Dear Users,
Coinstore Launchpad's sub-platform Coinstore Prime is about to launch its second project - Cointrading (CNT). The subscription will be based on a new "HODL model", where Coinstore will determine the amount that can be invested based on the user's base amount and the 6 day average daily position in INVT.
The snapshot of INVT positions for this event will be validated from 22 September 2022 to 27 September 2022 (UTC+8) and the CNT/USDT spot pair is scheduled to go live on 29 September 2022.
CNT Prime Period: Sept. 22, 12:00, 2022 - Sept. 29, 16:30, 2022 (UTC+8)
CNT Token Details：
• Token Name: Cointrading
• Ticker/ Token Symbol: CNT
• Token Type: BSC
• Contract Address:
• Total Supply: 100,000,000 CNT
• Total Supply to Coinstore Launchpad: 1,333,333 CNT（1.33%）
• Number of Rounds: One
• Token Commited: USDT
• Subscription Price: 1 CNT = 0.015 USDT
• Initial Circ. Supply When Listed on Coinstore: 1,333,333 CNT（1.33%）
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Prime Details & Schedule are as follows:
| CNT Prime | HODL Task | INVT position assessment cycle | Single User Subscription Base Amount | Hard Cap Per User | Start of Subscription (UTC+8) |
End of Subscription (UTC+8) |
Total Supply | Subscription Price | Vesting/Unlocking Rules |
| Prime Event A | Yes | 2022/9/22 - 2022/9/27 | 0 USDT | 1,000 USDT | 2022/9/28 16:00 (UTC+8) | 2022/9/29 16:00 (UTC+8) | 1,000,000 CNT | 0.015 USDT | 100% unlocked |
| Prime Event B | No | - | 100 USDT | 100 USDT | 333,333 CNT |
About Prime Event A (HODL Task Event)
How can I participate?
- The average number of INVT positions held by a user during the 6-day assessment period of the position snapshot specified in this campaign determines the maximum amount that a user can participate in. During the distribution period, the user agrees to use USDT from the spot wallet to participate in the token subscription.
Is there a limit to the USDT I can commit?
- The maximum amount a user can invest is determined by the user's 6-day average daily INVT position. The user can increase the final subscription limit by increasing the average INVT position during the assessment period. Note that the maximum limit increase for a single user is 1,000 USDT and that the subscription limit will not be increased after the limit increase reaches 1,000 USDT, even if the average INVT position increases.
How is the final allocation calculated?
- As there is a hard cap on the number of tokens that can be distributed to each user, the final allocation amount of tokens may differ from the estimated amount, please subject to the final distribution result. For the rules of token allocation, please go to "Activity Rules" - "Token Distribution" on the event page.
INVT HOLD TASK
- From 22 September 2022 to 27 September 2022, the user's average daily INVT position for 6 days (i.e. sum of coins held per day/6 ) will be recorded and the final average daily position will determine the maximum amount that the user can commit.
- Users have a base subscription amount of 0. The final subscription amount of subscription = the amount of limit increase from INVT HODL task.
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6-Day INVT HODL Task: For every 1,000 INVT holdings in the 6-Day average position during the assessment period, the subscription limit will be increased by 2 USDT, up to a maximum of 1,000 USDT limit increase.
- Once the events are live, you can check the '6 day average position' and 'current limit increase' of your position at any time on the event page. In addition, please ensure that your spot account balance is greater than the required USDT committed amount during the subscription process.
CNT Deposit and Withdrawal-TBD
About Cointrading (CNT)
Cointrading is an all-new quantitative trading software dedicated to providing users with an exclusive trading experience and powerful trading strategy tools.
Terms & Conditions
1. All participating users must follow Coinstore terms and conditions. Users from the following restricted countries or regions are not allowed to join the event.
Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Myanmar, Mainland China, Democratic Republic of the Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Trinidad and Tobago Tunisia, Uganda, Ukraine, Venezuela, Yemen, Zimbabwe, North Korea, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.
2. During the Subscription Period, you can click on the "+" in the pop-up window displayed after clicking the "Commit Now" button and jump to the corresponding crypto deposit page, or top-up manually.
3. The maximum amount of USDT you can commit is equal to your "Subscription Cap".
4. Your subscribed tokens will be distributed to your Spot Account before the distribution ends.
5. The HODL task will take a random snapshot of the user's position in tokens during the assessment period. The snapshot will be taken at a random time and a variable number of times, and will take the minimum value of the snapshot position on that day for the task calculation.
6. Please note that the "HODL Mode" will not be limited to Prime sessions going forward. As such, we may use average HODL-task token balances calculated for a period prior to the time an announcement is made.
7. Coinstore shall be entitled to disqualify users who make profits through malicious acts, including opening multiple accounts for additional gifts and other acts involving illegal, fraudulent, or harmful effects.
8. Coinstore reserves the right of final interpretation of this event. If you have any questions, please contact our customer service.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Coinstore is not responsible for your trading losses.
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