What is CoinEx Token (CET)?
CoinEx Token is an official value-added services and privileges scheme based on CoinEx exchange platform. The token is issued on ERC 20 protocol and already evolved onto CoinEx Chain and used as gas fee.
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
Use CET as fees: CoinEx users can save more on the trading fees when enabling [Use CET as fees] in their accounts.
Tailor-made VIP service: One can upgrade into VIP for holding a certain amount of CET amount. VIP customer can enjoy privileges, including trading discount, withdrawal acceleration, one-on-one customer service and etc.
Privileges for promotion: CET holders will have the privileges for promotions, namely as token airdrop, acceleration for quality projects and etc.
CoinEx Chain built-in token: CET will be functional as "gas fee", it can be used for investment or exchanged into other digital assets.
Aside from circulating within CoinEx Ecosystem, CoinEx plans to extend the usage and applications to scenarios such as payments etc.
CET Repurchase & Burning
CET has been issued and circulated via airdrop incentives, transaction fee discounts, promotions, team unlocking and etc. According to the value settled by CET, CoinEx will repurchase CET from secondary market on a daily basis with 50% of its daily income of transaction fees, and apply burning at the end of each quarter.
Meanwhile, when the circulating supply of CET reduces to 3 BILLION, CoinEx will suspend the plan of CET repurchase and burning.
Rules of repurchasing
Ecology system of CET
Spot Trading：Based on the original high-speed matching engine, CoinEx will support more high quality coins and improve user-experience along with liquidity, introduced margin trading and provide services across the world.
Derivatives trading platform: CoinEx derivatives trading platform will provide high-leverage trading and hedging for pro users, including perpetual, financing and etc. In the future that yet to come, we'll continue bring more innovative and competitive perpetual products.
Decentralized trading platform: CoinEx has released the CoinEx Chain -public chain specialised for decentralized trading, and introduced CoinEx DEX, that is a decentralized trading platform originally developed based on CoinEx Chain. CoinEx DEX will evolve into a one-stop solution for token Issurance, saving and trading