Introduction
Founded in December 2017 by 90s entrepreneur Yang Haipo, CoinEx rapidly emerged as a global leader in cryptocurrency trading. As part of the ViaBTC Group ecosystem, it leverages years of blockchain expertise from operating one of the world's top five Bitcoin mining pools. This article explores CoinEx's competitive advantages, focusing on its native CET token and innovative ecosystem.
The ViaBTC Legacy: CoinEx's Foundation
Yang Haipo's technological prowess became evident when he single-handedly developed ViaBTC's mining pool code in 2016. This technical foundation translates to CoinEx's operational strengths:
- Proven infrastructure: Inherits ViaBTC's robust systems
- Security-first approach: Mining pool experience informs exchange safeguards
- Global scalability: Supports 100+ countries with multilingual interfaces
CET Token: The Heart of CoinEx's Ecosystem
CET (CoinEx Token) serves multiple functions within the platform's economy:
Key Utility Features
| Feature | Benefit |
|---|---|
| Fee Reduction | 50% trading fee discount when paid in CET |
| VIP Privileges | Tiered benefits including faster withdrawals |
| Quarterly Burns | Deflationary mechanism through token destruction |
| Smart Chain Fuel | Powers upcoming CoinEx Smart Chain (CSC) transactions |
Tokenomics Breakdown
- Initial Supply: 10.8 billion (fully circulated after 2021 burn)
- Current Burn Rate: 50% of platform fees until 3B supply
- Post-3B Plan: 20% fee allocation for continuous burns
Emerging Opportunities: The CSC Advantage
The forthcoming CoinEx Smart Chain (CSC) positions CET for growth:
👉 Discover how CSC compares to Ethereum
- EVM-compatible architecture
- Lower gas fees than mainnet alternatives
- Native CET integration for transactions
Market Position and Growth Potential
While CET has shown steady appreciation, analysts suggest:
- Undervalued relative to exchange competitors
- Strong fundamentals with clear use cases
- CSC launch could drive adoption surge
FAQ: Addressing Common CET Questions
Q: How does CET compare to exchange tokens like BNB?
A: CET mirrors many utilities (fee discounts, burns) while adding CSC-specific functions.
Q: Where can I stake CET?
A: Currently through CoinEx's trading fee discounts; CSC staking coming post-launch.
Q: What makes CSC different from BSC?
A: CSC focuses on cross-chain interoperability while maintaining EVM compatibility.
👉 Learn about emerging smart chains
Conclusion
CoinEx combines exchange reliability with innovative blockchain development through CSC. With CET serving both platforms, its dual-utility design creates compelling long-term value propositions for investors and traders alike.