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CoinUp will launch the platform ecosystem's new token CPX Genesis IEO, and spot trading will open on June 9th.
Deep Tide TechFlow News: On June 8, the cryptocurrency trading platform CoinUp announced that it will soon launch its new ecosystem token CPX Genesis IEO event. It is reported that this IEO will adopt an innovative “lossless bid” and “sunshine-wide coverage” mechanism. The funds users contribute to participate in the bid will be fully and automatically returned after the event ends. If the total bid amount is oversubscribed, the system will allocate CPX quotas to all eligible participants on a pro-rata basis.
According to the official schedule, this IEO bid will be open from 12:00 to 14:00 on June 8 (Beijing time). Token settlement and distribution will be completed between 14:00 and 16:00 on June 8. CPX spot trading will officially be listed at 20:00 on June 8 (Beijing time).
The official statement said that, as the new-generation core token replacing the original platform token CP, CPX will be widely used in a variety of scenarios in the future, including platform VIP benefits, trading fee discounts, ecosystem governance, and value capture.