Dear Coinsuper Users,
We are pleased to announce that Coinsuper will officially launch function on May 20th, 2019 and will give discount to users paying transaction fee with their CEN. Such service is launched based on feedback we got from our community.
This function enables you to use CENs to pay for the transaction fees. The system will discount the fee for the required payment and the equivalent value of CEN will be deducted according to market value. The transaction fee discount schedule of using this function is as follow:
- If you have CEN in your account, our system will enable the “Use CEN for fees” function by default. You can disable this function in the “Personal Centre”.
- Once enabled, equivalent value of CEN will be deducted from your account according to market value to pay for the transaction fees.
*Coinsuper reserves the right to final interpretation of this activity.
Frequently Asked Questions（FAQ ）
1.How to turn on/off the function of “Using CEN to pay trading fees”？
Users can turn on and off the function in “Personal Center”. There will be a reminder on the trading page as well. Please refer to below screen shots.
2.How is the receivable transaction fees calculated into CEN when user’s trading pair is other than CEN?
Taking example of ONT trading pairs, where transaction fees are payable in ONT. If the user has enabled the function to pay transaction fees in CEN, then the actual transaction fee is calculated into CEN with spot market trading rate of ONT to CEN based on the spot price of ONT/BTC and CEN/BTC, so ONT/CEN = (ONT/BTC)/(CEN/BTC).
If the user has disable the function to pay transaction fees in CEN, the transaction fee will be deducted in the trading token balance at standard fee rate.
3.If user’s CEN balance is insufficient to pay for the transaction fee, how is the fee charged?
When a user’s CEN account balance is insufficient to pay for the transaction fee, the transaction fee is charged and deducted from the payable token balance at the standard fee rate.
CEN stands for Coinsuper Ecosystem Network, it is Coinsuper’s platform token based on ERC20 and is issued with a total supply of 1billion CENs only with no further issuance.
CEN empowers Coinsuper to connect global crypto investors, top crypto funds, crypto exchanges, regulatory institutions and blockchain labs in efforts to build a robust ecosystem with strengthened regulation and governance.