CoinEx, a top global cryptocurrency exchange, shared big improvements for its platform token, CoinEx Token (CET). This initiative has introduced new products like CoinEx Dock, Mining, and Staking to keep pushing innovation and better engaging users, all of which are aimed at boosting the value of CET within the CoinEx ecosystem.
Introduction of CoinEx Dock, Mining, and Staking
Having introduced CoinEx Dock, an innovative product designed to assist early-stage blockchain projects with fundraising and promotion, CoinEx Dock provides comprehensive support and resources to help projects gain traction and reach a broader audience.
CoinEx announced the launch of its staking service to meet the growing demand for on-chain earnings, helping users easily embark on a new journey of on-chain revenue and further expand the possibilities for asset appreciation.
Additionally, CoinEx Mining services offer users flexible options to earn on-chain rewards. It allows for easy asset management, enabling users to earn new coins without locking up their deposits, thus encouraging broader participation in the platform’s ecosystem.
The Future of CoinEx and CET
As the circulating token with the CoinEx ecosystem, CET helps to increase user activity and grow the platform as it provides several benefits, such as lower trading fees, VIP perks, and staking options. By using CET, users can reduce their transaction costs and boost their profits while keeping expenses low.
In a significant move to bolster the value of CET, CoinEx has implemented a robust deflationary model, which led to the platform utilizing 20% of its daily trading fee revenue to repurchase CET, which is burned at the end of each month. This strategy not only reduces the circulating supply of CET but also enhances its scarcity and potential value over time.
CoinEx is set to integrate CET into more applications in the future, including payment solutions and cross-platform collaborations, further establishing its relevance and utility in the Web3 market. By enhancing CET’s functionality and creating more use cases, CoinEx aims to strengthen its position as a pioneering force in the cryptocurrency exchange space.
CoinEx is committed to making cryptocurrency trading easier and more accessible for everyone. Empowering CET through innovative products and strategic growth initiatives reflects our dedication to enhancing user experiences and driving the future of our ecosystem.”
About CoinEx
CoinEx was founded in 2017, upholds the “user-first” principle, and aims to explore new models in the industry and promote the circulation, application, and development of blockchain technology. Supporting 18 language markets, covers over 200 countries and regions, provides more than 1,200 cryptocurrencies trading, and reaches over 1,700 trading markets, serving more than 10 million registered users. As a world-leading exchange, CoinEx has already been established as a comprehensive ecosystem and provides a wide range of service choices, including CoinEx, CoinEx Wallet, CoinEx Smart Chain, CoinEx Explorer and CoinEx Charity.
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