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BIG GAIN Pre-Token Crypto Opportunity by CoinEx
- CoinEx has launched a Pre-Token Trading program that allows users to invest their USDT on predicting the outcome of certain events, such as the Presidential election and League of Legends contests.
- The program is based on the concept of prediction markets, in which the price of a token reflects the market's belief in the probability of a particular outcome taking place.
- While prediction markets have been around for a while, no centralized exchanges have tried to capitalize on their popularity until now, with CoinEx offering this opportunity to traders.
- Users can mint pre-tokens by investing USDT in them, then trade these tokens on secondary markets like any other token.
- CoinEx tries to balance the benefits of centralized and decentralized exchanges by using AMMs to keep pre-tokens liquid, while also allowing anyone to be a market maker in these tokens.
- CoinEx offers trading fee discounts on the launch of new pre-tokens.
- Other than Pre_TRUMP, which was launched last week, CoinEx has also introduced PRE_T1WIN, giving users a chance to predict the winner of League of Legends contests.
- CoinEx also has its own exchange token CET, which is trading around 10 cents and up over 225% in the last 12 months.
- CoinEx trades in hundreds of coins and over 1200 trading pairs. They are the first major CEX to offer liquidity to Kaspa’s growing KRC-20 token standard, which includes memecoins.
- Altcoin Buzz reminds readers that the information discussed is not financial advice and encourages readers to perform their due diligence before investing in Bitcoin and other cryptocurrencies.
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