Announcement of Launching Internal Liquidity Mining Event for ADA

Light Coin Exchange will be launching ADA /USDT trading pair at 17:00 UTC+8 on November 13. To celebrate this listing event, Light Coin Exchange is launching an internal liquidity mining promotion for ADA. The reward prize is the ADA coin.

Pending order mining rewards

Time: 17:00 on November 14 to 17:00 on November 21 (UTC+8)

Promotion trading pairs: ADA/USDT

Light Coin Exchange takes a snapshot of the ADA/USDT trading pair every 5 minutes, records the number of pending orders for the top 10 buy orders, and the top 10 sell orders, then calculates the return, and distributes ADA as rewards on the end of the event. The daily mining reward for each trading pair is 50 ADA.

Mining reward calculation: The reward coefficient of buying order return is calculated by the amount of the pending order, the weight of the pending order and the time frame, and the selling order return is uniformly calculated with the first sell order price as the calculation price, the weight of the pending order and the time frame to calculate the reward coefficient.

* Reward of the day = amount of pending order * weight of pending order * time frame of pending order / total reward coefficient for the top ten orders *50 ADA

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