99Ex Listing update: Stable Coin Trading Pair

December 26, 2018

Cyborg

We’re going LIVE on 99Ex!!!

WHEN?

CHSB Deposit: 12.27 12:00PM HKT
CHSB Trading: 12.28 12:00PM HKT
CHSB Withdraw: 12.30 12:00PM HKT

WHAT ARE THE BENEFITS?

The 3 CHSB trading pairs will:

  1. CHSB/BTC
  2. CHSB/ETH
  3. CHSB/USDT

That’s right! We will now have a STABLE coin as one of our trading pairs. What exactly does this mean and what are the benefits of having USDT as a trading pair?

  1. A way to hedge your CHSB when suffering from a general bear market. USD Tether is ‘tethered’ to the U.S. Dollar fluctuating at a 1:1 ratio.
  2. USDT trading fees are generally cheaper than USD trading fees
  3. Thanks to the ease/ convenience of the factors listed above, the overall daily trading volume could increase

HOW MUCH ARE WE CHARGED?

Regarding the trading fees, the current rates are desirable:

Deposit — ZERO fee
Trading — 0.002%
Withdrawal — ZERO fees, users only need to provide mining gas fee depending on ERC20

WHY 99Ex?

Listing on 99Ex not only gives Japanese users better access to CHSB trading which is currently restricted, but also opens up the SE Asia market, a core market where 99Ex is aiming to expand (target 3mm users by the end of 2019). This will bring more potential CHSB buyers as well as future customers on our platform. Also, listing on 99Ex also gives us the possibility of future listing in OKEx which (Supposedly) has 10 million users. And since many top exchanges such as Binance and Huobi no longer accept new listings directly, and only through incubated exchanges, this is our best option as of today.

For those who missed our previous post about 99Ex, please read more here.


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