Christmas and New Eve’s time is around the corner and yet the bull market too! To celebrate the past 2 years building an Ecosystem consisting of 63 platforms and to further expand the awareness of Webcoin and Webhits.io, we are now taking a big step to the future!
We, at Webcoin, believe in innovation and we think that Coinex Chain and CoinEx DEX are the next big things in the field after the successful similar launch done by Binance Chain followed by Binance DEX.
Why we believe that CoinEx DEX & Chain will do great over the long course of time?
CoinEx.com is a flawless user friendly exchange owned by the Bitcoin mining giant Bitmain. CoinEx core team are from world leading internet and finance companies, including the earliest adopters/professionals of cryptocurrency who boast rich experience in R&D, global operations and services in the industry. With its proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. CoinEx now supports multiple languages and are providing global trading services in nearly 100 countries/regions.
Webcoin(WEB) will be available to trade on CoinEx DEX against CET token on their Bancor market at first! What does this mean and how does it work?
The CoinEx DEX Bancor market works exactly the same way as any other exchange by matching orders. For example, you want to buy 1 WEB for 1 CET, you place your buy order and when there is a seller who is willing to sell you their 1 WEB for 1 CET and place a sell order — your order will match and the trade will be executed. It is as simple as that.
How can I transfer my ERC20 WEB tokens to the CoinEx DEX?
We made the process quite simple for you, just fill out the form below and make sure that you have at least 1 CET in your CoinEx wallet to have your wallet been activated! We will then send you the WEB tokens based on the CoinEx Chain.
Will that affect the circulation supply of WEB on CoinMarketCap? Is this a fork?
Not at all. We have created equivalent amount of WEB CoinEx based tokens or total of 70 mil. Conversion from WEB ERC20 to WEB CoinEx Chain will only be available through our form.
This is not a fork. We are expanding our partnerships and horizons and we are always looking to offer the best possible solutions to our clients. The CoinEx Chain so far has shown great results in matter of faster and cheaper transactions than the Ethereum blockchain. Which is also one of the reasons why we will continue to explore options to implement payments using the CoinEx chain as well.
Will this lead to any changes on exchanges?
No, not at all. You can trade WEB token normally on all markets it is available as usual. Furthermore you will have the opportunity to also trade WEB/CET on CoinEx DEX Bancor market.
How to create a wallet on CoinEx Chain and how to trade WEB on CoinEx DEX?
We found this tutorial useful: https://www.youtube.com/watch?v=2h-abbRXn9I&t=
1) Go to https://dex.coinex.org/ and follow the steps to create your wallet
2) In order to activate your wallet, you must hold at least 1 CET token. The easiest way to buy CET token is by registering an account on CoinEx.com. On the exchange CET token could be bought with ETH, USDT, BTC, BCH and USDC.
3) Transfer CET tokens to your CoinEx DEX wallet address
4) Once your CoinEx DEX wallet is active, you are ready to trade WEB! Go to the “Exchange” tab and in search the box in the left corner type: WEB(as shown on the picture below)
5) Place your buy/sell order by fill out the required fields on the right hand side of the screen and you are good to go!
500,000 deposit airdrop!
The first 250 of you who convert 50,000 or more WEB ERC20 tokens to WEB CoinEx chain will receive additional 2,000 WEB CoinEx Chain tokens. The airdrop will conclude as soon as 250 addresses have converted each 50,000 or more WEB erc20 to WEB CoinEx Chain tokens.
Please note: A conversion back from WEB CoinEx Chain tokens to WEB ERC20 tokens is not available at the moment. It might be available in future, but this is to be determined.