Pirate Chain (ARRR) Set For Trading on CoinEx

Pirate Chain (ARRR) Set For Trading on CoinEx

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

CoinEx has announced the latest token to be listed on their platform, Pirate Chain (ARRR).

While a token with the name Pirate Chain and an abbreviation of ARRR might sound like a bit of a humorous investment, if we have learnt anything from DogeCoin, this should not put you off a token. And in the case of AARR, this is certainly true and the firm has some very serious principles at their core.

What is ARRR?

The focus of the cryptocurrency is based around concepts important to crypto traders, such as being decentralised and private.  With it being an important asset chain of both Zcash (ZEC) and Komodo (KMD) ecosystem.  As such, it has a multi-faceted purpose and plenty to offer the world of blockchain.

More specifically, the Pirate Chain operates via “sapling” shielded transaction and mining block rewards. It also plays an important role in improvements surrounding Monero (XMR)’s privacy and security function. While in terms of the aforementioned, Zcash (ZEC), it is solving their fungibility problem. 

All of this combined illustrates that the token has not only its own functions and abilities, but its existence has a wider positive implication for other tokens, many of which are more well-known than itself. As such, it shouldn’t be underestimated or ignored by would-be traders.

How To Trade ARRR at CoinEx

Deposits of ARRR went live earlier today, at 4:00 (UTC), but full trading isn’t scheduled to be enabled until tomorrow morning, December 18, 2019 (UTC), at the same time of 4:00 (UTC). When it does, ARRR/BTC will be the pair by which you can invest.

When trading does go live, a trading event will be hosted from the moment it launches until 16:00 (UTC) on December 20th, 2019. During this event, users who have a net buy of more than 500 ARRR can participate in the ranking and the top 10 users are set to share 20,000 ARRR as a reward. The total amounts will be distributed as follows:

  • No.1:  8,000 ARRR
  • No.2: 5,000
  • No.3: 3,000 ARRR
  • No.4 – No.10: Equally share 4,000 ARRR

Also, please note, during the event, ACM withdrawal function will be temporarily closed.

If you are looking to get involved, then make sure you get investing some point during the times stated, otherwise you will merely have to make do with standardised trading of this exciting new trading prospect.

Ending the year on a High

This is the second big news from CoinEx in two days. Yesterday we revealed the news that the platform was also poised to launch its new referral program, whereby users will be able to benefit from up to 40% commission on people they refer to CoinEx. The full details of this update, you can read here.

With these two things considered, it appears that CoinEx are set to end the year in the same way they have so far been going over the course of 2019. This year has been incredibly busy for the platform. Alongside various other listings, the platform also launched a margin trading service, an options trading service and of course, their own native chain which saw the launch of their DEX platform just 2 months ago.

With all these developments, 2020 is looking very promising for the platform and we are excited to see where it takes them. We are fairly confident that a whole range of new products and services will be due to launch, but what exactly they will remains to be seen.

If you are interested in any of these mentioned services or want to get involved in this trading event, go to CoinEx and check out all they have to offer.

Recently Similar News

Latest Guides

Latest News

Bitcoin,eToro,Trading

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021
Bitcoin,Investment,Trading

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021
Sponsored

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020
Blockchain,Changelly,Cryptocurrency,Exchange Platforms

Changelly Adds Ardor, Ignis, and NXT to Changelly PRO

Changelly, the online cryptocurrency exchanges, has added three more tradable assets to their Changelly PRO platform. Changelly, the large online crypto exchange, has recently added an additional three cryptocurrencies to their Changelly PRO platform, Ardor, Ignis, and NXT. All three tokens developed by Jelurida will be tradable against BTC as ARDR/BTC, IGNIS/BTC, and NXT/BTC. Jelurida […]

6 November, 2020
Crypto Wallets,Exchange Platforms,Kraken,Ledger

Ledger Phishing Scam is Targeting Crypto Wallet Users

Ledger, the cryptocurrency wallet company, has been massively affected by a data breach and phishing scam. Ledger, the world renowned cryptocurrency hardware wallet producer, is facing a lot of problems with a data breach that is being used to target their customers. Kraken Intelligence, the intelligence arm of the Kraken cryptocurrency exchange, analyzes this data […]

5 November, 2020
Bitcoin,Blockchain,Cryptocurrency,Ethereum

Ethereum on Track to be First Blockchain To Process $1 Trillion In Yearly Transactions

Ethereum, the second largest cryptocurrency by market cap, is preparing to break the $1 trillion mark in yearly processing. Ethererum, the largest cryptocurrency behind Bitcoin, is on track to be the first blockchain to process over $1 trillion in transactions in a single year. Currently, the Ethereum network is processing more than double the amount […]

4 November, 2020
Binance,Blockchain,Cryptocurrency,Exchange Platforms

Binance is Giving Away $20,000 in Fifth Learn and Earn Series

Binance, the largest online cryptocurrency exchange, is hosting its fifth learn and earn series, this time with Orion Protocol. Binance, the worlds largest cryptocurrency exchange, will be hosting their 5th Learn and Earn campaign in collaboration with the Orion Protocol. In this campaign, Binance will be giving away $20,000 worth of ORN, the native cryptocurrency […]

3 November, 2020
Bitcoin,Blockchain,Cryptocurrency,Exchange Platforms

Bitcoin Monthly Prices Finishes at Second All-Time High

At the end of October, Bitcoin has registered its second highest closing price of all time. Bitcoin bulls continue to rejoice as Bitcoin closes at its second highest monthly price in the history of the digital currency. Bitcoin closed October with a price hovering right around $13,800, the second highest monthly price finish besides the […]

2 November, 2020