CoinEx Token (CET) was launched in January 2018 and is the native token of CoinEx Chain. CoinEx Chain is a public chain specially built for decentralized exchanges. The mainnet was officially launched in November 2019.
CoinEx Chain aims to use the industry's highest technical standards to create a decentralized trading system (CoinEx DEX) with community-based operations, transparent trading rules, and user assets controlled by itself. It innovatively adopts a parallel model of three public chains: DEX public chain, Smart public chain and Privacy public chain. The three chains focus on transactions, smart contracts and privacy, and are interconnected through the IBC inter-chain communication protocol to create a decentralized public chain ecosystem.
CET, as the value-added service rights and interests of users in the CoinEx business ecosystem, can be circulated and used in various scenarios:
1. CoinEx platform users can directly use CET to deduct when trading Equivalent transaction fees or use CET to purchase other platform value-added services
2. Used to pay transaction fees on the CoinEx Token chain
3. Used to initiate CoinEx Chain proposals and voting to participate in community governance
4. As a mortgage token, CET holders can participate in the staking economy in CoinEx Chain
