The platform currency ( CET ) issued by the long-established global exchange CoinEx is a circulating token in the CoinEx ecosystem and plays an important role in the development of the CoinEx ecosystem. As the CoinEx ecosystem continues to expand, CET will also have wider applications in various segments and scenarios, and CET will become an important indicator to measure the overall value of the CoinEx ecosystem.
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ToggleWhat makes CET so unique? How to use CET in the CoinEx ecosystem
CET holders can use CET as a credit for handling fees when trading on the CoinEx platform. Staking CET provides users with VIP benefits, including accelerated withdrawals, token airdrop rewards, new token release activities and exclusive customer service.
CET also serves as the governance token of the CoinEx Smart Chain (CSC), allowing holders to participate in online decision-making. On CSC, CET acts as a "miner" for transactions and smart contract interactions.
The initial supply of CET is 10 billion. CoinEx distributes CET through airdrops, promotions and other methods. This strategic approach not only promotes the circulation of CET, but also encourages user participation, cultivates community awareness, and promotes CoinEx's widespread adoption.
As of July 2024, the circulating supply is approximately 2.8 billion. CoinEx has a complete CET repurchase and destruction mechanism . 20% of the daily platform fee income is used to repurchase CET, and the repurchased CET is centrally destroyed at the end of each month. This creates a standard deflation control model that increases the scarcity and value of CET over time. In March 2021, CoinEx made cryptocurrency history by burning 1.08 billion unlocked CET, marking the largest platform token burn in the industry.
Future development and prospects of the ecosystem
CET is the cornerstone of the CoinEx ecosystem, providing a range of value to all holders. Its role in transaction fee discounts, governance rights, and VIP membership benefits has a significant impact on user engagement and platform loyalty. The token's utility as a "mining fee" for CSC and its potential for wider adoption in payment systems may fuel its growth. The deflationary model, coupled with regular buybacks and burns, is designed to create scarcity and potentially increase the value of CET over time. This token puts CoinEx at the forefront of blockchain innovation.
CoinEx is currently actively exploring new ways to integrate CET into its platform, and the multi-faceted practicality of CET has made a significant contribution to the expansion of the CoinEx ecosystem. As of 2024, CoinEx has established a complete ecosystem and offers a robust ecosystem and a wide selection of services, including CoinEx, CoinEx Wallet, CoinEx Smart Chain, CoinEx Block Explorer, and CoinEx Charity. Adhering to the brand concept of "user first", CoinEx supports 18 language markets, covering more than 200 countries and regions, providing more than 1,200 currency transactions, covering more than 1,700 trading markets, and serving more than 6 million registered users. CoinEx will continue to upgrade platform to explore new possibilities of CET.
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