Announcement of Changing CRS Smart Contract Address

Dear CITEX users:

Due to the contract upgrade of the Ceres Token, the CRS smart contract address needs to be changed and decided to replace CRS with CRSTK. At the request for the project team, CITEX will suspend CRS trading and withdrawal services at 23:59 on May 20, 2020(UTC+8). Users with CRS please join Telegram contact project party to exchange CRSTK(1 CRS: 1CRSTK). After completing the new contract address exchange, CITEX will resume CRSTK trading, deposit, and withdrawal.

More details please click the Ceres Token official announcement: 

https://ceresglobal.org/news-detail/17/important-notification.html

CITEX Enables Backup Domains 

Dear CITEX users:
 
To enrich the access of our platform, CITEX has added backup domains. If one of them cannot access, please switch the other freely. Here are the details:

Main domain: www.citex.io

Backup domain: www.citex.me

Backup domain: www.citex.co.kr

Thanks for your understanding and support!

CITEX Will Support The DEFIS Hard Fork Airdrops To $XGM Holders

Dear CITEX users,

CITEX will support DEFIS Hard Fork by Grimm platform and airdrop $XGM(DEFIS) and $GRIMM(GRIMM) to XGM holding users. The details are as follows:

CITEX will suspend XGM deposit and withdrawal services before the block height on the main network reaches 430,000 (expected on May 30), but trading will not be affected;

CITEX will take a snapshot of XGM holders at a main network’s block height 430,000, and airdrop XGM(DEIFS Chain) and GRIMM(GRIMM Chain) at ratio 1:1. The announcement will be made after the distribution is finished;

DEFIS hard fork airdrop only to CITEX users who holding XGM. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.

Note:

After the DEFIS hard fork is completed, The ticker(XGM) of Grimm chain on CITEX will be changed to GRIMM, and the XGM/BTC trading pair already launched on CITEX will be changed to GRIMM / BTC;

After finishing distributing the token airdrop, CITEX will successively open XGM(DEFIS Chain) trading, deposit and withdrawal services;

Regarding FEFIS Hard Fork, please check the picture below or click “DEFIS Hard Fork” for details.

Announcement on Awarding Prizes For GKC Net- Deposit and Trading Competition on CITEX

Dear Users,

The GKC Net-deposit and trading Competition on CITEX platform has come to the end, and the list of prizes is published below:

Notes: Due to the limited space, winners can check prizes in the Asset Center of the webpage.

Event Link：https://citex.zendesk.com/hc/en-us/articles/900001024366

Congratulations to the users above on winning the event prizes. All the prizes will be awarded within 5 working days. Currently there are still prize winning events live. Please follow our announcements.

Announcement on the Resumption of PMEER Deposit Services

Dear CITEX users,

CITEX will resume PMEER deposit services at 10:00 on June 6, 2020 (UTC + 8). We apologize for the inconvenience it caused during the suspension!

Announcement on the Resumption of LTC Deposit/Withdrawal Services

Dear CITEX users,
 

CITEX will resume LTC deposit/withdrawal services at 16:00 on June 6, 2020 (UTC + 8). We apologize for the inconvenience it caused during the suspension!

CITEX Will Merge the Shares of ETH3S, BCH3L, BSV3L and BSV3S

Since the net value of leveraged ETF products ETH3S,BCH3L, BSV3L and BSV3S are lower than 0.1USDT, they trigger the Share Merging Mechanism. As such, CITEX will merge the shares of them at 14:00 (UTC+8), June 9.

The 10 shares of ETH3S, BCH3L, BSV3L and BSV3S will be merged into 1 share respectively. Consequently, the net value per share of ETH3S, BCH3L, BSV3L and  BSV3S will be up 10 times, while user's holding amount will be down to 1/10.In this connection, user’s total asset will stay the same after the merging. 

Introduction of leveraged ETF：https://citex.zendesk.com/hc/en-us/articles/360040112351-Introduction-of-leveraged-ETF

Announcement on the Launch of FIL6 in CITEX Main Board Trad Zone

Dear CITEX users:

FIL6 will be launched on CITEX main board trade zone with the opening of FIL6/USDT trade pairs.

【Launch Time】 

FIL6 Trade: 18:00 on June 9, 2020 (UCT+8)

【Project Introduction】

InterPlanetary File System(IPFS) is a peer-to-peer distribution protocol open to the world, designed to complement(or even replace) the HTTP that dominates the Internet. The system seeks to connect all computing devices with the same system of files. It adapts content-based addressing instead of location-based addressing, which means what the users are searching for is not a specific address but the content stored on the internet without checking submitter’s identification. It is the hash of the content that is needed to be identified. In this way, the IPFS makes the web faster, safer, stable and resilient.

Filecoin is the activating layer based on IPFS. It builds a de-centralized storage market by activating token on the IPFS. FIL6 is the future of Filecoin that will be launched in June: the contract snap of initial exchange offering (with a lock-up period of 6 months):

Announcement on the Resumption of EPIC/YEC Deposit/Withdrawal Services

Dear CITEX users,

CITEX has now resumed EPIC/YEC deposit and withdrawal services. We apologize for the inconvenience it caused during the suspension!

Announcement on Supporting XGM Hard Fork Upgrade

Dear CITEX users,

To support the hard fork upgrade of XGM, CITEX will suspend XGM deposit and withdrawal services at 05:00 on June 9, 2020(UTC + 8). Time to resume the service will be announced separately.

Thanks for your understanding and support!

Announcement on Suspension of TRTL Deposit and Withdrawal Services

Dear CITEX users,

Due to wallet maintance，CITEX suspended the deposit and withdrawal services for TRTL. Time to resume the service will be announced separately.

Thanks for your understanding and support!

Announcement on Suspension of XGM/BTC Trading Services

Dear CITEX users:

XGM has been forked on June 10th，CITEX will suspend XGM/BTC trading pairs at 13:30 (UTC+8) on June 10th, 2020. Please cancel the pending orders in time.

Thank you for your support of CITEX!

CITEX Will Launch Leveraged ETF New Products

Dear CITEX users,

In order to satisfy the trading demand of various users,CITEX will launch leveraged ETF New products at 18:00 (UTC+8), June 10th.

Leverage ETF entrance: CITEX official website navigation bar-"Exchange"-"ETF Trading Area"  

Announcement on the Resumption of CZZ Deposit/Withdrawal Services

Dear CITEX users,

CITEX has now resumed CZZ deposit and withdrawal services. We apologize for the inconvenience it caused during the suspension!

*Released/Repurchased/Destroy Quantity of CTT of May 2020*

Dear CITEX Users,

Up to May 2020, data of CTT total supply/CTT circulating supply/CTT Destroy Amount is publicized as follows:

CTT Total Supply: 550,570,687 CTT

CTT Circulating Supply:  117,078,584CTT

CTT DestroyAmount: 9,449,429,312 CTT

Detailed data related to CTT release/repurchase/destroy in May 2020 is publicized as follows:

Total CTT release in May(including one-click mining, marketing, and community operations): 2,058,806 CTT

Repurchased and destroyed trading commission income in May : 3,608,162 CTT

Destroy address:

https://cn.etherscan.com/tx/0xfdaa386c9124286a56b3fbee544152eafd240b23bc0cde8ad93d24cc867d861c

CTT Total supply after destruction: 550,570,687 CTT

View address: 

https://etherscan.io/token/0x13c2b7f851e756415cf7d51d04dcf4f94a5b382e

Thank you for your understanding and support!

Introduction and Rules of Volatile ETF

1. Introduction of volatile ETF

Volatile ETF is an open-end fund listed and traded on CITEX Exchange with variable fund shares. Volatile ETF is an innovation of traditional ETF that can realize high throw low suction in a volatile market and win long-term steady profits through the adoption of position management techniques.

Volatile ETF products on CITEX Exchange are designed as sustainable products with no expiry date. The products are priced in USDT and no management fee is charged except the commission. During the operation of the products, a professional team carries out automatic position adjustment and risk management. The net value of the products will not be zero and there is no risk of forced liquidation. Anytime investors can buy or sell in the secondary market, which makes it convenient to realize high throw low suction and win steady profits in a volatile market.

 2. Naming rules of volatile ETF

BTC_VL: “BTC” means that the held position of the ETF bottom position is BTC. “V” refers to the English word “Vibrate”, indicating that the ETF is worthwhile to be held in a volatile market. “L” refers to the English word “Long”, indicating that the ETF is worthwhile to be held by investors who go for BTC long.

BTC_VS: “BTC” means that the held position of the ETF bottom position is BTC. “V” refers to the English word “Vibrate”, indicating that the ETF is worthwhile to be held in a volatile market. “S” refers to the English word “Short”, indicating that the ETF is worthwhile to be held by investors who go for BTC short.

3. Operation mechanism of ETF

Volatile ETF on CITEX Exchange is managed by a professional financial engineering team that conducts real-time position management and risk control to ensure that the ratio between the net value of ETF and the allocated BTC position stands at 2:1.

Take ETF of BTC_VL long during BTC vibration as an example. Suppose that a user buys ETF of BTC_VL of 100 USDT and the CITEX platform allocates BTC of 50 USDT to the user. When BTC rises by 10%, the net value of ETF will change to 105 USDT. At this time, the net value of ETF is bigger than the position of BTC, therefore, the platform will adjust the position of the allocated BTC according to the position adjustment mechanism by selling BTC of 0.025 USDT, so as to make the allocated BTC position at 52.5 USDT and its ratio to the net value of ETF stands at 1:2.
The position of volatile long ETF is dynamically increased during the fall of underlying assets and is dynamically reduced during their rise; while the position of volatile short ETF is dynamically reduced during the fall of underlying assets and is dynamically increased during their rise.

Volatile ETF can fully take the fluctuation of the market to realize high throw low suction in the volatile market for long-term steady profits.

 4.Investment suggestions

If an investor goes for BTC long trend in the long run but is afraid that bitcoin will go for a volatile rise and hopes to realize high throw low suction in a volatile market, the investor can choose the volatile long ETF (BTC-VL) for long-term holding.

If an investor goes for BTC short trend in the long run but is afraid that bitcoin will go for a volatile fall and hopes to realize high suction low throw in a volatile market, the investor can choose the volatile short ETF (BTC-VS) for long-term holding.

Announcement on Delisting STG
Dear CITEX users,

In order to provide a good experience, CITEX will re-evaluate and review the development status of launched coins and according to "Delisting Rules”:

CITEX will delist STG/USDT trading pair at 18:00(UTC+8) on June 16, 2020,

If you have placed orders , please complete orders before 18:00(UTC+8) June 16. If you do not complete, CITEX will cancel it.

Thank you for your support for CITEX!

Announcement on the Resumption of TRTL Deposit/Withdrawal Services

Dear CITEX users,

CITEX has now resumed TRTL deposit and withdrawal services. We apologize for the inconvenience it caused during the suspension!

Announcement on the Resumption of GKC Deposit/Withdrawal Services

Dear CITEX users,

CITEX has now resumed GKC deposit and withdrawal services. We apologize for the inconvenience it caused during the suspension!