Monthly CET Repurchase & Burning

On December 1, 2021, according to the agreement on the value of CET, CoinEx carried out the 8th monthly CET repurchase in 2021 and destroyed 56,529,556.16 CET.

Repurchase quantity: 56,529,556.16 CET

Destroyed market value: 5,081,524.62 USD

As of December 1, 2021, the details of CET’s cumulative repurchase, cumulative destruction, and remaining total are as follows:

Cumulative repurchase: 984,892,722.47 CET

Cumulative destruction: 6,065,873,776.59 CET

Total remaining amount: 3,872,000,099.00 CET

According to the “Information Disclosure on CET Circulation and Future Applications” announcement, CoinEx will use 50% of the platform fee income to repurchase CET every day and will destroy all CET repurchased in the current month at the end of each natural month until The total amount of CET was reduced to 3 billion.

According to user feedback and after careful consideration, CoinEx decided to continue to use 20% of the platform’s fee income to repurchase and destroy CET after the total amount of CET is reduced to 3 billion, until all CET is destroyed.

Go to CoinEx Official Website