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CoinEx Token Price

(CET)

Note: This cryptocurrency has not yet been officially listed on KuCoin.

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CoinEx Token (CET) Live Price Chart

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    Note: This data is for reference only.
    pk

    CET(CET) Profile

    altRank1008
    rateB
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    ATH
    $0.14592099
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    708,633,582
    Max Supply
    10B

    About CoinEx Token

    • History of CoinEx Token (CET) Coin

      CoinEx Token (CET) was launched in January 2018. The founders of CoinEx include Haipo Yang, who also founded the ViaBTC mining pool. CET was initially issued as an ERC-20 token on the Ethereum blockchain and later migrated to the CoinEx Smart Chain (CSC).

      CoinEx Roadmap

      1. Initial Distribution: CET was distributed through airdrops, trading fee discounts, and promotions. This helped to increase circulation and user engagement.

      2. Deflationary Model: CoinEx employs a repurchase and burn strategy, using 20% of trading fee revenue to buy back and burn CET monthly. This reduces the total supply over time.

      3. CET Token Utility: CET can be used to pay for trading fees at a discount, participate in governance on CSC, and access VIP privileges such as faster withdrawals and exclusive customer service.

      4. Future Plans: CoinEx plans to expand CET's utility beyond its ecosystem, potentially integrating it into payment systems and other platforms.

    • What Is CoinEx Token (CET) Crypto?

      CoinEx Token (CET) is the native cryptocurrency of the CoinEx ecosystem. It was initially issued on the Ethereum blockchain as an ERC-20 token but later migrated to the CoinEx Smart Chain (CSC).

      CET can be used to pay for trading fees on the CoinEx platform, providing users with fee discounts. It also grants access to VIP privileges, including faster withdrawals, exclusive customer service, and participation in promotional campaigns such as airdrops and project support. Additionally, CET acts as the gas token for the CoinEx Smart Chain (CSC), facilitating transactions and governance on the chain.

      CET serves multiple purposes:

      1. Trading Fee Discounts: You can use CET to pay for trading fees on the CoinEx exchange at a discounted rate.

      2. Governance: CET holders can participate in governance decisions on the CoinEx Smart Chain, influencing the network's direction.

      3. Staking and Rewards: By staking CET, you can earn rewards and gain VIP privileges like accelerated withdrawals and access to exclusive customer service.

      4. Deflationary Mechanism: CoinEx regularly buys back and burns CET using 20% of its daily trading fee income, potentially increasing the token's value over time.

    • What Is CoinEx Token Tokenomics?

      CET started with a total supply of 10 billion tokens. It was distributed through airdrops, trading fee discounts, promotions, and team unlocks.

      CoinEx employs a deflationary model where 20% of daily trading fee revenue is used to buy back and burn CET tokens monthly. This reduces the total supply over time, aiming to increase the token's scarcity and value. In March 2021, CoinEx made history by burning 1.08 billion unlocked CET in a single event, marking the largest platform token burn ever in crypto.

    FAQ

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