Dear CoinEx users,
According to the CET applications, CoinEx has conducted the 12th Monthly CET Repurchase & Burning in 2022. 20,712,987.85 CET in total were repurchased and then burnt on Jan 1, 2023.
1. Repurchase details
(1) Repurchased amount: 20,712,987.85 CET
(2) Address for daily repurchased：https://www.coinex.com/token
2. Burning details
(1) Burning Market Value: 979,028.64 USD
3. CET details
Up to Jan 1, 2023, the records of CET repurchasing, burning and remaining are as follows:
Total Repurchased: 1,689,195,652.95 CET
Total Burning: 6,770,176,707.14 CET
Total Remaining: 3,176,518,850.89 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.
Jan 1, 2023