CoinEx Boosts CET Value with Impressive $142 Million Burn
CoinEx Takes Bold Steps to Strengthen CET Value
In a significant move, the cryptocurrency exchange CoinEx has successfully completed its 8th Monthly CET Repurchase and Burning. This initiative reflects a commitment to increasing the value of its native token, CET, by eliminating a striking total of 22,207,653.46 CET from circulation.
Impressive Burn Figures Demonstrate Commitment
CoinEx has worked diligently to boost the value of CET, accumulating an impressive $142 million in destroyed tokens, which precisely translates to a staggering 73% reduction in total supply. This initiative solidifies CET's position as one of the most burned exchange tokens in the entire crypto marketplace.
The Long-Term Vision of CoinEx
This consistent burning procedure confirms CoinEx’s long-term vision for CET. Every day, the team allocates 20% of its trading fee income to repurchasing CET, ensuring that at the end of each month, the accumulated tokens are permanently removed from existence. This methodical approach embodies a dedication to sustainable value rather than fleeting market trends.
Community and User Alignment
By continually reducing the supply of CET, CoinEx enhances its relationship with its global community of traders. This strategy reassures users that the exchange prioritizes their interests over transient profits.
Exclusive Benefits for CET Holders
CET holds a special place within the CoinEx ecosystem by providing holders with numerous exclusive privileges and practical benefits. Those who hold CET can enjoy various perks, including reductions on trading fees, upgraded VIP tiers, and premium experiences at a fraction of the cost.
Entering the Mining Arena
Additionally, CET acts as an entry point to CoinEx Mining, where participants can achieve potential returns as high as 285%. This creates substantial opportunities for users who support the exchange in the long run.
Innovations and Future Plans for CET
In its ongoing quest to empower CET, CoinEx is expanding its applications, unlocking new possibilities within its ecosystem. The platform integrates CET deeply into its services, ensuring it is more than just a utility token; rather, it serves as a key asset representing the exchange's dedication to long-term value creation.
Through the successes and consistent performance of CET burn initiatives, CoinEx has established itself as a reliable and forward-thinking exchange. The company is committed to pursuing new utilities and privileges that will further maximize the value of CET for its growing global community.
About CoinEx
Founded in 2017, CoinEx is a cryptocurrency exchange designed with the user experience at the forefront. Launched by the reputable mining pool ViaBTC, CoinEx was among the first to introduce proof-of-reserves, ensuring security for 100% of user assets. With over 1400 supported coins and operating in more than 200 regions, CoinEx offers its 10 million users professional-grade features and innovative services, empowering its ecosystem through the CET token.
Contact: CoinEx
pr@coinex.com
Frequently Asked Questions
What does the CET burn mean?
The CET burn refers to the permanent removal of CET tokens from circulation, aimed at increasing its value.
How much CET has CoinEx burned?
To date, CoinEx has burned approximately $142 million worth of CET tokens.
What benefits do CET holders enjoy?
Holders of CET can access trading fee discounts, VIP tiers, and opportunities in mining.
Why was the repurchase mechanism implemented?
The repurchase mechanism was introduced to create a sustainable value cycle for the CET token.
How does CoinEx ensure user interests?
By reducing the total supply of CET, CoinEx aligns its operations with the long-term interests of its global user base.
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