, and completion time. If the fixed streaming rate is selected, then the amount and completion time are not required. Instead, the sender should only select a streaming rate (e.g. a number of tokens to be sent per X week(s)/month(s)/day(s)). Once a stream is created, users may also suspend or terminate the stream.



At the moment, Zebec is the only streaming payment protocol that has issued tokens (ZBC), with a total supply of 10 billion. On March 16, Zebec raised $28 million, $21 million of which is from private investors that include Circle, Coinbase, Solana Ventures, Lightspeed Venture Partners, and Alameda Research, and the remaining $7 million was obtained through public sales in partnership with Republic.

Conclusion

Though the core business of all the four projects above is streaming payments, they differ in terms of product design. Concerning the number of networks supported, Sablier ranks №1 and is followed by Superfluid. However, it should be noted that these two projects mainly support EVM-compatible networks, while Streamflow and Zebec support Solana, which is not compatible with EVM. With regard to the type of streams, Sablier allows for streams with a fixed amount, while Superfluid supports streams with a fixed flow rate. Meanwhile, the two only require simple information when creating a streaming payment. On Streamflow and Zebec, on the other hand, users have more options, and more customized information is required when creating a streaming payment.
Each of the four projects has its own unique advantages. Sablier provides a well-designed visual interface, with clearly presented data. Superfluid features a community-based development model that allows members of the community to explore more application scenarios. In addition, its framework enables developers to build more functions. Streamflow makes the protocol more visible, and an operation on Streamflow is converted into text when creating a streaming payment. The most prominent feature of Zebec is that it provides solutions to how employees of crypto organizations get paid. In addition to streaming payments, Zebec also offers streaming investment/management of wages, compliant crypto IRA and 401k accounts, as well as fiat on-ramp and off-ramp.

The table below contains the basic information about the four projects:



IV. Application Scenarios of Streaming Payments

Although streaming payment might not flourish on its own, it is nevertheless a major tool in the Web 3.0 process. One may even argue that it is an indispensable infrastructure. Streaming payments play a vital role in the realization of micro-innovations in Airdrop, IDO, and fund management, as well as the implementation of roadmaps for projects in categories such as DeFi, NFT, DAO, and the metaverse.
The following paragraphs introduce several application scenarios of streaming payments. Readers are encouraged to imagine and explore more use cases of streaming payments.

1. Real-time payroll

Company employees, service providers, or DAO contributors can all get paid in real time through a streaming payment protocol without any spatial/temporal limits. Streaming payments reduce both labor costs and financial costs. With streaming payments, folks will no longer have to waste money on accounting, invoicing, and timestamps. Instead, they simply need to pay Gas fees when creating/terminating a stream, which also improves the money flow. Here is a more specific scenario of real-time payroll: Multinationals could pay their employees based around the world through streams with a fixed streaming rate in real time (compliance factors must be considered). In addition, students of short-term training courses may pay for the courses through streams with a daily frequency, without having to pay a lump-sum fee at the beginning. Finally, landowners in a metaverse could pay their virtual world designers tokens such as MANA through streams with a fixed amount.

2. Token unlocking & airdrops

Private/public investors of a project can often invest in its tokens at a lower price, which is why project teams require such investors to go through a lock-up period. For instance, when distributing tokens, TGE has set a certain percentage that will be locked for six months to a year. When the lock-up period ends, the tokens will be released monthly or daily during a period that ranges from 1 year to 2 years. Such an approach creates management problems for the project team and frays the bond of trust between the project and investors. Here, a streaming payment tool can be used to solve the problem. With streaming payments, project teams will not need to create separate smart contracts. Instead, they will only have to set up simple parameters such as the vesting ratio and the lock-up period on a streaming payment platform to enable the real-time token vesting (as introduced in paragraphs above). At the same time, investors don’t have to worry about the non-performance of the agreement on the part of the project team because the sender would not be able to stop the agreement once a stream is created. Moreover, the project team would not have access to the funds locked up in the agreement.
The same also applies to airdrops. Right now, most airdrops are lump-sum distributions where tokens distributed to users create selling pressure. However, a streaming payment protocol allows project teams to distribute airdrop rewards in real time at a fixed frequency, which mitigates such pressures.

3. Fund management

For example, Zebec’s Automated Dollar Cost Averaging and investment functions allow users to convert a percentage of their paycheck into cryptocurrencies for investment purposes, which enables an automatic investment plan that reduces short-term fluctuations. That said, when it comes to the specific technical implementation, streaming payment protocols and DeFi protocols should form a LEGO. When investing their funds, users could predetermine the amount and frequency of the automatic investment plan (i.e. the automatic & regular purchase of a token). For instance, 1,000 USDT of ETH could be purchased every Wednesday, which saves users the time for fund management.

15
Crypto Discussion / CoinEx | You Ask We Answer Vol.7: Twitter Q&A
« on: April 24, 2022, 12:08:04 PM »
On April 8th, CoinEx organized an Q&A Session on Twitter. Users were encouraged to ask any question about Futures Trading. Hundreds of comments were received, and here we’ve selected some of them to answer. Each selected asker is rewarded a $50 contract cash voucher.



1. @unometralica: As someone who has never used futures in crypto, do you have a working system to ease and assist newcomers in participating to futures trading in your platform?

CoinEx has made multiple product adjustments to help beginners get started with futures right away. To begin with, the exchange provides a simple & straightforward futures webpage that helps users check the present market conditions and existing orders with ease. Secondly, before starting a futures position, users can learn how to trade futures via the Futures Tutorial provided on the webpage by watching the tutorial video and completing the quiz. The tutorial is designed to help beginners get familiar with the process of futures trading as quickly as possible.



Meanwhile, CoinEx also offers a professional, all-encompassing Help Center that allows users to dive right into futures through simple illustrated articles and videos. Moreover, users may also search for new futures jargon through the Help Center.
In addition to user-friendly interactions and all-inclusive futures tutorials, CoinEx has also introduced multiple mechanisms like Auto-deleveraging (ADL) and the Insurance Fund. On CoinEx, the Futures Index Price, which is a more reasonable price mechanism with built-in exception-processing logic, prevents malicious forced liquidation as a result of price manipulation. In short, CoinEx meets a wide range of user demands and helps users trade futures with confidence.

2. @Ava_shoja: What is leverage and line trading? I have been wanting to trade futures for more than a year, but because they say it is risky, it is better to do spot trading. Futures trading is ambiguous for me. Where can I start to learn trades?

Although futures trading is indeed riskier than spot trading, the primary goal of trading futures is to improve one’s capital efficiency. To be more specific, with leverage, we can multiply our principal to increase our capital efficiency. For example, a principal of 10 USDT can be multiplied with a 100X leverage ratio to start a 1,000 USDT position.
Users who are willing to take the risks and try earning higher profits can trade futures. They can also find out more about futures at our Help Center https://support.coinex.com/hc/en-us/categories/360001448453-Futures-Contract before trading.
In addition, users can easily find the Futures Tutorial on CoinEx’s futures webpage to get familiar with futures trading right away. We advise new traders to start a small position with a low leverage ratio at the beginning and move on to more advanced arbitrage operations when they become more skilled at futures trading.

3. @cv_oi0: Why is futures trading necessary in the first place? I don’t think it will add value to the product, but it seems that it is only for the purpose of zero-sum games. Want to know the significance?

Indeed, the futures market is a zero-sum game as it does not generate any profits. However, this does not mean that futures trading is pointless. After all, financial derivatives are invented to improve capital efficiency and solve insufficient market liquidity. Users can also tap into futures to hedge against the risks they face, which is just the aim of futures. For example, some miners worry that the BTC price might fall in the short term, which will lower their profits. Such users could go short on BTC through futures to hedge against the risk of the potential price drop concerning Bitcoins they would mine in the future.

4. @Rozmina17: Please explain the difference between a linear contract and a reverse contract.

In markets of futures, contracts are normally divided into linear contracts and inverse contracts. In the crypto market, linear contracts are also known as USDT-margined contracts or stablecoin-margined contracts as they are priced in USDT, while inverse contracts are also called coin-margined contracts. The greatest difference between the two is that linear contracts are USDT-margined, while inverse contracts are margined by trading coins like BTC.
In markets of linear contracts, all contracts use USDT as the margin, and users only need to hold USDT to trade. On the other hand, inverse contracts are margined by trading coins like BTC and ETH, and users must hold the corresponding coin to trade in a market. For instance, in the BTCUSD inverse contract market, you should deposit BTC as the margin. Simply put, when it comes to linear contracts, holding USDT will grant you access to all markets where linear contracts are traded, while you are required to hold the specified type of coin when trading inverse contracts. Plus, the profits you’ve earned will also be settled in the specified type of coin.

5. @AminurIslamshe2: What is the difference between index price and market price?

Futures involve three prices: the Latest Executed Price, Index Price, and Mark Price. The Latest Execution Price refers to the price at which the latest order (the last order of the execution list on the futures page) was executed in the market. Index Price is a mechanism introduced by crypto exchanges that help prevent losses arising from abnormal price fluctuations on a single platform. It is often determined according to the spot price of multiple exchanges through weighted calculation. Therefore, the price reflects the true market price more fairly. The Mark Price introduces the Funding Fee based on the Index Price, which makes it a more reasonable estimation of the futures price. Most exchanges rely on the Mark Price as the basis for futures liquidation to protect users’ rights and stabilize the futures market.

6. @yugiam06: Why in futures trading, every coin is settled by USDT? But in spot trading, coin can be settled by different coins like BTC and ETH?

In addition to linear contracts settled in USDT, CoinEx also features inverse contracts that are margined by coins like BTC. USDT-margined contracts are the mainstream choice in the present futures market. In its essence, trading a futures contract means predicting the future price trend of a cryptocurrency, which differs from the swapping-oriented spot trading (e.g. BTC-ETH). Moreover, spot trading priced in USDT is subject to wild price fluctuations due to insufficient trading volume or poor liquidity, which magnifies the risks facing the average user.

7. @srvmsrvm23: How should be aware of risk control in futures trading? What are the benefits differ from spot trading?

When trading futures, one should keep the funding ratio within a reasonable range. If a trader is not sure how the price may change, he should avoid trading futures or start a small position. In addition, traders should also take profits and stop losses in time to make sure that the losses do not exceed the acceptable amount. Meanwhile, traders should remain rational after losses and refrain from seeking “revenge” (i.e. opening multiple large positions just to recover the losses). Such emotional trades are more likely to lead to forced liquidation, resulting in unavoidable losses.

8. @Bnc6661: When I enter the buy price the liquidation price is not showing after the trade starts then only we can see the liquidation, why can’t I see the liquidation before the trade.

Before trading futures on CoinEx, users can check the liquidation price using the Calculator provided on the futures webpage. After a position is opened, they can find out about the liquidation price of the contract in Position Details.

9. @AdiPrab10410697: What should we do before trading futures in order to make a profit? how do we analyze a coin that is right for futures?

Traders should control the risks within an acceptable range when starting a position and choose a reasonable leverage ratio according to their financial status. Moreover, they should always set a SL price in advance. At the same time, one should remain calm when suffering losses, and if a trader is confident in his price predictions, then he can also increase the position to lower the risks.
On the other hand, if a trader is not sure how the price might change, he should close his position in time and place an order when the trend becomes clearer. Additionally, it is always sensible to learn more hedging methods and work out a sound trading strategy relying on multiple products like margin trading and spot trading. The essential goal of futures trading is to lock in the profits and lower the losses to earn higher returns.

10. @Crypt765: How we can manage/choose a leverage for a trade at some point in the market?

When choosing a leverage ratio, futures traders should account for the available fund. If a trader is not risk-tolerant, then he should go for a low leverage ratio; if the trader is confident about the future price trend, he could always set a higher leverage ratio as appropriate.

11. @BDeztiny: Can I change leverage on open position?

At the moment, CoinEx users cannot change their leverage on open positions.

12. @cogne0589: Please tell me about Calculation of Liquidation Price on CoinEx?

Let us go through one example. Suppose we start a long position of 1 BTC with a 10X leverage ratio when the BTC price stands at 30,000 USDT. We then deposit an Initial Margin of 3,000 USDT, with an Available Margin of 2,000 USDT in the account. At this point, the BTC price falls by 5%, and the Mark Price now stands at 28,500 USDT. In the meantime, no Margin is manually added. For the convenience of calculation, transaction fees will not be included below. At this point,
The Unrealized PNL = Position Amount * (Mark Price — Avg. Opening Price) = 1*(28,500–30,000) = -1,500 USDT;
The Position Margin = Opening Price + Increased Margin — Decreased Margin + Unrealized PNL = 3,000–1,500 = 1,500 USDT;
Under the Isolated Margin mode, Margin Rate = (Position Margin)/Open Value = 1,500/30,000 = 5%;
Under the Cross Margin mode, Margin Rate = (Available Margin + Position Margin)/Open Value = (1,500+2,000)/30,000=11.67%.
According to the official CoinEx website, the Maintenance Margin Rate is 0.50% when the position level falls between 0–10 BTC, which indicates a Margin Rate of 0.50%. Therefore, the system will liquidate the position. We can then calculate the Liquidation Price in the above case.
Maintenance Margin = Open Value * Maintenance Margin Rate = 30,000*0.50% = 150 USDT
Under the Isolated Margin mode, the Unrealized PNL = Maintenance Margin — Initial Margin = 150–3,000 = -2,850 USDT; the Liquidation Price = Unrealized PNL/Position Amount + Avg. Opening Price = 27,150 USDT;
Under the Cross Margin mode, the Unrealized PNL = Maintenance Margin — Initial Margin — Available Margin = -4,850 USDT; the Liquidation Price = Unrealized PNL/Position Amount + Avg. Opening Price = 25,150 USDT
You can also use the Calculator function on CoinEx to determine the liquidation price.
13. @iman45404171: How can we use stop loss in future trading in CoinEx app?
You can go to CoinEx’s Help Center to find out about how the TP & SL function is used. Click on the link below and follow the illustrated guides step by step: https://support.coinex.com/hc/en-us/articles/4408436566809-How-to-Take-Profit-Stop-Loss-in-Futures-Trading-
14. @Shreyas14971738: Do you have a plan to do some promotional activity to attract more future traders?
In the future, we will introduce more futures trading events. Please keep track of CoinEx’s website announcements, as well as our official news on social media platforms like Twitter and Telegram.

Pages: [1] 2 3 ... 6
Bitcoin Garden 2013-2022, All rights reserved | Privacy Policy | DMCA | About Bitcoin Garden | Support & Services