What is CoinEx Smart Chain (CSC)

CoinEx Smart Chain (coinex.org) is built on the basis of the PoS consensus protocol, which is decentralized and energy-efficient, helping you easily build your own decentralized applications.

CET (CoinEx Token) is used as the built-in token circulation of the CoinEx Smart Chain and serves as its “fuel”.

Go to CoinEx’s Official Website

Characteristics of CSC

Friendly compatibility with Ethereum smart contracts: Dapps on Ethereum can be seamlessly migrated to CSC;

Nodes do not require permission and are more decentralized: support up to 101 block producing nodes, sorted according to the number of CET staked.

Extremely high efficiency and low transaction fees: second-level block generation speed, low handling fees.

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CSC support plan

In order to create a high-performance smart chain CoinEx Smart Chain (CSC) ecology, improve CSC basic track facilities, and enrich the track environment, CSC has established a CSC seed fund worth tens of millions of dollars to recruit outstanding developers from all over the world to build a decentralized network on CSC.

It encourages potential new developers to apply for CSC seed funds and create their own DApps on the CSC chain; project parties with mature development experience on other chains are also welcome to transplant their projects to the CSC chain.

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CSC public chain ambassador

In order to expand the CSC ecosystem, CSC adheres to the vision of open finance and becomes the cornerstone of the continuous development of the blockchain.

Users who are enthusiastic about the blockchain are invited to become part of the CSC team and work together with CSC.

Build a community, share technology, recommend projects, and enjoy ecological incentives.

Become a CSC public chain ambassador and get:

  1. Fixed salary: CSC will give a fixed salary denominated in USDT;
  2. Extra rewards: CSC will give extra rewards to various activities organized by ambassadors;
  3. Preferential listing channels: Ambassador-recommended projects enjoy limited listing channels on the CoinEx exchange.

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CET repurchase and destruction

Since its launch, CET has been issued and circulated through various forms such as airdrops, transaction fee refunds, operation promotions, and team unlocking.

At the same time, according to the value agreement of CET, CoinEx uses 50% of the platform fee income to repurchase CET every day, and at the end of each natural month, all the CET repurchased in that month will be destroyed until the total amount of CET is reduced to 3 billion.

In addition, CoinEx decided on March 12, 2021 that after the total amount of CET is reduced to 3 billion, it will continue to use 20% of the platform’s fee income for repurchase and destruction of CET until all CET is destroyed.

Go to CoinEx’s Official Website

Value of CET

Discounted platform transaction fees
CoinEx platform users can directly use CET to deduct transaction fees of equivalent value when trading, and enjoy exclusive rate discounts.
Enjoy VIP service
Holding a certain amount of CET can become a VIP customer of the platform. VIP users can obtain privileges such as rate discounts, accelerated withdrawals, and exclusive customer service.
Special event rights and interests
CET holders can enjoy special rights and interests in platform marketing activities, as well as participation in token airdrops, subscription for potential projects and other rights and interests.
CoinEx Smart Chain
CET is used as the built-in token circulation of CoinEx Smart Chain and serves as “fuel”. It is built based on the POS consensus protocol, decentralized and energy-efficient, helping you easily build your own decentralized applications.
More circulation scenarios
In addition to circulation within the CoinEx ecosystem, CoinEx will also promote the use and circulation of CET in more external scenarios, such as payment.

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CET repurchase and destruction

Since its launch, CET has been issued and circulated through various forms such as airdrops, transaction fee refunds, operation promotions, and team unlocking.

At the same time, according to the value agreement of CET, CoinEx uses 50% of the platform fee income to repurchase CET every day, and at the end of each natural month, all the CET repurchased in that month will be destroyed until the total amount of CET is reduced to 3 billion.

In addition, according to user feedback and after careful consideration, CoinEx decided on March 12, 2021 that when the total amount of CET is reduced to 3 billion, it will continue to use 20% of the platform fee income for repurchasing and destroying CET until all CET is destroyed.

Related announcements can be found in the CET column of the CoinEx Announcement Center.

Go to CoinEx’s Official Website

CET Ecology

Currency trading platform:
Based on the self-developed high-speed matching engine, the CoinEx platform will support more high-quality currencies in the future, continue to optimize product experience and platform liquidity, and serve more global users.
Derivatives trading platform:
CoinEx derivatives trading platform will provide professional users with high-leverage trading and hedging services, including perpetual contracts, wealth management and other products. In the future, more innovative and competitive contract products will be provided to users.
Decentralized trading platform:
The decentralized trading platform based on the CoinEx smart chain supports automatic market-making algorithms and the traditional order book model. The trading method is more flexible and fits the traditional trading habits, providing users with rich functions and simple Easy-to-use operation interface.
CoinEx Smart Chain:
CoinEx Smart Chain is based on the PoS consensus protocol. It is decentralized and energy-efficient, helping you easily build your own decentralized applications.

Sign up on CoinEx