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.
