Monthly CET Repurchase & Burning in February 2022

On March 1, 2022, according to the agreement on the value of CET, CoinEx carried out the second monthly CET repurchase in 2022 and destroyed 59,001,818.34 CET.

Number of repurchases: 59,001,818.34 CET

Destroyed market value: 3,336,075.32 USD

As of March 1, 2022, the details of CET’s cumulative repurchase, cumulative destruction, and remaining total are as follows:

Cumulative repurchase: 1,145,755,595.9 CET

Cumulative burn: 6,226,736,650.03 CET

Total Remaining: 3,713,738,305.00 CET

According to the stipulation in the announcement of “Information Disclosure on CET Circulation and Future Application”, CoinEx will use 50% of the platform fee income to repurchase CET every day, and at the end of each calendar month, all CET repurchased in that 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.

Go to CoinEx’s Official Website