CET Price usd_coinextoken Price today

CET coinextoken

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＄0.062289 +1.57%

Glob. Mkt Cap Rank： Unranked

2024-08-07:09:36:33update

24H High

0.4534

24H Turnover

54.40千万

Max Supply

0.0

24H TR

0.03%

24H Low

0.4395

24H Vol

1200364.43

Curr. Issued

4188995443.0

24H High-Low

+3.16%

ATH

1.03

Highest Mkt Cap

18.98亿

Circulating Supply

4188995443.0

Dominance

0.01%

ATL

0.03

Mkt Cap (Float)

18.98亿

Circulating Supply

41.89%

Issue Date

Introduction

Latest News

News Flash

Basic information

Full Currency Name	/CET
Currency Code	CET
Coin Intro	"CET is the native token of the CoinEx trading platform, with its full English name being CoinEx Token. It was issued in January 2018, with a maximum supply of 10,000,000,000 CET. CET is the user value-added service rights system officially launched by the CoinEx trading platform. It is issued based on the Ethereum ERC 20 protocol and will be migrated to CoinEx’s self-developed public chain, CoinEx Chain, in the future. CoinEx Chain is a public chain specifically designed for decentralized exchanges, with its mainnet officially launched in November 2019. CoinEx Chain aims to create a community-operated, transparent trading rules-based, and user-controlled decentralized trading system (CoinEx DEX) using the industrys highest technical standards. It innovatively adopts a model of three parallel public chains: the DEX chain, the Smart chain, and the Privacy chain. These chains focus on trading, smart contracts, and privacy, respectively, and are interconnected through the IBC interchain communication protocol, forming a decentralized public chain ecosystem. The essence of CET is the user value-added service right of the CoinEx trading platform, which can be circulated and used in various scenarios: 1. CoinEx platform users can directly use CET tokens to offset equivalent transaction fees or purchase other platform value-added services with CET; 2. Used to pay transaction fees on the CET chain; 3. Used for initiating and voting on proposals on CoinEx Chain, participating in community governance; 4. As a collateral token, CET holders can participate in the staking economy on CoinEx Chain. Regarding the founding team and background of CET: there is no related introduction in the Official Link or Whitepaper. The current price of CET is $0.055187, with a 24-hour trading volume of $20.6551 million. CET has fallen by 10.8% in the past 24 hours. Currently ranked 129th on BeeChecker by market capitalization, its market cap is $39.1072 million. Its circulating supply is 708,633,000 CET, and its total issuance is 1,000,000,000 CET."
Issue Date
All-Time High	$1.76575
All-Time Low	$0.00028774
Total Supply	10000000000
Circulating Supply	708633582.2119
Circulating Supply Percentage	0.07086335822119
Market Cap	1975581985790
Fully Diluted Market Cap	$5.518684e-12
Mkt Cap (Float)	$39107248
Circulating Market Cap % of Global Total	0.000019795305019630307
Listed on Exchanges	1
Official Link	https://www.coinex.com/
Whitepaper	https://www.coinex.org/whitepaper_zh.pdf
Blockchain Explorer
Telegram
Github	https://github.com/coinexchain/coinexchain
Twitter	https://twitter.com/coinexcom
FaceBook	https://www.facebook.com/thecoinex
Reddit

Currency Introduction

CoinEx (CoinEx Technology Limited) was established in December 2017, with its headquarters in Hong Kong, China, as a subsidiary brand of the ViaBTC mining pool. Currently, CoinExs business scope includes CoinEx Exchange, CoinEx Public Chain, and CoinEx Decentralized Exchange (DEX). The current focus of CoinEx is on its public chain and exchange, with the primary purpose of the public chain being to establish the infrastructure for decentralized exchanges (DEX) and to build an ecosystem around DEX.
The CoinEx Token (CET) was launched in January 2018 and serves as the native token of the CoinEx Chain. CoinEx Chain is a public chain specifically designed for decentralized exchanges, with its mainnet officially launching in November 2019.
CoinEx Chain aims to create a community-operated, transparent, and user-controlled decentralized trading system (CoinEx DEX) using the highest industry technical standards. It innovatively adopts a three-chain parallel model: the DEX Chain, the Smart Chain, and the Privacy Chain. These chains focus respectively on trading, smart contracts, and privacy, interconnected through the Inter-Blockchain Communication (IBC) protocol to form a decentralized public chain ecosystem.

Project Overview

The early core business of CoinEx focused on exchange operations, including spot and derivatives trading, currently supporting 123 tradable currencies with 302 trading pairs. On June 28, 2019, CoinEx released the whitepaper for the CoinEx Chain public chain, aiming to use the highest industry technical standards to create a community-operated, transparent, and user-controlled decentralized trading system (CoinEx DEX). From this point onward, CoinEx Chain became another development focus for CoinEx, with the CoinEx Token (CET), originally an internal token for the CoinEx exchange, primarily developing as the native token of the public chain.

CoinEx Chain is a public chain built based on the Tendermint consensus protocol and Cosmos SDK, adopting a Proof-of-Stake (PoS) mechanism. CoinEx Chain planned to support 42 nodes at the projects launch, allowing any entity within the ecosystem to participate in the validator election by staking CET. CoinEx Chain rewards running full nodes with new block rewards and transaction fees included in the blocks.

To simultaneously meet the essential needs of blockchain transactions such as transaction performance, smart contracts, and privacy protection, CoinEx Chain developed three distinct and specialized public chains that operate in parallel and interconnect through cross-chain technology. Currently, the block time for the public chain ranges between 2-3 seconds, which has been relatively stable according to TokenInsights tracking observations. However, the number of transactions conducted via the CoinEx public chain is still relatively low, with approximately 30,000 transactions in the past 24 hours. The disclosed TPS can reach up to 1,500 transactions per second.

CoinEx Chain adopts a three-chain parallel model, building a richer ecosystem around the DEX. These chains are: the DEX Chain, the Smart Chain, and the Privacy Chain, each responsible for decentralized trading, smart contracts, and on-chain privacy protection, respectively.

CET tokens involved in complex financial contracts can be transferred from the DEX Chain to the Smart Chain and then back to the DEX Chain upon completion. Tokens requiring mixing can also undergo private transactions through the Privacy Chain and ultimately return to the DEX Chain. Each chain specializes in its function, interconnecting through relay mechanisms and cross-chain technologies, ensuring their respective transaction processing speeds and functional attributes while jointly providing more comprehensive and secure features. Together, they constitute the decentralized public chain ecosystem of CoinEx Chain.

In addition, CoinEx Chain supports any participant issuing new tokens and creating new trading pairs on the chain. CoinEx Chain ensures the liquidity of new tokens by establishing trading pairs between them and CET.

Public Chain Planning

The development plan for the CoinEx public chain involves creating a series of public chains with specific application directions, including:

1. EX Chain: To address issues of poor security and transparency commonly criticized in centralized exchanges; aimed at building a transparent, secure, and permissionless free financial platform; maximizing the replication of centralized exchange experiences;

2. Smart Chain: A dedicated public chain supporting smart contracts, providing a platform for complex financial applications;

3. Privacy Chain: Mainly provides protection and concealment of transaction amounts, account balances, and information about both parties involved in the transaction.

To achieve the performance required for each specific application chain, each chain within the CoinEx public chain focuses on developing one particular function. For example, the DEX Chain, to enhance its transaction processing speed, only supports necessary functions and does not support smart contracts. To implement smart contract functionality, cross-chain connections between the DEX Chain and the Smart Chain are utilized.

Token Economics

CoinEx Token (CET) is the native token of the CoinEx ecosystem, issued in January 2018. Token holders can enjoy certain value-added services within the ecosystem, currently primarily used as the native token of the CoinEx Chain.

Use Cases

The current use cases for CET mainly include discounted platform trading fees, VIP services, exclusive event benefits, internal circulation and fuel within CoinEx Chain, and external scene usage.

1. Discounted Platform Trading Fees

CoinEx platform users can use CET to offset trading fees when conducting transactions on the platform, and using CET to pay trading fees entitles them to exclusive discount rates offered by the platform.

2. VIP Services

Holding a certain amount of CET qualifies users as VIP members of the platform, or they can purchase VIP status with CET to gain corresponding privileges, such as fee discounts, accelerated withdrawals, and dedicated customer service.

3. Exclusive Event Benefits

CET holders enjoy exclusive rights to the platforms marketing activities, such as participating in token airdrops or gaining priority access to high-quality projects.

4. Native Token of CoinEx Chain

CET serves as the native token of CoinEx Chain, circulating within the CoinEx Chain and acting as fuel. Users can also use CET to invest in or trade other digital assets. Additionally, CET can be used for transaction fees, feature fees (token issuance, creation of new trading pairs, account activation), and users can participate in validator elections by staking CET tokens.

CET is also used as the circulating token for various scenarios within CoinEx DEX, such as token issuance, order creation, Bancor, address activation, and setting address aliases.

Overall, the variety of use cases for CET is still limited. To better develop the internal ecosystem of the platform, it is necessary to design and develop more use cases and incentive mechanisms for CET, increasing both new user acquisition and retention rates.