Dear Users,
Due to popular demand, BingX will add a new trading pair to its Spot market on 2023-05-10 at 10:25:00 (UTC+0). The specifics are as follows:
• Asset: CETUS
• Trading Pair: CETUS/USDT
The asset aforementioned is a token on the SUI network whose mainnet integration is underway. The deposit and withdrawal services will be opened as soon as it's tested. The actual opening time shall prevail.

About CETUS

$CETUS, the native cryptocurrency of the Cetus Protocol, powers a decentralized exchange (DEX) that employs the concentrated liquidity market maker (CLMM) trading model. Launched in 2022 on the Aptos and Sui blockchains, Cetus stands out by allowing liquidity providers (LPs) to strategically allocate funds to specific price ranges within pools. This CLMM model optimizes liquidity utilization, offering a more efficient alternative to the traditional automated market maker (AMM) mechanism. LPs can choose from various modes such as Conservative, Active, Full Range, and Custom, tailoring their participation to different tokens and risk profiles. The protocol introduces Position NFTs to confirm LPs' price range positions and facilitate liquidity mining within those ranges.

The value of $CETUS is rooted in its innovative features and comprehensive approach to decentralized trading. The CLMM model concentrates liquidity in specific price ranges, leading to superior efficiency compared to traditional AMMs. This not only benefits liquidity providers with increased rewards but also reduces slippage for token swappers. Cetus further stands out with its flexible liquidity provision modes, encouraging strategic decision-making by LPs based on market conditions. The liquidity mining mechanism on Cetus is designed to be more rewarding for active LPs, distributing rewards based on performance rather than the amount contributed to the pool. Additionally, the protocol supports range orders, enabling single-sided liquidity mining and mirroring popular methods from centralized exchanges.

Beyond its direct benefits to liquidity providers and traders, Cetus contributes to the broader DeFi ecosystem through its oracle services. The Cetus Oracle records and communicates information on liquidity and pricing data in pools, providing valuable insights for DeFi developers and platform operators. This information can be integrated into other DeFi protocols, enhancing their functionality. Operating on technically superior blockchains like Aptos and Sui, Cetus addresses the limitations of Ethereum, offering cross-blockchain compatibility and bridging to over 20 other blockchains via the Wormhole SDK. $CETUS presents a holistic and efficient decentralized trading experience, combining the advantages of the CLMM model, innovative liquidity provision, and valuable oracle services on advanced blockchains.

The upcoming addition of $CETUS to the BingX Exchange will enable users to trade the token easily by selecting CETUS USDT. Comprehensive analyses, covering aspects like price estimations, token valuation, investment considerations, and other pertinent insights, will be made available through the CETUS Price Analysis Tool. Users seeking a detailed walkthrough on purchasing crypto can refer to the How to Buy CETUS Coin guide for step-by-step instructions.

Please Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
 
BingX Operation Team
2023-05-10
 
BingX Official Channels
Official Website: https://bingx.com/en-us/
Risk Disclaimer
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