Dear CITEX users,
Binance Coin (BNB), Fetch.AI (FET) and Celer Network (CELR) will be launched in CITEX Main Board Trade Zone with the opening of BNB/BTC, BNB/ETH, FET/BTC and CELR/BTC trade pairs.
Top-up: April 11, 2019, 15:00 (Hong Kong time, GMT+8)
Trading: April 11, 2019, 15:00 (Hong Kong time, GMT+8)
Cash withdrawal: April 11, 2019, 15:00 (Hong Kong time, GMT+8)
Binance Coin is a token issued by Binance and called “BNB” for short. The total issue is 200 million permanently without any additional issue. BNB is based on decentralized blockchain digital assets issued by Ethereum. It is an ERC 20 standard token based on Ethereum blockchain.
Fetch.AI combines machine learning (ML), artificial intelligence (AI), multi-agent system, and decentralized distributed ledger technology to build an economic network. With tangible guidance and prediction, digital agents for economic active units (such as data, hardware, service, staff, and infrastructure) can do their jobs efficiently. Fetch is dedicated to making autonomic systems popularized in all markets. Currently, the process of market autonomy requires the input of massive labor and materials while automatic economic transactions are beneficial to efficient and smooth market operations. According to the vision of Fetch, everyone will have multiple economic agents on the Fetch.AI platform. Through parallel or cascaded operation, the agents will formulate solutions for complicated problems of today and even future, which will be more graceful and outstanding than the manual version.
Fetch tokens are divisible tokens of a fixed number that are used on the Fetch.AI network as the digital currency for all transactions, as well as for network operations such as secure communications. In addition, nodes and agents need to pledge some tokens to obtain certain operation qualifications (a safety mechanism preventing malicious behaviors).
Celer Network is a high-performance layer-2 scaling platform that aims to bring the Internet scale into blockchain through above technological renovations and facilitate the great vision of implementing blockchain commercialization. Based on traditional off-chain solutions, it has proposed a new technical solution and economic model, which proves to bring performance enhancement of a magnitude level through experiment simulation. CELR tokens may be used as margins for liquidity borrowing and fraud-proof bonds, payment media for payment channel registration fees, transaction fees and other potential service fees. In addition, during the first five years of the system operations, new CELR tokens will be generated through PoLC mining, while LiBA just needs to pledge the tokens, which will be returned to the lender after the mortgage period. Upon the completion of the five-year PoLC mining period, LiBA will start to consume CELR, which will be injected into the system as consecutive PoLC mining awards instead of being returned to the lender.
April 11, 2019
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