CEX will distribute token vouchers to users who get liquidated to promote industry recovery.

On October 14, in the past few days, the global crypto market has experienced significant fluctuations, affecting users, institutions, and the entire industry. For many, the consequences of the macroeconomic downturn have been a painful shock to our emerging industry, impacting not only asset prices but also user confidence. While continuing to advance the specific compensation plan previously announced, we have also developed the following additional support for users and the industry to get through this challenging time together. Today, CEX officially launches the 'Together Initiative'. 1. $300 Million Token Voucher CEX will issue token vouchers to users who meet all of the following conditions, with individual voucher values ranging from $4 to $6,000, totaling $300 million: Users who incurred losses due to forced liquidation from futures and margin trading between 2025-10-10 00:00 and 2025-10-11 23:59 (UTC); the total liquidation loss amount must be at least equivalent to $50; the liquidation loss must account for at least 30% of the user's total net assets calculated based on the Snapshot as of 2025-10-09 23:59 (UTC). CEX plans to start issuing token vouchers within 24 hours and aims to distribute the vouchers to eligible users' Rewards Hub within 96 hours. Please pay attention to in-app and email notifications. Due to the large workload, there may be latency during the distribution process. 2. $100 Million Institutional Support Program For ecosystem and institutional users severely affected by this market fluctuation, CEX will establish a $100 million low-interest loan fund to help them restart trading. This is expected to inject momentum into the recovery of ecosystem participants, alleviate liquidity pressure, and maintain stable operations for ecosystem partners. Eligible VIPs and institutional users can submit applications through dedicated account managers, who will provide prompt responses and strict confidentiality.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)