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IOTA among the tokens to be listed in CoinEx - IOTA News

17 october 2018, 21:17 by Jesús S. Affigne

IOTA among the tokens to be listed in CoinEx

Six different cryptocurrencies are going to be added before year-end

Cryptocurrency exchange CoinEx has recently announced it will be listing IOTA’s token, along with five other digital assets, following the disabling of their voting feature on October 18, 2018, at 12:00 (UTC). The announcement was made via its official website.

“During the past 6 months, [the voting feature] experienced an upgrade and over 10 thousand CoinEx users have had about 1400 tokens included on the voting page, 4 tokens (Hydro, Seer, NoBS, FuzeX) listed, and 6 tokens waiting in line,” said the announcement. “To continue the selection of digital tokens at a high standard and provide users with various potential options, CoinEx will disable Voting feature for Token Listing at 12:00 October 18th, 2018 (UTC).”

According to the details of this process, the aforementioned cryptocurrency trading platform conducted a review on all the tokens that received more than 1.000 votes before October 15 this year. As a result, six tokens received the thumbs-up for the next listing. The tokens are IOTA (MIOTA), Tezos (XTZ), NEM (NEM), Stellar (XLM), Zcoin (XZC) and Cardano (ADA).

About CoinEx’s Voting feature.

The “Voting For Token Listing” feature in CoinEx was introduced to users back in April of the current year. This system allows ID verified users of the platform to vote for the adding of new tradeable tokens into the exchange, by using their CET (CoinEx’s native token) as vote. 

Since its introduction, the feature saw an upgrade to its voting system. Main changes include restricting the voting feature – only users who have verified their ID can participate – and the introduction of an incentive for creating a project and achieve listing on the platform, rewarded in CET.

Rebating CET

CoinEx also stated that users could apply for a rebate of their CET used for voting if certain requirements are met. That is, tokens used on projects that didn’t reach 1,000 votes or failed the evaluation phase are eligible for reimbursement, which will take place within three business days following the disabling of the Voting Feature.

One thing, though, any CET put on those projects who managed to get listed in the platform will not be refundable, warns the exchange.

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