CoinEx to Distribute $50,000 in Fractal Bitcoin Tokens

On September 19, cryptocurrency exchange CoinEx will initiate a five-day mining event for Fractal Bitcoin (FB) tokens on the CoinEx Mining platform. During this event, the exchange will distribute 2000 FB (~$50,000) among users who lock in at least 100 CET (~$7).

To participate, users must:

• register on the exchange and visit the FB pool page;
• make a deposit ranging from 100 CET to 50,000 CET.

The event will run until September 24. Users can withdraw and lock CET at any time. CoinEx will credit FB to the spot account within an hour after the mining concludes. Detailed terms are available on the platform’s blog.

“CoinEx calculates mining rewards hourly, based on the proportion of your deposit to the total assets invested by all users. We recommend making early deposits to start earning rewards from the beginning of the mining,” representatives of the platform commented.

CoinEx is a cryptocurrency exchange that has been operating since 2017. The platform supports spot and margin trading, perpetual contracts, and financial management services.

Fractal Bitcoin is a scaling solution for Bitcoin. One of the project’s main features is a mechanism called Cadence Mining.

Earlier, ForkLog published an extensive interview with ViaBTC and CoinEx CEO Haipo Yang on Bitcoin’s price, AI, and mining.