In April 2024, CoinEx announced the launch of its staking service to meet the growing demand for on-chain earnings, helping users easily embark on a new journey of on-chain revenue and further expand the possibilities for asset appreciation. Through CoinEx Staking, users can stake their crypto assets, participate in the blockchain network's consensus mechanism, and earn stable returns. The staking products are simple to operate and user-friendly, greatly lowering the threshold for users to participate in on-chain earnings, allowing them to enjoy the convenience of on-chain revenue easily, and providing more opportunities for asset appreciation.
According to official reports, CoinEx Staking now officially supports CET, helping global CET holders realize more possibilities for asset appreciation. While staking CET, users can gain potential capital appreciation and receive additional staking rewards. Notably, users can freely choose different staking periods according to their personal needs and receive corresponding returns, offering them significant flexibility.
CoinEx Token (CET) is the native token of CoinEx and serves as a crucial value exchange medium within the CoinEx ecosystem, was officially launched in January 2018. Initially issued based on the Ethereum ERC20 token standard, CET has since migrated to the CoinEx Smart Chain, a public chain independently developed by CoinEx, and serves as its fuel. By holding CET, users can enjoy various platform-exclusive rights and services, including using CET to directly offset equivalent trading fees and enjoying rate discounts; holding a certain amount of CET can qualify users as VIP members, who can receive ticket priority, VIP service, and other privileges; meanwhile, CET holders can also enjoy special rights in platform marketing activities, participate in token airdrops, and get opportunities to apply for dock projects.
According to its value agreement, CoinEx allocates 20% of the daily trading fee income to repurchase CET, and these CET will be burnt at the end of each calendar month. The repurchase and burning process will continue until CET is reduced to zero. With continuous repurchase and burning mechanisms, the supply of CET will gradually decrease, adding to the token scarcity and long-term value.
The support of CET in CoinEx Staking marks a milestone in CoinEx's efforts to build the CET ecosystem and expand its application scenarios. CoinEx has consistently improved user experience and platform value through technological innovation and mechanism optimization, continuously expanding the application scenarios of CET to create more value for users and empower global CET holders.
As CET plays an increasingly important role in the CoinEx ecosystem, it has now become a key driver of user value growth. CoinEx Staking's support for CET not only provides users with new opportunities for asset appreciation but also allows CET holders to realize more investment scenarios. Whether they are beginners or seasoned investors, crypto enthusiasts worldwide can embark on a new journey of on-chain earnings and easily achieve asset appreciation through CoinEx Staking. In the future, CoinEx will continue to lead the development of the crypto market, offering users more secure, stable, efficient, and diverse crypto products and services, and driving the growth and progress of the crypto industry.
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