HomiEx will list BNT for aggregate trading at 14:00, January 4(UTC+8).
Since the BNT/USDT is Aggregate Trading pair, the deposits & withdrawals will not be supported. Should there be further progress on the wallet support, it will be announced in the future official announcement (to know more about the Aggregate Trading Pairs, please refer to the end of this announcement).
About BNT (Bancor Network Token)
Bancor is a decentralized exchange protocol that allows for the creation of liquidity pools to trade assets.
Bancor is composed of smart contracts (called “liquidity pools”) designed to perform algorithmic token trades and pooling of on-chain liquidity. Supporting both ERC-20 and EOS tokens, Bancor implements a liquidity pool curve on both Ethereum and EOS networks.
Prices are determined by the reserve balance of coins deposited into the protocol, divided by the token's total supply multiplied by a reserve ratio.
BNT is the Bancor protocol token. When users create or stake in a Bancor pool, users are required to do so in equal values of ERC-20 token + BNT (or EOS token + BNT). It offers cross-chain conversions and positive network effects; it is also expected to be used for staking in Q2 2020.
On January 1st 2020, ETHBNT tokens were airdropped to BNT token-holders. ETHBNT tokens represent a Bancor pool token representing shares in the ETH:BNT liquidity pool i.e., these tokens collect fees from ETH-based conversions on Bancor.
Join in Spot Trading And Earn HMJF
Event Period: 14:00, Jan. 4 to 14:00, Jan.5, 2021 (UTC+8)
Rewards: 1,010 HMJF
1. Users can join in spot trading for BNT/USDT to earn HMJF as reward, HMJF can be used to spin Wheel of Fortune. Details as follow:
500 HMJF for 1st place user in spot trading for BNT/USDT during event period,
200 HMJF for 2nd place user in spot trading for BNT/USDT during event period,
100 HMJF for 3rd place user in spot trading for BNT/USDT during event period,
30 HMJF for 4th to 10th place users in spot trading for BNT/USDT during event period,
2. Users need KYC2 verification to earn the rewards.
How to spin Wheel of Fortune?
About Aggregate Trading Pairs
When a user buys and/or sells currencies on HomiEx, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves.
Aggregate trading is commonly used in the trading industry. The purpose of HomiEx aggregate trading is mainly to provide our users with access to new and popular assets.
HomiEx aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HomiEx.
HomiEx will evaluate the holding amount of these aggregate trading tokens later and consider docking with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Thanks for your support!
Risk Warning: Investing in cryptocurrency is akin to be a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HomiEx attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. HomiEx is not liable for investment gains or losses.