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:
https://medium.com/@AlchemintIO/sdusd-will-be-listed-on-coinmex-on-25th-january-6e1c02143fed
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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