What Is Cetus DEX and How to Buy CETUS?

Cetus is a decentralized exchange (DEX) that utilizes concentrated liquidity to enhance users' trading experiences. It is built on the Aptos and Sui blockchain, offering high throughput and low fees. Cetus aims to provide "Liquidity-as-a-Service", emphasizing seamless integration for developers and applications to easily access the available liquidity. This accessibility enables the creation of customized products such as liquidity vaults, derivatives, and leveraged farming solutions.

In this article, we will discuss Cetus decentralized exchange, its uniqueness, the native token CETUS, tokenomics, the history of Cetus, the features of Cetus, and the value of the Cetus token. We will conclude the article by providing concise guidance on purchasing CETUS tokens.

What Is Cetus Decentralized Exchange?

Cetus is an innovative decentralized exchange (DEX) and an advanced liquidity protocol that presently operates on the Sui and Aptos blockchain. The core objective of Cetus revolves around establishing a robust and adaptable infrastructure for liquidity, ultimately simplifying the trading experience for all types of users and diverse assets. 

The primary goal of Cetus is to provide unparalleled trading capabilities and optimal liquidity efficiency within the rapidly evolving decentralized finance (DeFi) landscape. This is achieved through the development and implementation of a concentrated liquidity protocol, complemented by a range of interconnected modules that enhance interoperability across affiliated platforms.

Cetus features a concentrated liquidity pool that serves as an oracle, granting developers and platforms access to the pool's liquidity data and historical prices. This presents an alternative option within the DeFi ecosystem, in addition to traditional oracles relying on off-chain data. The price and data provided by the Cetus-based oracle reflect the actual market activity of buyers and sellers.

Cetus aims to revolutionize the way users engage in trading activities within the DeFi ecosystem by leveraging the features of Sui and Aptos blockchains. Cetus decentralized exchange focuses on creating a seamless and user-friendly trading environment, ensuring that traders have access to superior liquidity while executing transactions. 

Cetus's concentrated liquidity protocol serves as a foundation for this innovative ecosystem, enabling efficient aggregation and utilization of liquidity from various sources. Moreover, through its network of interoperable functional modules, Cetus enables seamless integration with other DeFi platforms and protocols, providing users with expanded opportunities and enhanced liquidity options. 

Overall, Cetus stands at the forefront of decentralized exchanges, committed to redefining trading experiences and empowering users with a comprehensive suite of tools and liquidity solutions.

What Makes Cetus DEX Unique?

Cetus decentralized exchange sets itself apart through its unique features and approach. It operates on a permissionless standard, allowing users and applications to utilize its protocols for their specific needs. Cetus offers a highly-customizable liquidity protocol, enabling users to execute complex trading strategies similar to centralized exchanges. 

Composability is emphasized, enabling developers to access Cetus liquidity for building their own products with ease. The platform adopts a sustainable double-token model, incentivizing active participants and ensuring a thriving ecosystem. Cetus strives to provide an exceptional trading experience, superior liquidity efficiency, and foster innovation within the decentralized exchange landscape.

What Is CETUS Coin? 

CETUS serves as a utility token within the decentralized Cetus ecosystem, facilitating secure and convenient transactions among participants without the need for intermediaries. Its purpose is to enable seamless payment and settlement within the Cetus network, excluding its acceptance as a public medium of exchange or for debts outside the ecosystem. CETUS does not represent ownership, shares, or any financial interest in the Company or its affiliates, nor does it entitle token holders to dividends, profits, or investment returns. It is not considered a security in any jurisdiction.

The primary function of CETUS is to provide economic incentives to encourage user contribution and active participation within the Cetus ecosystem. CETUS incentives are only awarded to active participants based on their level of engagement, and individuals who do not actively participate will not receive any incentives. It's important to note that the secondary market pricing of CETUS is not influenced by the efforts of the Cetus project contributors, and there are no mechanisms designed to manipulate or control such pricing.

CETUS Tokenomics

• Community and LP: Distributed via yield farming and other liquidity incentivization schemes
• Team and Advisors: Owned by the founding team contributors and key advisors; 12 months locking + 24 months monthly vesting.
• Investors: 15% reserved for private fundraising and strategic fundraising; 6 months locking + 12 months monthly vesting
• Liquidity Treasury: Reserved for initial liquidity, long-term community campaigns and insurance funds.

xCETUS

In order to foster decentralized community governance within the network, Cetus implements a system where token holders can propose and participate in voting on governance proposals. These proposals determine the future features, upgrades, and parameters of Cetus. The voting weight of each holder is determined by the amount of CETUS they have staked. Staked CETUS is then converted into non-transferable xCETUS, which serves as an escrowed governance token representing voting power.

Apart from its governance utilities, xCETUS also serves as a loyalty membership point, providing active participants with exclusive access to specific products or services. Holding the staked version, xCETUS, enables users to upgrade their loyalty tier based on the amount of xCETUS held and user activity. Higher loyalty tiers grant users enhanced access to ecosystem features, preferential terms, premium functionalities, exclusive products/services, and increased transaction rewards.

Conversion & Redemption

CETUS and xCETUS can be converted between each other, but the rules differ based on the direction.

1. CETUS to xCETUS conversion: Instant and at a 1:1 ratio.

2. xCETUS to CETUS redemption: Involves vesting with varying conversion ratios based on the chosen vesting duration:

• Minimum 15-day vesting: 1:0.5 conversion ratio.
• Maximum 180-day vesting: 1:1 conversion ratio.

It’s important to note that the vesting period could change and users only receive their CETUS tokens after completing the selected vesting period.

CETUS Token Statistics

*Data source: The table above is real-time data from Coinmarketcap as of July 8, 2023

History of Cetus DEX

Cetus DEX is a decentralized exchange that was founded in 2023 by a team of experienced blockchain developers and entrepreneurs, including Yikun Liu, Renfei Zhang, and Zhengjun Ni. The project raised $6.85 million in its initial decentralized exchange offering (IDO) and was launched on the Sui blockchain in June 2023. The team consists of over 20 experienced blockchain developers, entrepreneurs, and marketing professionals based in Singapore and China.

Features of Cetus DEX

1. Concentrated Liquidity: Concentrated liquidity on Cetus allows users to provide liquidity for specific price ranges, offering several advantages compared to traditional liquidity pools. These advantages include lower slippage, higher capital efficiency, and more efficient trading. Concentrated liquidity reduces slippage by matching users directly with liquidity providers who have the desired tokens, resulting in faster and cheaper trades. It also enables liquidity providers to allocate capital more efficiently by focusing on specific price ranges. Concentrated liquidity is an innovative feature that has the potential to transform liquidity provision on decentralized exchanges.
2. Permissionless: Cetus decentralized exchange operates with a core principle of permissionless, ensuring that all its major tools and functions are built on a permissionless standard. This means that users and other applications have unrestricted access to utilize Cetus protocols for their specific use cases whenever they need to. Whether it's setting up a new trading pool or allocating incentives to rent liquidity from the public, the permissionless nature of Cetus allows for seamless integration and utilization by all stakeholders. This inclusive approach fosters a dynamic and open ecosystem where users and applications can freely leverage Cetus's protocols to meet their trading and liquidity needs.
3. Programmable: Cetus decentralized exchange incorporates a highly customizable liquidity protocol, leveraging CLMM. This programmable aspect empowers users to seamlessly execute a wide array of complex trading strategies, including swap, range order, and limit order compositions. The platform enables users to replicate the versatility of trading strategies found on centralized exchanges (CEX). Liquidity providers can optimize their liquidity efficiency by employing diverse Maker strategies through CLMM. With Cetus DEX's programmable liquidity protocol, users have the flexibility to implement advanced trading approaches and maximize their liquidity utilization.
4. Composability: Cetus decentralized exchange prioritizes seamless integration by embracing the concept of "Liquidity-As-A-Service". This emphasis on ease of integration enables developers and applications to effortlessly access the liquidity available on Cetus, facilitating the creation of custom products like liquidity vaults, derivatives, and leveraged farming solutions. New decentralized exchange projects can swiftly establish their own swap interfaces on their front ends by integrating the Cetus SDK. This integration enables rapid access to Cetus liquidity and even the broader market, facilitating efficient utilization of liquidity for various purposes. The composability feature of Cetus DEX empowers developers to leverage its liquidity services and build innovative solutions with ease.
5. Double-Token Model: Cetus implements a dual-token system consisting of CETUS and xCETUS. This model aims to establish sustainable incentivization for active protocol participants through long-term and dynamic rewards fueled by protocol earnings. The objective is to ensure that genuine contributors to the protocol are effectively incentivized through a well-designed token economy, promoting a fair and balanced ecosystem. Cetus adopts this double-token model to foster the rewarding of real contributors and encourage active engagement within the protocol.

What Is CETUS Coin Value?

As of July 8, 2023, the trading price of CETUS stands at $0.03. The value of CETUS token is influenced by several factors, including supply and demand dynamics. Higher demand drives up the price, while increased supply can lead to a decrease. The overall performance of the cryptocurrency market also impacts CETUS price, with a thriving market potentially raising its value and a declining market potentially causing a decrease. News and developments related to CETUS, such as positive partnerships or significant announcements, can drive the price up, while negative events like security breaches or declining usage can lead to a decrease. It is important to note that the value of CETUS can fluctuate significantly over time. If considering investment in CETUS, thorough research and understanding of the risks involved in cryptocurrency investment are crucial.

How to Buy CETUS Tokens?

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including CETUS, users can now trade easily and seamlessly. To purchase CETUS tokens on CoinEx, follow the steps below.

1. Register or Log In: To access CoinEx's exchange services, you can either download the CoinEx Pro application or access the exchange through the web platform. The next step is to register for an account by clicking on "Register". Existing users can simply log in.
2. Deposit Fiat or Crypto: After signing up or logging in, the next step is to fund your CoinEx account. You have multiple options to deposit funds, including Fiat or Crypto.
3. Exchange Paired Tokens for CETUS: After depositing funds into your CoinEx account, you can proceed to trade by navigating to the trading tab on the CoinEx Pro app or accessing the Spot trading section on the web platform. Additionally, you have the option to swap the deposited token to CETUS on the swap tab or select the corresponding CETUS trading pair that aligns with your deposit on the trading tab. For instance, if you deposited USDT, you would choose the "CETUS/USDT" trading pair.
4. Swap/Trade CETUS Tokens: After identifying the appropriate trading pair for the cryptocurrency you purchased or the cryptocurrency you deposited on-chain, select the desired amount you wish to trade based on the value of the respective cryptocurrency.