CoinEX Arabic AMA

we hosted an amazing AMA with CoinEX Arabic on the 5th of November

And here we will put some of the best questions:

Q1. Who Are You ?

Hello everyone. Thank you for having me today as the guest. My name Is jafer I’m a marketing manager in the CoinEx marketing department. in the CoinEx marketing department.

As a long-standing exchange founded in December 2017 in Hong Kong, CoinEx is a professional provider of cryptocurrency trading services for the world. At its peak in July 2018, CoinEx ranked top in terms of trading volume among all exchanges across the globe. Driven by the core mission of gathering innovative digital assets, the exchange has offered excellent case-specific services and demonstrated the ability to identify high-quality assets, thereby providing the global users with well-rounded and first-rate investment options.

Q2. whats CoinEx exchange functions ?

We CoinEx now Offer derivative trade functions such as spot trading and the perpetual contract, staking，airdrop，fiat, financial account . CoinEx supports BTC/ETH/DOGE/LTE/XRP trading with high-speed matching engine, very fast deposit and withdrawal experience, guarding assets with multi-dimensional security and protection.

Q3. Do CoinEx support Arabic language ?

CoinEx now supports 15 languages that cover English, Arabic,Russian , Turkish, france, spanish and Traditional Chinese and serving users in more than 100 countries and regions.
App & web now CoinEx all support arabic language version，and we will keep update the functions which is more friendly to arabic users
If you want to find more information of CoinEx arabic,you can find in social media like twitter/Facebook/Instagram/Youtube

Also you can also find some CoinEx infos in crypto media like cointelegraph / satoshiat / MENAFN / cryptoarabe / cryptolight

Q4. what is the relationship between Viabtc group and CoinEx exchange ?

CoinEx exchange under viabtc group which has a complete ecosystem of blockchain
Apart from CoinEx, we also have ViaBTC Pool, ViaWallet, and the public chain CoinEx Smart Chain,Viabtc capital. In the development of CoinEx, we focus on the mining pool and exchange business. ViaBTC always remains the top 5 pools in BTC hashrates. Recently, it has ranked as the No.1 BTC mining pool for three consecutive days.

  1. A new activity and new function to let our Arabic users know ?

1)airdrop 500,0000CET activity will start in 11/8(UTC+8),plz check our website coming announcement of it next week :www.coinex.com
Rules:
a.Have not hold CET ever
b.KYC
c.Answer questions of CET

2) CoinEx has launched the function of “Take-Profit & Stop-Loss” for Perpetual Contract on Web on November 3, 2021. (TP & SL for APP is estimated to be supported in December 2021)
What is “Take-Profit & Stop-Loss”
With “Take-Profit and Stop-Loss”, users can set trigger price in advance (I.e. Take-Profit Price or Stop-Loss Price), so that when the mark price or the latest price reaches the pre-set price, market order(s) will be triggered systematically and liquidate all positions at the best price, to achieve the purpose of “Take-Profit” or “Stop-Loss”.

And here we will put best questions from our members and CoinEX Arabic fans:

Q1.What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships ?

Our primary growth targets for the second half of 2021 are the globalization of CoinEx and CoinEx Smart Chain. In the first six months of this year, CoinEx has finished its exploration language areas that include Russian, Spanish, French, and Arabic.

Now our website fully support arabic version.In the next version of app will support arabic , the date is September 3th.

In the coming months, CoinEx will remain focused on its globalization. We hope our globalization strategy will allow more crypto investors around the world to enjoy CoinEx’s products and services.

CoinEx Smart Chain (CSC) bears witness to CoinEx’s effort in the DeFi field. As a smart chain dedicated to DeFi, it can provide developers with an efficient and low-cost on-chain environment. CSC’s compatibility with Ethereum means that almost all DApps, ecosystem components and tools on Ethereum can be migrated to CSC directly or with only minor changes.

We have launched the CSC testnet and officially rolled out a developer recruitment program to encourage more innovative developers to launch projects on CSC and build the CSC ecosystem with us. Development teams without enough resources can rest assured as the CSC Foundation has set up a $100 million seed fund to support excellent, promising projects.

Q2. Coinex is one of the few exchange that hasn’t been hacked, kudos to the team for strengthening the security infrastructure. Could you share some security tips to the community on how we can keep our assets safe from hackers ?

About the audit we CoinEx make audit with slowmist ( https://slowmist.io)

About security and reliable?
This question can be broken down into two parts: anti-fraud measures and anti-hack measures.

In terms of anti-fraud measures, the most common exchange-relevant frauds are the leak of user information and the rampant listing of tokens. The former refers to the illegal use of the relevant information to defraud users, whereas the latter induces users to purchase shitcoins with little value that incur financial losses.

Recently, a number of major exchanges have suffered severe information leaks, and many users received fraud calls and text messages. Such instances have never happened since CoinEx was founded more than three years ago. CoinEx keeps users’ information strictly confidential and has built a sound internal surveillance system to prevent any compromise of users’ privacy.

Besides, CoinEx has adopted a rigorous review mechanism for the listing of new tokens. The CoinEx Cryptocurrency Institution investigates and analyzes each token to be listed on the exchange from various aspects, spanning investment background, team, technology, concept, level of innovation, economic model, prospects, and risk assessment. After investigations, the institution will then rate the crypto project. In the review session that follows, CoinEx has set up multiple review mechanisms, involving representatives who specialize in operation, finance, marketing, technology, product, and legal affairs. Only projects that pass the review will be officially listed on CoinEx.

CoinEx’s anti-hack measures cover the following
four aspects:

System security: This incorporates such strategies as sound risk control systems, multiple reconciliations of the account, and surveillance of abnormal transactions. The aim is to increase system security while offering convenience to users.

Business security: To keep users’ accounts secure and safeguard their assets against hacks, CoinEx continues to perfect the security strategy of its products as it learns from accidents among peers. For example, it has enhanced the security strategy of the API KEY.

Operation security: CoinEx has adopted multiple security measures to ensure server security, such as Two-Factor Authentication (2FA) and Hardware-based Encryption. Additionally, the exchange operates in strict accordance with the principle of least privilege (POLP) and provides multiple backups of important data.

Wallet security: CoinEx practices the multi-wallet approach. For large-scale assets, CoinEx carries out asset custody in collaboration with MatrixPort; and for regular wallets, CoinEx makes multiple physical backups of the encrypted private key.

Q3. By joining in CoinEx Ambassador Team, Can your Ambassadors deeply involve in the exchange’s marketing operations and make joint efforts to create a global business ecosystem ?

CoinEx Ambassadors are ecological partners of CoinEx and solely engaged in promo events in their own names, and are not entitled to undertake or promise any express or implied obligation in writing or otherwise in the name of CoinEx or on behalf of CoinEx.
On the other hand, CoinEx Ambassadors can enjoy many othe privileges including : Monthly pay (settled in USDT) and higher ranking with higher referral commission percentage up to 50%; Exclusive honor certificates and custom CoinEx gifts; High-end training for Ambassadors, preferential rights to participate in offline activities and exclusive seats for VIP; Early-bird access to CoinEx product testing and participation in product development.
Other details and requirements could check in CoinEx official website for CoinEx ambassador:
https://www.coinex.com/activity/ambassador?tab=intro

Q4. What are your plans for global expansion? Currently, which markets to focus on, or is it focused on building and growing to get customers, users and partners ?

Besides our overseas marketing plan, We more focus on product now actually

CoinEx focuses more on product innovation and operation refinement. The exchange has several sectors for its main products and functions, including “Spot Trading”, “Perpetual Contract”, AMM, Margin Trading, and Financial Account. Compared with other new industry leaders, we will not overhaul our products for the sake of momentary trends. At CoinEx, what we pursue is to perfect the existing functions to the utmost. To achieve this, we have introduced spot trading for more asset support and launched contract products for greater market coverage and more liquidity.

AMM is CoinEx’s unique product function. The exchange is the only trading platform where the AMM function is made available in a centralized exchange.

At present, CoinEx has supported over 300 AMM markets. Users’ income mainly comes from the transaction fees refunded by the platform. Unlike traditional decentralized exchanges, AMM allows all users to make the market by providing liquidity, and by doing so, users can receive 50% of the transaction fees in the market or even 100% in all CET markets. The yields the liquidity provider (LP) garners from the transaction fee would be calculated on a daily basis and automatically credited into the market making account the next day. When removing the liquidity, the LP can also withdraw all the yields he has obtained altogether.

Q5.What are the strongest projects in the existing currencies, and is there an upcoming update for CET ?

CoinEx Token (CET) is the platform token of CoinEx Exchange. CET used to base on the Ethereum ERC20 protocol. Since the issuance on July 1, 2018, CET has been unlocked and circulated in the “trade-driven mining” model. A total of 10 billion CET will be issued, without additional issuance. Representing CoinEx users’ value-added service and privilege, CET can be circulated and used in many scenes.

As a platform token with the inherent value, CET is also endowed with more derivative value by CoinEx. CET can be circulated and used in a variety of scenes. Its core values include but are not limited to:

Long-term repurchase and burning;

  1. Long-term repurchase and burning：Since release, CET has been issued and circulated via airdrop incentives, transaction fee discounts, promotions, and team unlocking, etc. Meanwhile, according to the applications of CET, CoinEx will repurchase and burn CET every day with 50% of its transaction fee income, and burn all the CET repurchased monthly at the end of each month, until the total supply of CET reduces to 3 billion.
    Combining users’ feedback and careful consideration, CoinEx made a decision on March 12, 2021. That is, when the “3 billion” target achieved, CoinEx will continue to use 20% of its fee income for CET repurchase and burning until CET is completely burned.
  2. The deduction for transaction fees on CoinEx;
  3. VIP services;
  4. Special events such as “airdrops for new coin listing”;
    CoinEx will also make CET used and circulated in more scenes outside its ecosystem, such as payment.

Q6 AUDIT play an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES . Or are you working to AUDIT your project to make it more secure and reliable?

About the audit we CoinEx make audit with slowmist ( https://slowmist.io)

About security and reliable?
This question can be broken down into two parts: anti-fraud measures and anti-hack measures.

In terms of anti-fraud measures, the most common exchange-relevant frauds are the leak of user information and the rampant listing of tokens. The former refers to the illegal use of the relevant information to defraud users, whereas the latter induces users to purchase shitcoins with little value that incur financial losses.

Q7 How can I join on mining? What are the process?

In CoinEx we have staking function of it plz check our official website:www.coinex.com

Q8 Do you have a Token burning
plan to increase. token value
and attract investors to
invest???

. Long-term repurchase and burning：Since release, CET has been issued and circulated via airdrop incentives, transaction fee discounts, promotions, and team unlocking, etc. Meanwhile, according to the applications of CET, CoinEx will repurchase and burn CET every day with 50% of its transaction fee income, and burn all the CET repurchased monthly at the end of each month, until the total supply of CET reduces to 3 billion.
Combining users’ feedback and careful consideration, CoinEx made a decision on March 12, 2021. That is, when the “3 billion” target achieved, CoinEx will continue to use 20% of its fee income for CET repurchase and burning until CET is completely burned.

Q9 Is your platform suitable for beginners in the field of crypto? Or is it only limited to professional users?

yes its a platform friendly for crypto beginners
if you want to learn how to start trading: plz follow our youtube channel:coinex arabic

And this was the end of our AMA with CoinEX Arabic.

If you have any other questions you can ask here:

https://t.me/CoinExGlobalArabic

ℹ️ℹ️ Useful links ℹ️ℹ️

Website :- http://coinex.org/

Medium :- https://coinexsmartchain.medium.com/

Twitter :- https://twitter.com/CoinexArabic?s=09

Discord :- https://discord.gg/5uBGRW9qSp