Dear CoinEx users,
According to the CET applications, CoinEx has conducted the 11th Monthly CET Repurchase & Burning in 2022. 37,319,277.40 CET in total were repurchased and then burnt on Dec 1, 2022.
1. Repurchase details
(1) Repurchased amount: 37,319,277.40 CET
(2) Address for daily repurchased：https://www.coinex.com/token
2. Burning details
(1) Burning Market Value: 1,728,228.28 USD
3. CET details
Up to Dec 1, 2022, the records of CET repurchasing, burning and remaining are as follows:
Total Repurchased: 1,668,482,665.10 CET
Total Burning: 6,749,463,719.28 CET
Total Remaining: 3,196,334,255.89 CET
Based on the Disclosure of CET Circulation and Future Applications, we will repurchase CET daily with 50% of our transaction fee income, and burn all the CET repurchased at the end of each calendar month until the total supply of CET reduces to 3 billion. According to users’ feedback and after careful consideration, after the "3 billion" target is achieved, we will continue to use 20% of our fee income for CET repurchase and burning until it is completely burned.
Dec 1, 2022