CoinEx Token (CET) is the native asset of CoinEx Chain, a public chain aiming to create a decentralized trading system. CET was issued in January 2018 and is used for discounts on trading fees, purchasing value-added services, and participating in staking and governance on the CoinEx Chain. It is also used as gas on the CoinEx Smart Chain, which supports decentralized applications and smart contracts. The token's value is influenced by its application scenarios, economic model, and burning mechanism, which reduces its circulating supply.
CoinEx Token (CET) is the native token of the CoinEx cryptocurrency exchange and plays a crucial role within the CoinEx ecosystem. Here are the primary ways CET is utilized:
Discount on Transaction Fees: CET holders can use their tokens to pay for trading fees on the CoinEx platform, enjoying exclusive rate discounts.
VIP Services: Users holding a certain amount of CET can become VIP customers, gaining privileges such as rate discounts, accelerated withdrawals, exclusive activities, and dedicated customer service.
Exclusive Activity Rights: CET holders have special rights and interests in platform marketing activities, including participating in token airdrops, voting for token listings, and accessing high-quality project investment opportunities.
Gas for CoinEx Smart Chain (CSC): CET serves as the built-in circulation token and gas for the CoinEx Smart Chain, which supports smart contracts.
External Circulation Scenarios: CoinEx aims to promote the use of CET in external scenarios, such as payments, expanding its circulation beyond the CoinEx ecosystem.
These utilities enhance the value and functionality of CET within the CoinEx ecosystem, fostering a strong connection between the token and the platform's growth.
To store CoinEx Token (CET) tokens, you can use various wallet options. Here are some steps to follow:
Centralized Exchanges (CEX): You can store your CET tokens on the wallets provided by centralized exchanges like Binance Wallet.
Crypto Wallets: You can also store your CET tokens on crypto wallets like Trust Wallet.
Cold Wallets: For long-term storage, consider using cold wallets, which are more secure than hot wallets.
CoinEx Wallet: CoinEx Wallet supports multiple blockchains and over 1 million tokens, including CET. You can manage your CET tokens along with other crypto assets using this wallet.
Other Wallets: You can also explore other wallets that support CET tokens and choose the one that best fits your needs.
Remember to always follow best practices for securing your wallets and protecting your assets.
To buy CoinEx Token (CET) tokens, follow these steps:
Register and Verify: Register an account on a centralized exchange (CEX) that supports CET trading, such as CoinEx. Verify your identity and secure your account by enabling two-step verification.
Buy Fiat-Pair Cryptocurrency: Use fiat currency to purchase a cryptocurrency like USDT, ETH, or BNB, which can be easily traded for CET. This can be done through the CEX's OTC trading service or financial platforms like PayPal or Robinhood.
Transfer to CET-Supporting CEX: If the CEX you're using doesn't support CET trading, transfer your purchased cryptocurrency to a CEX that does. Ensure the CEX supports the trading pair you need, such as CET-USDT, CET-ETH, or CET-BNB.
- Buy CET: Once you have the required cryptocurrency in the correct CEX, use it to buy CET in the spot market.
Additionally, you can also get CET for free through airdrops, staking, or trade earnings on platforms like BingX.
