Introduction
CoinEx has just rewarded thousands of users in its recently concluded “Lock CET or BTC To Share 400,000 BABYLON” mining event. Earning crypto rewards passively has never been this easy.
The leading crypto exchange announced this event on April 10, 2025. According to the announcement, the mining event was slated to run for three days.
While the early lock period started on the 10th, the main mining event started on the 12th and ended on the 15th of April 2025.
This event, as usual, gathered thousands of global users within the CoinEx community who locked significant amounts of $CET (Coin Exchange Token) and BTC (Bitcoin) to earn a fair share of the 400,000 BABYLON price pool.
This article will explore the major highlights of the Lock CET or BTC To Share 400,000 BABYLON mining event, how it unfolded, and what to expect next.
Major Highlight of the Mining Event
Below are the major highlights of the just concluded Lock CET or BTC To Share 400,000 BABYLON mining event.
- Participation Requirement: Every CoinEx user who had verified their account on CoinEx was qualified to participate in the mining event.
- Event Duration (3 days): The early lock period started on the 10th. However, the main mining event started on the 12th and ended on the 15th of April 2025.
- Total Reward Pool (CET and BTC Combined): CoinEx distributed 400,000 BABYLON tokens to event participants based on the locked CET and BTC amounts.
- Reward Pool Distribution (CET): Here are the details of how CoinEx distributed fair shares of the 400,000 BABYLON to users who locked CET.
- Total Reward Pool: The reward pool allocation for users who staked CET was 240,000 BABYLON tokens.
- Total Locked CET: The mining participants locked 32.3 million CET to receive their fair shares of the 240,000 BABYLON prize pool.
- Minimum and Maximum CET Locked: The minimum lock amount for participating in the mining event was 100 CET, and the maximum was 50,000 CET.
- Hourly Reward Pool: CoinEx shared 3,333.3333 BABYLON tokens among users who locked their CET tokens every hour.
- Daily Reward Pool: CoinEx shared 79,999.9999 BABYLON tokens among users who locked their CET tokens every day.
- APR (Annual Percentage Return): The mining event gave users who staked CET an APY of 149.63%.
- Reward Pool Distribution (BTC): Here are the details of how CoinEx distributed fair shares of the 400,000 BABYLON to users who locked BTC.
- Total Reward Pool: The reward pool allocation for users who staked BTC was 160,000 BABYLON tokens.
- Total Locked BTC: The mining participants locked 49.69 BTC to receive their fair shares of the 160,000 BABYLON prize pool.
- Minimum and Maximum CET Lock: The minimum lock amount for participating in the mining event was 0.0001 BTC, and the maximum was 1 BTC.
- Hourly Reward Pool: CoinEx shared 2,222.2222 BABYLON tokens among users who locked their CET tokens every hour.
- Daily Reward Pool: CoinEx shared 53,333.3333 BABYLON tokens among users who locked their CET tokens every day.
- APR (Annual Percentage Return): The mining event gave users who staked BTC an APY of 48.61%.
The Effect of The Mining Event on Community Participation & Engagement
The amount of locked BTC and CET gives a clue as to how many people in the CoinEx community participated in the mining event.
From weekend traders to whales in the CoinEx community, thousands of users were actively engaged in this mining event.
Furthermore, the buzz, likes, retweets, and hundreds of mentions on various CoinEx’s social media pages showed how much community engagement the mining event triggered.
The mining event and its high user participation level demonstrate once more that CoinEx’s ecosystem is user-centric and people-driven.
This Lock CET or BTC To Share 400,000 BABYLON mining event also onboarded new users into the CoinEx ecosystem. The exchange recorded new signups and account verifications in their thousands.
The Impact of The Mining Event on CET
Coin Exchange Token ($CET) is the native cryptocurrency of the CoinEx ecosystem. It is the economic lifeline of the CoinEx community. $CET is well known in the crypto space for its unique propositions and real-world utilities.
The Lock CET or BTC to Share 400,000 BABYLON mining event has further expanded CET's utility and use case.
The event shows that, in addition to using the token to pay for transactions on the CoinEx ecosystem, users can hold CET to earn passive income and significant shares of tradeable crypto assets.
This event has also increased the demand, scarcity, and adoption of CET. During the lock period, CET witnessed a 16% increase in price appreciation, which shows an increase in CET’s demand and adoption.
Ultimately, users who participated in the event received their Coin Exchange Tokens worth more than they locked them, alongside free BABYLON tokens.
CoinEx Mining – What’s Next?
CoinEx mining is an initiative that allows the leading crypto exchange to distribute free tradeable crypto tokens to CET holders.
These events establish the exchange as the traders’ “Crypto Trading Expert,” reward CoinEx community members who hold CET for their loyalty, and offer users in the general crypto space free passive income opportunities.
The Lock CET or BTC To Share 400,000 BABYLON mining event may have concluded, but there are more mining events in the pipeline. Hence, if you missed the just-concluded event, you could get ready for the next one.
Remember, to participate in the next mining event, do the following:
- Register on CoinEx and verify your account.
- Buy at least 100 CET.
- Keep an eye on our announcement page to learn when the next mining event will start.
Benefits of CoinEx Mining Events – Why You Should Join
Our various mining events have recorded thousands of participants worldwide. The benefits mentioned below are why users within and outside the CoinEx ecosystem are eager for the next mining event to begin.
- Low Entry Point: Participants do not need hundreds of USDT to qualify for the free passive income opportunities. With as little as 100 CET (worth $6 when this article was written), you can start earning free crypto tokens.
- High APR: CoinEx mining events offer higher APR on your CET holdings than other traditional staking platforms. For instance, the just-concluded mining event delivered over 149% APR to participants.
- Security and Transparency: These factors have hugely contributed to the success of all CoinEx mining events. Participants enjoy a very high level of asset security, and the mining details are available for all participants to see.
- Investment Flexibility: Locking your CET earns you more free tokens while your portfolio remains untouched. In addition, your assets are temporarily locked, and you can withdraw them at any time during the event.
- Quick Distribution: You do not have to wait for days or weeks to get your rewards. CoinEx distributes your earned tokens to your spot wallet and unlocks your CET automatically within an hour after the events end.
Final Thoughts
Unlike many traditional crypto mining and staking platforms, CoinEx sees its mining events as the pathway to building a more solid future for its users in the crypto landscape.
This focus is why CoinEx onboards all kinds of users. When it comes to our promotional events, every member in our ecosystem deserves a reward, no matter their portfolio size.
The just concluded Lock CET or BTC To Share 400,000 BABYLON mining event is one of many successful campaigns organized by CoinEx in the last few months.
CoinEx has shown interest in increasing its users' asset portfolios through this event and others.
Users who participated in the events can check their spot wallets for their reward allocations.
Follow us on our social media platforms and check our announcement page to join the next mining event and earn exciting rewards.
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