Issued in January 2018, CoinEx Token (CET) is a value-added services & privileges scheme based on CoinEx’s business ecosystem.
CET is issued on Ethereum ERC20 protocol and has been migrated to our self-innovated CoinEx Smart Chain (coinex.org) acting as gas.
Since release, CET has been issued and circulated via airdrop incentives, transaction fee discounts, promotions, and team unlocking, etc.
Meanwhile, according to the applications of CET, CoinEx will repurchase and burn CET every day with 50% of its transaction fee income, and burn all the CET repurchased monthly at the end of each month, until the total supply of CET reduces to 3 billion.
Combining users’ feedback and careful consideration, CoinEx made a decision on March 12, 2021. That is, when the “3 billion” target is achieved, CoinEx will continue to use 20% of its fee income for CET repurchase and burning until CET is completely burned.
⭐ Deducted as trading fees - CET can be deducted directly as trading fees with the same market value at the dedicated discounts.
⭐ VIP services and privileges - Users with a certain amount of CET holding can obtain VIP membership and enjoy privileges such as fees discount, withdrawal acceleration, exclusive customer service, etc.
⭐ Exclusive promotional privileges - CET holders are entitled to special qualifications for promotional campaigns on CoinEx such as airdrop incentives, Accelerator support for quality projects etc.
⭐ CoinEx Smart Chain - As a built-in token for CoinEx Smart Chain to circulate and act as gas, CET is based on the POS consensus protocol, decentralized and energy-efficient, making it easy to build your own decentralized applications.
⭐ Stay tuned for more applications - Aside from circulating within CoinEx Ecosystem, CoinEx plans to extend the usage and applications to scenarios such as payments etc.