Through professional evaluation and community research on the project’s application, TRXMarket has decided to launch the first high-quality project TRONAce through LaunchBase at 23:00 April 18th, 2019 (SGT) through selected token launch platform.
Eligibility for Participation
To obtain trading credit, deposit at least 5000 TRX to TRXMarket contract addresses prior to the trading.
Deposit Time: 22:00 April 15 - 22:00 April 17, 2019 (SGT)
The deposit channel will be closed at 22:00 April 17, 2019 (SGT). The deposited TRX will be used in ACE trading. The unused balance will be refunded to the addresses within one hour after 3-rounds trading.
Note: After obtaining the credit, TRXMarket will refund any deposit if the individual fails to get a share of the trading.
There will be a personal cap on every account, and the cap is proportional to the total amount of TRX deposits during deposit period. Maximum amount of deposit is up to 30,000 TRX.
TRONAce Trading Details
Total Token Supply：100,000,000,000 ACE
LaunchBase Trading Allocation in Total：3,000,000,000 ACE（3% of total token supply）
Opening Hours: 23:00 (SGT) April 18, 2019 . There will be three rounds of 10-minute “limited price” trading. Each round will automatically end when all the shares are sold.
First round: 23:00:00—23:09:59; Trading with 600,000,000 ACE (0.6%)
Second round: 23:10:00-23:19:59; Trading with 900,000,000 ACE (0.9%)
Third round: 23:20:00-23:29:59; Trading with 1500,000,000 ACE (1.5%)
The highest tradable price for the three rounds are:
First round: 1 ACE=0.0015 TRX
Second round: 1 ACE=0.0018 TRX
Third round: 1 ACE=0.0021 TRX
Trading Mode: Users can trade with market price when using the trading pair of ACE/TRX at TRXMarket.
TRXMarket will list ACE/TRX trading pair for unlimited trading on 00:00:00 April 19.
1. Users can only trade with market price during the laddered price phase. After that, the market will be open to both market price trading and limited price trading;
2. API ordering is not supported during the laddered limited price phase;
3. Due to its fluctuating nature, digital asset trading contains high risk that could cause partial or total financial loss. Users shall take caution and assess their own risk-taking capacity. This announcement and other information available on TRXMarket shall not be taken as investment advice, and TRXMarket is not responsible for any direct or indirect damages arising out of such information. TRXMarket is also not liable for any guarantee or compensation.
4. TRXMarket will forfeit the trading share upon any cheating behavior.
We would like to thank you for your continuous support. We will try our best to provide more quality, more convenient and more transparent trading services for decentralized digital assets and their derivatives for our community supporters. Please stay tuned for more of TRXMarket LaunchBase.
TRXMarket reserves all rights for final explanation.
April 9, 2019