CET: Fueling the CoinEx Ecosystem and Empowering Users

CoinEx Token (CET) was born in January 2018 as a value-added service and privilege scheme within CoinEx's business ecosystem. CET was initially issued on the Ethereum blockchain based on the ERC-20 standard. As the native token underpinning CoinEx exchange, CET powers the platform's expanding ecosystem. Acting as the “fuel”, CET enables a host of capabilities that directly benefit users on the exchange.

Pivotal & Ongoing Burning Solidifies Full Circulation

Since its listing, CET has been distributed through airdrops, trading fee commissions, promotions, and team unlocks. In March 2021, after considerable unlocked supply, the remaining 1.08 billion CET was burned in the largest platform token burning ever. This pivotal burning marked a pivotal moment for establishing CET in full circulation and setting it on a course for long-term value accretion.

CoinEx continues burning CET with 50% of all trading commissions, greatly reducing supply over time. This significant burning coupled with daily CET buybacks provides enduring value support. The tokenomics reinforce CET's utility.

Utility Across CoinEx Products & Services

As the native token, CET fuels a wide range of utility across the ever-expanding CoinEx ecosystem. Users can pay trading fees at a steep discount using CET, reducing costs by up to 90% for high-volume traders. CET allows users to unlock VIP status with benefits like special rewards, airdrops, accelerated withdrawals, and dedicated support. The higher the CET holdings, the greater the VIP privileges.

On top of trading discounts, CET can also be staked to earn staking rewards. CoinEx offers multiple staking pools providing users recurring yields on CET holdings. High APY staking amplifies portfolio gains.

Empower Users Across a Growing Ecosystem

The launch of CoinEx Smart Chain (CSC) introduced new use cases for CET. CET functions as the gas token on CSC and is used to pay gas fees at reduced cost. CET also serves as an incentive for CSC validators. This interoperability expands CET's role.

From traders to developers, CET empowers CoinEx users to participate in the platform's expanding utility. As adoption of CoinEx services grows globally, CET remains the essential fuel powering the ecosystem and driving innovation that benefits platform users. 

You can now go to CoinEx Wallet to manage CET. Click here to download the CoinExWallet and try it out.