As active participants in the crypto space, we’ve had the chance to dive into CoinEx’s mining events, and we’re excited to share our thoughts on this unique offering. CoinEx, a well-known cryptocurrency exchange, has been rolling out mining events that let users stake CET (CoinEx Token) to earn rewards in new or existing tokens. Here’s our take on what makes these events stand out, based on our firsthand experience and observations.
What We Love About CoinEx Mining Events
The setup of CoinEx’s mining events feels refreshingly straightforward. Unlike traditional crypto mining, which often demands technical know-how and hefty hardware, these events are designed with accessibility in mind. By staking CET, we could earn rewards without needing to navigate complex systems or invest in specialized equipment. The ability to unstake our CET at any time was a big plus, giving us flexibility and peace of mind when managing our assets.
These events also seem to do more than just offer rewards. They foster a sense of community and encourage active participation in the CoinEx ecosystem. For us, it wasn’t just about earning tokens—it was about being part of something that enhances the utility of CET. Watching CET’s value climb during these events, alongside the rewards we earned, made the experience even more rewarding.
Our Experience with Specific Mining Events
Here’s a breakdown of some of the mining events we participated in and what stood out to us:
- FB-CET (September 19–24, 2024): This event was a game-changer for us. With an APR of 234.0%, the returns felt almost too good to be true. We staked 50,000 CET (valued at $4,000 at the time), and the combination of mined FB tokens and a 17.00% surge in CET’s price left us with a solid profit. The event saw 15,000,000 CET locked across the pool, which showed us how much excitement there was in the community.
- SGM-CET (October 04–09, 2024): This one was a standout with a jaw-dropping APR of 389.0%. The community showed up in force, locking 20,000,000 CET. CET’s price jumped by 20.00% during the event, and the massive rewards made this one of our favorite experiences. It felt like CoinEx was really rewarding early participants.
- KONAN-CET (October 24–29, 2024): With a more modest APR of 82.0%, this event was less flashy but still reliable. The pool had 30,000,000 CET locked, and CET’s price rose by 10.00%. We appreciated the steady returns and the confidence the community showed in this event.
- BELLS-CET (November 17–22, 2024): This event offered a balanced APR of 139.0%, and with 31,000,000 CET locked, it was clear the enthusiasm hadn’t faded. CET’s price grew by 7.00%, and we found the mix of rewards and price gains made this a worthwhile endeavor.
- LKY-CET (December 04–09, 2024): The APR of 285.0% was a highlight, and with 34,000,000 CET locked, the community was buzzing. CET’s price increased by 6.00%, and the high yields made this event feel like a golden opportunity.
- HOLD-CET (December 11–16, 2024): This event’s APR of 78.0% was more conservative, but the 39,000,000 CET locked showed growing engagement. CET’s price ticked up by 3.00%, and we valued the dependable returns.
- ONES-CET (December 22–29, 2024): With an APR of 99.0% and a massive 111,000,000 CET locked, this event was a testament to CoinEx’s growing popularity. CET’s price rose by 4.00%, and we were impressed by the consistent rewards.
- TCAPY-CET (March 05–10, 2025): The APR of 74.1% felt stable, and with 31,560,000 CET locked, the community remained engaged. CET’s 1.78% price increase was modest, but the mining rewards kept us satisfied.
- DINGO-CET (March 13–18, 2025): This event had the lowest APR at 47.65%, but the 34,120,000 CET locked showed sustained interest. CET’s price grew by 3.57%, and we still walked away with meaningful returns.
How Rewards Kept Us Engaged
The way CoinEx calculates rewards is transparent, which we really appreciated. Every hour, they take snapshots of locked CET, calculate the average, and distribute rewards based on our share of the pool. The formula—(our average hourly locked CET / total average hourly locked CET) * total hourly reward—was easy to understand and made us feel confident in the fairness of the process.
The high APRs, combined with CET’s price increases during these events, often led to returns that exceeded our expectations. For example, the SGM-CET event’s 389.0% APR and 20.00% CET price surge felt like a perfect storm of profitability. Even in more conservative events like DINGO-CET, the steady rewards kept us engaged.
Things to Keep in Mind
While we’ve had a great experience, there are a few things we’ve learned to watch out for:
- Market Volatility: The value of mined tokens can swing with the market, so timing matters when cashing out.
- CET Price Changes: CET’s price fluctuations can impact overall returns, even if our holdings stay the same.
- Token Liquidity: Some of the tokens we earned had lower liquidity, which made selling at the right price a bit tricky.
- Opportunity Cost: Locking CET for mining meant we couldn’t use it for other trading or staking opportunities.
Our Final Thoughts
CoinEx’s mining events have been a fantastic way for us to earn passive income while staying active in their ecosystem. The high APRs, flexible staking, and CET’s price growth made these events both profitable and engaging. That said, we’ve learned to weigh market conditions and token liquidity before jumping in.
For anyone considering CoinEx’s mining events, we’d say they’re a great opportunity to diversify your portfolio and earn rewards, especially if you’re already holding CET. Just keep an eye on market trends and plan your strategy carefully. We’re looking forward to seeing what CoinEx rolls out next in their mining series!
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