Exploration of the CET Tokenomics and CoinEx Ecosystem Development

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH-7.622%

TOKEN-10.8%

Source: Coinmarketcap

Updated: Jul 29 2024

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.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Exploration of the CET Tokenomics and CoinEx Ecosystem Development

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Five Point Holdings Reports Record Q4 2025 Earnings

LPL Financial Reports Strong Q4 2025 Earnings and Growth

People Also Watch