What is CoinEx Token (CET)?
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 ERC 20 protocol and has been launched on a public CoinEx Chain (coinex.org）and acts as gas.
How to get CET?
1. Referral Rewards: Refer your friends to sign up and trade and you will get CET as rewards.
2. Buy CET: Go to the trading page and buy CET with BCH/BTC/USDT etc.
3. CET promotion: CoinEx will hold promotions and distributed CET occasionally, please stay tuned on our official announcements.
Privileges of CET
Deducted as trading fees: CET can be deducted directly with the same market value as trading fees 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.
Promotional campaign rights: CET holders are able to get special qualifications for promotional campaigns on CoinEx like token airdrop incentives, accelerator support, etc.
Preinstalled token on CoinEx Chain: CET is used as preinstalled token on CoinEx Chain and acts as "gas". It can also be applied to invest in or trade other coin/token assets.
Aside from circulating within CoinEx Ecosystem, CoinEx plans to extend the usage and applications to scenarios such as payments etc.
CET Repurchase & Burning
Since its release, CET has been issued and circulated via airdrop incentives, transaction fee discounts, promotions, team unlocking, etc; Meanwhile, according to the value agreement of CET, CoinEx will repurchase CET in the secondary market with 50% of its daily profits from transaction fees everyday and burn them at the end of each quarter.
What’s more, we burned the rest of the unissued 4 billion CET held by CoinEx Team on January 31, 2019 and have continuously repurchased extra CET from the secondary market. When the circulating supply of CET reduces to 3 BILLION, CoinEx will suspend the plan of CET repurchase and burning.
Spot Trading: Supported by proprietary high-speed matching engine, the crypto-crypto exchange of CoinEx will list more selected coins/tokens, continue to perfect user experience and liquidity, and introduce margin trading to serve more users globally.
Derivatives trading platform: CoinEx derivatives trading platform will provide high leverage trading and hedging services to professional users, including perpetual contracts, lending, etc. More innovative and competitive contract products are also in the pipeline.
Decentralized trading platform: CoinEx is launching a public chain dedicated to decentralized trading: CoinEx Chain and a CoinEx Chain-based decentralized exchange - CoinEx DEX. It will be a one-stop platform to issue, store, and exchange tokens.