Conditional-Proof of Trading abbreviated as C-PoT, is the unique trading schemed introduced by GX Exchange. C-PoT Trading Zone is based on this trading scheme, and the trading rules of C-PoT is totally different from tradition spot trading.
C-PoT Trading Instructions:
Step1: Deposit/Transfer Token
We take AE as example in order to interpret the trading rules in a comprehensive way.
Assume that AE/USDT trading pair is available on C-PoT Trading Zone (C-PoT as substitution throughout trading instructions), and the price of AE according to crypto market quote is 1.23 USDT, the price of AE on C-PoT will then be 12.3 USDT (We assume the price margin is 10 times. It is determined by project holder.) Investors need to deposit AE/transfer AE from other exchanges or crypto wallets before trading on C-PoT. For instance, investor A deposits 100 AE. These tokens will be locked, in the other word, investor A can’t sell them directly. Buying AE from other investors is needed to unlock these tokens.
Step2: Deposit USDT
According to the assumption above, 100 AE in value of 1230 USDT are locked. Deposit in amount of 1230 USDT are necessary to unlock them.
Step3: Trade Token
100 AE will be divided into two parts after buying them with 1230 USDT: restricted part and free-trade part, and the ratio between two parts is determined by project holder. We take 99%:1% as example.
Free-trade Part: 1 AE. It can be sold immediately.
Restricted Part: 99AE. They will be sold in a certain price and time. Click ‘Sell to Unlock’ to apply.
Certain Price: 0.01% inflation based on latest trading price. According to the assumption, the price of AE on C-PoT is 12.3 USDT, C-PoT system will automatically sell AE in price of 12.30123 USDT.
Certain Time: The amount of token, that are not sold on the first day, selling order with 50% of restricted part (This ratio is determined by project holder.) will be placed in 10AM on the second day.
For instance, Investor A doesn’t sell any AE on the first day. 49.5 AE (50% of 99 AE) in restrict part will be sold in price of 12.30123 USDT automatically on the second day, and 24.75 AE (50% of 49.5 AE) on the third day. Thus and Thus.
Step4: Unlock Token
Daily Unlocking Amount = Trading Volume*Y (Variable, determined by project holder, for instance: 2%)
Maximum Daily Unlocking Amount/Person = Remaining Locked Amount*Z (Variable, determined by project holder, for instance: 5%)
In spite of 0.01% inflation, Investor A completed two trading orders (including buy order + sell order) with 1230 USDT, and 100 AE is locked before trading:
Daily Unlocking Amount= 100 AE*2*2%=4 AE
Maximum Daily Unlocking Amount/Person = 100 AE*5%=5 AE
4 AE<5 AE. Thus 4 AE will be unlocked on the second day.
Daily unlocking amount can’t exceed maximum Daily Unlocking Amount.
Deposits within C-PoT trading zone will be allocated into locked amount on the second day. (T+1) These deposits can be unlocked on the third day. (T+2)
Daily unlocking amount is based on daily trading volume.
Maximum daily unlocking amount is based on remaining locked amount.
Deposit Token -》Deposit USDT -》 Buy Token -》 Unlock Token -》 Buy Token -》 Unlock Token
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