Coin8 exchange, specializing in high-leverage futures and perpetual trading, is thrilled to introduce its groundbreaking platform token, C8C. This token is poised to redefine the interaction between users and the platform, ushering in a new era of collaborative governance, sharing, and co-construction in the Web3 space.
C8C is Coin8’s native token, bringing unique benefits to its holders. It offers weekly incentives from platform profits, providing users with a share in Coin8’s success. Moreover, C8C holders gain governance voting rights, enabling them to directly influence the platform’s decisions.
Tokenomics and Distribution
Coin8 has carefully designed the tokenomics of C8C to promote sustainable growth and stability. The total supply of C8C is capped at 1 billion tokens on the Arbitrum blockchain. The distribution plan includes:
- 15% for promotion mining
- 15% for private sale (ending on June 12th, 2024)
- 15% for transaction mining
- 15% for the investment protection fund
- 10% for team incentives
- 10% for brand building
- 20% for the ecological fund
Tokens will be released in phases, with specific lock-up periods and release schedules to ensure market stability and long-term growth.
Weekly Incentive Mechanism
A unique aspect of the C8C token is its weekly incentive mechanism. Coin8 will allocate a portion of its net profit fees to an incentive pool:
- 20% of net profit fees will be used for quarterly buybacks until the total token supply is reduced to 400 million.
- The remaining 80% will be distributed as weekly incentives, with 30% of this amount going to C8C holders based on their token holdings.
Incentive Programs
To further boost user engagement and reward top performers, Coin8 will introduce several innovative incentive programs immediately upon launch:
- Lucky20 Promotion Reward: Coin8 will randomly select 20 users each week to receive special rewards, encouraging continuous participation and activity on the platform. This program aims to keep users engaged and motivated by offering surprise incentives that can range from bonus tokens to exclusive access to new features.
- Top10 Trading Reward: To recognize and reward the highest-performing traders, Coin8 will rank the top 10 traders based on their trading volume each week. These top traders will receive significant rewards, including bonus C8C tokens, fee discounts, and other exclusive benefits. This program is designed to foster a competitive spirit and drive higher trading volumes on the platform.
About Coin8
Founded in November 2023 and headquartered in Singapore, Coin8 exchange utilizes cutting-edge AI technology to enhance the trading experience. The Coin8 technical team, boasting seven years of extensive experience in the cryptocurrency exchange sector, ensures top-notch security and efficiency.
Coin8 invites all crypto enthusiasts and traders who value a fair and transparent trading environment to join and benefit from this innovative platform. By leveraging the C8C token, users can actively participate in the platform’s growth and governance, marking a significant shift in the futures trading landscape.
Website:https://www.coin8.co
Twitter: https://x.com/Coin8_Exchange
Facebook: https://www.facebook.com/Coin8Exchange
LinkedIn: https://www.linkedin.com/company/coin8-exchange
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