CoinEx Token “Trade-driven Mining” & “Dividend Distribution” Release on July 1st
Dear CoinEx users:
To thank you all for your long-term support and trust, CoinEx is thrilled to announce that we will release “Trade-driven Mining” & “Dividend Distribution” on July 1st, 2018 to reward all traders and CET (CoinEx Token) holders.
About CoinEx Token (CET): https://www.coinex.com/token
CET Distribution Plan
CoinEx team: 50% of total supply
An initial of 1 billion CET held by CoinEx team has been released, to be followed by an annual release of 20% in four years.
Free allocation: 50% of total supply
A total of 1,155,833,000 CET has been distributed or airdropped to all CoinEx users free of cost.
1. Trade-driven Mining
From 0:00 July 1st, 2018 (UTC), CoinEx will adopt a “Trade-driven Mining” method to release the rest of 3.6 billion CET for free allocation to CoinEx users. We will calculate 100% of our transaction fee income into CET against the real-time rate and give them away to all traders proportionately to their trading volume.
2. Dividend Distribution
As the official value-added token, CET represents exclusive services and privileges on CoinEx. During Trade-driven Mining, starting from 0:00 July 1st, 2018 (UTC), CoinEx will allocate 80% of our daily transaction fee income (including all coin types) to ALL CET holders proportionately.
3. Repurchase plan
According to CET repurchase plan, CoinEx will buy back and "burn" CET quarterly for the first time on July 1st, 2018.
For more details and rules, please refer to our official announcement on July 1st.
Founded in December 2017 with Bitmain-led investment, CoinEx is a subsidiary brand of the world’s No.1 BCH mining pool ViaBTC, a global and professional digital coin exchange service provider: https://www.coinex.com/aboutus
We are careful and responsible when it comes to selecting up-and-coming blockchain trading varieties and we will continue with our commitment to delivering professionalism and more cryptocurrency trading choices with good investment potential.
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