Coinex: ULT Airdrop

Here is info on the ULT Airdrop at Coinex. If you are not already on Coinex then please sign up here:
https://www.coinex.com/account/signup?refer_code=qfdx5

Coinex is the creator of the really cool coin called CET. You can read more about CET here:
https://steemit.com/introduceyourself/@roloyolo/new-steemian-longtime-lurker

I liked what I read in that article:
The below paragraph is from the above article with images and is directly quoted with steemit markup in tact:

One thing I learned from my former colleague Paul (whom I mentioned earlier) is that bitcoin should form a very big part of your cryptocurrency portfolio. If you spend some time on twitter or instagram you will quickly notice all this hype about bitcoin and hodling. Hodling bitcoin is not going to get you rich. I'm pretty sure if you bought bitcoin and held it to December you would be making money. The time you spend waiting and hodling does not generate you any actual income.

The point I'm trying to make is that you actually have to sell bitcoin if you want to get any money out of it. I mean you could be [email protected] and you could be homeless with a ton of bitcoin, but unless you sell any of your bitcoin you will still have no money. This aspect of many cryptocurrencies has made me very interested in the idea of coins that implement the concept of proof of stake. Proof of stake coins allow you to make cryptocurrency from staking(and basically hodlig) the given cryptocurrency. For example CET which is Coinex's coin that makes use of the idea of proof of stake pays out various cryptocurrencies if you hold CET. Each coin that makes use of proof of stake has its own business model, but the idea behind Coinex's CET and Kucoin's KCS is very similiar. The exchange buys cryptocurrency each day using a percentage of the profit made by the exchange from charging fees for using the exchange. The exchange then pays out the various cryptocurrencies it bought to users who hold their given coin. Kucoin pays out in KCS if I'm not mistaken and CET pays out in BCH(crap coin in my opinion), Tether and various other currencies. Coinex has a very cool thing they are doing where they buy up a certain amount of CET from time to time using some of the exchanges's profits, they then take that CET and "burn" it. The echo the CET to /dev/null :) Just kidding, but yeah, by burning CET they are decreasing the supply of CET which in effect increases the overall value of CET owned by users of the exchange. An important factor no note with these kind of coins that do POS and that are tied to an exchange is that you should be able to withdraw the coin , even though withdrawing that currency would be a ridiculous thing to do, they should still give you as the consumer the ability to withdraw the coin. Why? Well if you aren't able to withdraw the coin then there is kind of no guarantee that you actually hold the coin, also they could be faking the statistics around the coin. Fortunately we can look at the transaction volume for an erc token on etherscan. So for example here is KuCoin's KCS on bloxy(Cool site btw that you should check it):
https://bloxy.info/token_stat/0x039b5649a59967e3e936d7471f9c3700100ee1ab

This got me really interested in CET and Coinex.
I have a friend who claims he had a few hundred dollars of CET and BTC in his coinex account and one day logged in and from hodling CET his balance had shot up to $2000 in only a few months. In any case let's look how CET works:

Dear CoinEx users:
 
Deposit of Ultiledger (ULT) is now available in CoinEx; We will support its trading and add ULT/BCH, ULT/BTC, ULT/ETH trading pairs at 3:00 Sept 19th, 2018 (UTC).
 
Official website: https://www.ultiledger.io/
Contract add: https://etherscan.io/token/0xe884cc2795b9c45beeac0607da9539fd571ccf85
White paper: https://www.ultiledger.io/files/whitepaper_en.pdf
Introduction: https://labs.coinex.com/?p=242⟨=en
 
Deposit ULT & Get CET
From 3:00 Sept 18th to 3:00 Sept 25th, 2018 (UTC), deposit 500 ULT and get 1 FREE CET. The more you deposit, the more FREE CET.
During our 1-week promotion, we will give away a total amount of 100,000 CET. First come, first served.
Click [HERE] to Deposit ULT NOW
 
500,000 ULT Airdrop to CET holders
At 0:00 Sept 19th, 2018 (UTC), CoinEx will take a snapshot of all user's CET assets and give away 500,000 ULT among all qualified CET holders, against the ratio = Your CET asset / Total circulating CET asset in CoinEx. 
The giveaway will only be available for ONE time. The more CET, the more FREE ULT.
Qualification: Users with MORE than 10,000 CET asset are qualified for the airdrop.
 
500,000 ULT Airdrop to XRP holders
At 0:00 Sept 19th, 2018 (UTC), CoinEx will take a snapshot of all user's XRP assets and give away 500,000 ULT among all qualified XRP holders, against the ratio = Your XRP asset / Total circulating XRP asset in CoinEx. 
The giveaway will only be available for ONE time. The more XRP, the more FREE ULT.
Qualification: Users with MORE than 1,000 XRP asset are qualified for the airdrop.
 
1 MILLION ULT giveaway for ULT buyers
From 3:00 Sept 19th to 3:00 Sept 26th, 2018 (UTC), CoinEx users have a chance to share 1 MILLION ULT based on your ULT net buying volume (calculated in USD value) in the period:
NO.1: 150,000 ULT
NO.2: 100,000 ULT
NO.3: 50,000 ULT
NO.4-10: 30,000 ULT per account
NO.11-20: 20,000 ULT per account
NO.21-30: 10,000 ULT per account
NO.31-50: 5,000 ULT per account
NO.51-70: 3,000 ULT per account
NO.71-100: 1,000 ULT per account
Please refer to [Exchange] for Rankings.
 
Attention
Deposit
1. ULT withdrawal is NOT available during the promotion and will be resumed after 3:00 Sept 25th, 2018 (UTC).
2. CoinEx may end the promotion in advance after giving away all FREE CET.
3. Please pay attention to the coin name before making any deposit in case of any unnecessary asset loss.
4. Coins/tokens purchased via trading or Inter-user Transfer doesn't count as "Deposit" and are NOT available for Deposit promotions.
Airdrop
After the snapshot, these coins will be allocated to qualified CET & XRP accounts in an hour.
Trading
1. During the promotion, we will take a snapshot of all ULT holders' assets at the beginning as well as the time of ranking update. Accordingly, the result of these two snapshots will be marked as "Volume A" and "Volume B". Meanwhile, the total ULT deposit of each user during the promotion will be marked as "Volume C", i.e. your Net buying volume (ULT) = B - A - C
2. Qualification: ID verified users with MORE than 100 USD worth of ULT trading volume are qualified for the promotion.
3. Your ULT net buying volume will include that in BCH/BTC/ETH markets and be calculated into USD value against the real-time rate when the promotion ends; CoinEx will allocate these FREE ULT to your accounts in 3 working days after the promotion.
 
Follow us & Stay tuned
CoinEx will keep you updated on our website, official announcement, APP, Facebook, Twitter, Telegram, Reddit, in our apps and via email.

If you wanna sign up for coinex please use this link to sign up:

https://www.coinex.com/account/signup?refer_code=qfdx5