Coin On Launches BETH Zero Order Transaction Fee Activity

04/10/2023 04:59 • Digital Disruptors • 106 views

On April 10th, it was announced that Coin On will launch the BETH zero order transaction fee activity, covering BETH/ETH and BETH/USDT spot trading pairs from 20:00 on April 10th to 20:00 on May 10th Beijing time.

Coin An will launch a month long BETH zero order transaction fee activity

Coin On, a leading cryptocurrency exchange, has recently announced the launch of the BETH zero order transaction fee activity. This activity will cover BETH/ETH and BETH/USDT spot trading pairs and will take place from 20:00 on April 10th to 20:00 on May 10th Beijing time. This move is aimed at attracting more traders to the platform and increasing trading volume on these pairs.

What is BETH?

Before diving into the details of the zero order transaction fee activity, it’s important to first understand what BETH is. BETH, short for Beacon ETH, is an Ethereum 2.0 staking token. It represents the amount of ETH that has been staked on Ethereum 2.0 by a user. By staking ETH, users contribute to the security and decentralization of the Ethereum network and earn rewards in return. BETH is used as a representation of these staked ETH holdings and can be traded on certain exchanges.

What is a Zero Order Transaction Fee Activity?

A zero order transaction fee activity is a marketing tactic used by cryptocurrency exchanges to encourage trading volume on certain pairs. During this activity, the exchange will waive the transaction fees associated with trading the specified pairs for a certain period of time. This can incentivize traders to trade these pairs and can lead to increased liquidity and trading volume.

How Can Traders Participate in the BETH Zero Order Transaction Fee Activity?

To participate in the BETH zero order transaction fee activity, traders simply need to log in to their Coin On account during the specified time frame and trade the BETH/ETH or BETH/USDT pairs. They will not be charged any transaction fees for these trades during the promotional period.

Benefits of Participating in the BETH Zero Order Transaction Fee Activity

Trading during the BETH zero order transaction fee activity can offer several benefits for traders. First and foremost, traders can save money on transaction fees, which can add up over time, especially for high-volume traders. Additionally, increased trading volume on these pairs can lead to tighter bid-ask spreads and more liquidity, which can make it easier for traders to execute trades at their desired price points.

Conclusion

Coin On’s BETH zero order transaction fee activity offers an opportunity for traders to save money on transaction fees and increase trading volume on these pairs. By understanding the benefits of this activity and participating in it, traders can potentially increase their profitability and improve their trading experience on the Coin On exchange.

FAQs

Q: What is Coin On?
A: Coin On is a cryptocurrency exchange that allows users to trade various cryptocurrencies.
Q: How does BETH differ from regular ETH?
A: BETH represents staked ETH on Ethereum 2.0, while regular ETH can be used for other purposes.
Q: What are the benefits of staking ETH?
A: By staking ETH, users can earn rewards and contribute to the security and decentralization of the Ethereum network.
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