Dear CoinEx users,
According to the CET applications, CoinEx has conducted the 1st Monthly CET Repurchase & Burning in 2023. 31,395,580.05 CET in total were repurchased and then burnt on Feb 1, 2023.
1. Repurchase details
(1) Repurchased amount: 31,395,580.05 CET
(2) Address for daily repurchased：https://www.coinex.com/token
2. Burning details
(1) Burning Market Value: 1,404,895.69 USD
3. CET details
Up to Feb 1, 2023, the records of CET repurchasing, burning and remaining are as follows:
Total Repurchased: 1,720,592,233.-- CET
Total Burning: 6,801,572,287.19 CET
Total Remaining: 3,146,017,663.89 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.
Feb 1, 2023