CoinEx has conducted the 4th Monthly CET Repurchase & Burning in 2022.
Details of CET Repurchase & Burning in April, 2022
On May 1, 2022, according to the agreement on the value of CET, CoinEx conducted the 4th CET monthly repurchase in 2022 and destroyed 58,459,839.22 CET.
Number of repurchases: 58,459,839.22 CET
Destroyed market value: 3,827,534.04 USD
As of May 1, 2022, the details of CET’s cumulative repurchase, cumulative destruction, and remaining total are as follows:
Cumulative repurchase: 1,262,531,537.47 CET
Cumulative burn: 6,343,512,591.61 CET
Total Remaining: 3,596,122,857 CET
According to the stipulations in the “Information Disclosure on CET Circulation and Future Application” announcement, CoinEx will use 50% of the platform fee income to repurchase CET every day, and at the end of each natural month, all CET repurchased in the month will be destroyed until the end of the month.
The total amount of CET is reduced to 3 billion.
According to user feedback, after careful consideration, CoinEx decided to continue to use 20% of the platform fee income to repurchase and destroy CET after the total amount of CET is reduced to 3 billion, until all CET is destroyed.
Please check BKEX official website or contact the customer support with regard to the latest information and more accurate details.
BKEX official website is here.
Please click "Introduction of BKEX", if you want to know the details and the company information of BKEX.
Comment by Hans
April 24, 2024
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