Dear CoinEx users,
CoinEx will launch the "Lock CET or BTC to Share 400,000 BABYLON" event. With a minimum lock of 100 CET or 0.0001 BTC, you can join and share 400,000 BABYLON! The details are as follows.
1. Duration:
(1) Early Lock: 10:00 Apr 10 - 8:00 Apr 12, 2025 (UTC)
(2) Mining: 8:00 Apr 12 - 8:00 Apr 15, 2025 (UTC)
2. Participation requirement: All CoinEx users who have completed primary verification
3. Pool Distribution
The total prize pool is 400,000 BABYLON, and the distribution is as follows.
| CET Pool |
Total pool |
240,000 BABYLON |
|
Hourly reward |
About 3,333.33 BABYLON | |
|
Min. lock per person |
100 CET | |
|
Max. lock per person |
50,000 CET | |
| BTC Pool | Total pool | 160,000 BABYLON |
| Hourly reward | About 2,222.22 BABYLON | |
| Min. lock per person | 0.0001 BTC | |
| Max. lock per person | 1 BTC |
4. How to Participate
Step 1. Purchase CET or BTC to prepare for mining.
Step 2. Go to the event page.
Step 3. Select the CET or BTC pool, and lock a minimum of 100 CET or 0.0001 BTC.
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.
(3) CoinEx Mining FAQ
About BABYLON
The Babylon project is dedicated to designing security protocols to expand Bitcoin's capabilities in protecting the decentralized world. Babylon has developed a suite of security-sharing protocols.
This suite currently includes two protocols: Bitcoin timestamping and Bitcoin staking. The Bitcoin timestamping protocol sends succinct and verifiable timestamps of any data to Bitcoin. The Bitcoin staking protocol allows Bitcoin to provide economic security to decentralized systems through trustless self-custodian staking.
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 10, 2025