How CET Drives the Comprehensive Development of the CoinEx Ecosystem

On Sep 11, 2024

With the cryptocurrency market’s rapid development, CoinEx, a global leading cryptocurrency trading platform, is committed to providing users with a secure and efficient trading experience and value-added services. In this ecosystem, CET (CoinEx Token) plays a crucial role. As CoinEx’s native token, CET offers users various rights and services and serves as a significant driving force for continuous innovation and expansion within the CoinEx ecosystem. This article will explore the multiple values of CET, its deep connection with CoinEx products, and its potential applications in broader scenarios in the future.

I. The Value of CET: User Value-Added Service Rights System

As the core token within the CoinEx business ecosystem, CET establishes a complete user value-added service rights system. By holding and using CET, users can enjoy various rights and rewards, further enhancing their experience and returns on the platform.

1. Reducing Trading Fees

Users holding CET can directly use it to offset transaction fees and enjoy lower trading costs. This fee discount helps incentivize users to conduct more convenient and cost-effective trades on the CoinEx platform, thereby maximizing their investment returns.

2. Providing Liquidity Rewards

CET also offers rewards to users who participate in liquidity provision. Users can earn transaction fee dividends by injecting CET into CoinEx’s liquidity pools. This mechanism not only enhances market liquidity but also allows users to earn stable returns while contributing to market liquidity, further strengthening their trust and sense of involvement with the platform.

3. Accumulating and Redeeming Rights

Users holding CET can also participate in various activities on the CoinEx platform, such as airdrops and trading competitions, earning additional cryptocurrency rewards. The accumulation of such rights increases the perceived value of CET among users, greatly encouraging their active participation in CoinEx’s innovative activities.

II. The Deep Connection between CET and CoinEx Products

The value of CET is not limited to enhancing user rights; it is also tightly connected to CoinEx products, facilitating the platform’s innovative development. These products include CoinEx Staking, Automated Market Making (AMM), margin trading, airdrop stations, and trading competitions.

1. CoinEx Staking

CET serves as the core asset of CoinEx Staking, allowing users to earn stable returns while staking CET. During the staking period, users can not only enjoy passive income based on their held assets but also receive additional CET rewards. This model is expected to attract a significant number of users to participate in staking, promoting the circulation and use of CET.

2. Automated Market Making (AMM)

CoinEx’s AMM feature enables users to become automated market makers by providing CET to liquidity pools. This innovative approach greatly improves platform liquidity and distributes 100% of transaction fee rewards to liquidity providers. This revenue model attracts numerous users to participate, creating a positive ecosystem for CET circulation.

3. Margin Trading

In CoinEx’s margin trading, CET is not just another cryptocurrency; users can use CET as collateral for higher leverage trading. This mechanism enhances users’ trading flexibility and increases CET’s use cases, providing users with more investment options.

4. Airdrop Stations and Trading Competitions

CoinEx frequently offers rich rewards to users through airdrop stations and trading competitions. In the airdrop station, users can receive free CET airdrops by learning project materials and completing quiz tasks, reinforcing their understanding of CoinEx and CET. Meanwhile, the trading competitions incentivize users to actively engage in trading, increasing the platform’s activity and creating more use cases for CET.

III. The Future of CET: More Values and Uses

Looking ahead, CET will exhibit more value and purpose. CoinEx will continue to promote CET’s use within its ecosystem and explore its applications in external scenarios.

1. Expansion into Payment Scenarios

CoinEx will promote CET as a payment method and establish partnerships with more merchants and platforms. This initiative will expand the application of CET, allowing users to use their CET directly for payments for goods and services in daily life. This not only enhances the liquidity of CET but also increases its perceived value among users.

2. Cross-Platform Cooperation

In addition, CoinEx will actively explore collaborations with other blockchain projects and financial institutions to promote CET’s use across different platforms. Such cooperation will facilitate the circulation of CET among multiple ecosystems, establishing it as a practical and recognized asset.

3. Continuously Optimizing the Rights System

In the future, CoinEx will continuously optimize the rights system of CET, providing users with more and higher-quality products and services. This could include introducing more innovative reward mechanisms and diverse trading activities, enhancing users’ sense of participation and fulfilment.

CET, as the foundational token of the CoinEx ecosystem, strengthens users’ investment experience and the platform’s activity by establishing a user value-added service rights system. By deeply connecting with various CoinEx products, CET continually drives the platform’s innovation and development. In the future, with the promotion of CET in payment and other external scenarios, its application value will experience significant enhancements. As the CoinEx ecosystem continues to expand, CET will maintain its core role, creating more value for users and helping the platform lead in the cryptocurrency market.

We look forward to CET opening a new wealth journey for every CoinEx user.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and futures trading, margin trading, swap, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.