Dear BigDEX users,
BigDEX has launched the PairLaunch function which provides all users to list the tokens. Pairlaunch has supported all the tokens within Mixin Network so far. BigDEX will not provide the deposit, withdrawal and trading services for the tokens which Mixin Network does not support now.
Take the BTC/USDT trading pair as the example, BTC is the Base token and USDT is the Quote token. The base token is that users can list through our Pairlaunch.
The Quote token only includes BTC, ETH, and USDT. There will be more Quote token for you to select later.
Note: The USDT at BigDEX now is ERC20 token.
Apply for PairLaunch
Everyone can list the token you want to list through the Pairlaunch.
- When applying for PairLaunch, you need to have the base token in your BigDEX wallet.
The user who initiates the token to list at PairLaunch can pay 100% of the fee to complete the whole process. If the user initiates the listing and would like to list the token with other users, he/she should at least pay 10% of the fee. As to the other users who participate in, they need to pay at least 1 ONE and the amount should be an integer.
Before the 10th token listed, it takes 100k ONE to list a token. The PairLaunch fee will increase 100k ONE per time for every 10 token listed which means once the 10th token listed, it takes 200k ONE to the token. The maximum PairLaunch fee is 1 million ONE.
For example, User A initiates a token to list and before this, there are already 10 tokens listed. Thus, A needs at least 20k ONE to initiate. And it needs 200k ONE to get listed.
Once the Pairlaunch fee is met, the token will get into the「Launched」list and get listed within 72 hours.
1. If the project is the「Pre-launch」state, the initiator can stop it.
2. If the project does not complete the Pre-launch within 7 days, the token can not get listed.
3. In the two situations above, BigDEX will charge all the ONE the initiator paid when he/she initiated. If the initiator paid a certain amount of ONE later, that part will be returned. The participators' ONE will also be returned.
For example, if one project needs 200k ONE to get listed, the initiator paid 50k ONE when he/she initiated it and paid 80k more ONE later. The other participators paid 20k ONE totally. Thus, BigDEX will charge all the 50k ONE the initiator paid when he/she initiated. The 80k ONE the initiator paid later and the 20k ONE the other participators paid will be returned.
4. According to < The Instruction of ONE Token Ecosystem>, 50% of the Pairlaunch fee will be used to repurchase ONE and the ONE repurchased will be destroyed.
5. If the token listed has no trading volume for 2 weeks, it will be delisted.
BigDEX owns the ultimate explanation right of PairLaunch.
Thanks for your continuous support and love.
September 24, 2019