CET Repurchase & Burning

About 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 ERC20 protocol and has been migrated to our self-innovated CoinEx Smart Chain (coinex.org) acting as gas. Click for more detail about CET.

 

CET Repurchase & Burning

Since its release, CET has been issued and circulated via airdrop incentives, trading fee discounts, promotions, team unlocking, etc. Meanwhile, according to the applications of CET, CoinEx will repurchase and burn CET every day with 50% of its trading 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.

For more detail, please refer to:

CET Repurchase Rules

Real-time Data of CET Circulation, Repurchase & Burning