On Friday, January 25th, Alchemint’s SDUSD stable coin will begin trading on the CoinMex exchange. The listing will be supported by a trading competition that will run from January 25th to 30th. CoinMex will be the first centralized exchange to trade SDUSD.

SDUSD will be paired with BTC, USDT, and NEO.

SDUSD deposits began at 4:00 pm (UTC +8) on Wednesday, January 23rd. Trading is scheduled to start at 4:00 pm (UTC +8) on Friday, January 25th, and withdrawal functionality will be available from 4:00 pm (UTC +8) on Monday, January 28th.

Trading Competition

The trading competition will take place between January 25th and 30th and offers two reward pools as follows:

SDUSD/NEO trading pair

  • 1st Place: 500 NEO
  • 2nd Place: 300 NEO
  • 3rd Place: 100 NEO
  • 4th – 10th: 50 NEO
  • 11th – 20th: 50,000 SDS
  • 21st – 50th: 10,000 SDS

SDUSD/BTC trading pair

  • 1st Place: 1,000 SDUSD
  • 2nd Place: 500 SDUSD
  • 3rd Place: 200 SDUSD
  • 4th – 10th: 50 SDUSD
  • 11th – 20th: 50,000 SDS
  • 21st – 50th: 10,000 SDS

Participants will need to trade a net minimum of 1,000 SDUSD tokens to be eligible for rewards

About CoinMex

At the time of writing, CoinMarketCap lists CoinMex at #57 in 24-hour trading volume with slightly more than $18 million in volume.

Further, CoinMarketCap reports the exchange offers 63 trading pairs, with ETH, BTC, and USDT as the base assets.

The full article can be found at the link below: