Exploration of the CET Tokenomics and CoinEx Ecosystem Development
CET Tokenomics and Ecosystem: The CoinEx Token (CET) serves multiple purposes within the CoinEx ecosystem, including trading fee deductions, staking for VIP membership benefits, and participation in promotional campaigns. With the introduction of the CSC public chain, CET also functions as its gas, contributing to a self-sustaining ecosystem that aligns the interests of users and the platform.
CET Burning History: CoinEx has implemented a unique buyback and burn strategy, committing 20% of daily platform fees to repurchase and burn CET tokens monthly. This approach led to a historic burn of 1.08 billion CET in March 2021, significantly reducing the circulating supply and establishing CoinEx as a pioneer in cryptocurrency exchange token management.
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