Dear CoinEx users,
Details of CoinEx's monthly ecology report for February are as follows.
1.CET Statistics
a.Burning details
62,306,153.46 CET in total were repurchased in February 2021, and 1.08 billion locked CET held by the CoinEx team were burnt at one time, with a total value of approximately 248,991,159 USD.
So far, CoinEx has cumulatively burnt 5,578,896,469.42 CET.
For more info, please refer to:
CoinEx Burned All Locked CET
CET Daily Repurchase Activated and Repurchase & Burning System Launched
b. Circulation status (as of February 28, 2020)
Existing amount: 4,618,164,507.61 CET
Circulating amount: 4,329,836,209.23 CET
Deflation rate of circulating capital this month: 1.42%
Note: Deflation rate of circulating capital= Total repurchase this month/ Total circulation this month = 62,306,153.46/4,392,142,362.69 ≈ 0.0142
For more CET info, please click https://www.coinex.com/token
2. CoinEx Updates
a. Statistics
Compared with January 2021, CoinEx’s Spot trading volume and Perpetual trading volume in February 2021 increased by 33.81% and 15.70% respectively. Currently, CoinEx has supported 210 cryptocurrencies and 417 trading pairs.
b. Newly listed cryptocurrencies
CoinEx listed YUSRA, CRO, COMBO, REEF, MIR, LIT, TORN, PERP, CAKE, DODO, MASK, STAKE, SXP, RAD in February. Their prices and changes are as follows:
|
Name |
Opening Price (USDT) |
Highest Price (USDT) |
Max. Change |
|
CRO |
0.061 |
0.276 |
352.46% |
|
RAD |
9.999 |
40.00 |
300.04% |
|
TORN |
200.2 |
472.0 |
135.76% |
|
LIT |
7.431 |
16.000 |
115.31% |
|
REEF |
0.027 |
0.058 |
114.81% |
|
COMBO |
4.299 |
9.000 |
109.35% |
|
MIR |
5.591 |
9.004 |
61.04% |
|
SXP |
2.342 |
3.556 |
51.84% |
c. Activities
In February, CoinEx distributed a total of 70,000 USD in the following activities:
MASK Online: Deposit to Share 20,000 USD Worth of CET
RAD Online: Deposit to Share 20,000 USD Worth of CET
TORN Online: Deposit to Share 10,000 USD Worth of CET
YUSRA Launched: Deposit & Trade YUSRA to Share 20,000 USD Worth of YUSRA
d. Features & Services
·Automated Market Making (AMM) empowers the liquidity of digital assets
—CoinEx launched AMM in February 2021 to improve the liquidity of the exchange market. The first batch of supported AMM markets including CET/USDT, AYA/USDT, LBC/USDT, FCH/USDT and TRTL/USDT. CoinEx plans to support 54 more markets next month.
CoinEx combines AMM and order book, and the system automatically converts the liquidity pool into an order book. Like Bancor, Uniswap and OneSwap, CoinEx uses the Constant Product Market Maker (CPMM) algorithm in AMM, which characterized in the firm liquidity provision to the market no matter how large the order book is or how small the capital pool is.
e. Market Dynamics:
Yang Haipo, founder of CoinEx, was interviewed by a well-known international rating agency, TokenInsight, and he revealed CoinEx’s strategic plan in 2021.
With the advantages of stability and efficiency, simple operation and rich supporting cryptocurrencies, CoinEx has been included in Beincrypto’s inventory "Top 8 best cryptocurrency exchanges of 2021”, a Russian media.
CoinEx announced its entry into the Russian market, improved local language support, and launched a material solicitation campaign for users in Russian-speaking areas.
3. CoinEx Institution
Trend interpretation:
· DeFi on the Rise Again. A Bubble Carnival or A Value Discovery?
Exclusive analysis:
· CoinEx Institution: Arbitrum, A Star Project of Layer 2, Is Coming Soon, Which Vitalik Is Optimistic About
· CoinEx Institution: Research Report on Flow, A New Generation of NFT Public Chain
· CoinEx Institution: Compound2.0? How Did the Anonymous Team PowerPool Draw So Much Attention?
· CoinEx Institution: Research Report on Injective Protocol (INJ)
· CoinEx Institution: PoX=PoW+PoS? The History of Stacks
4. About CoinEx&CET
CoinEx core team members are from world leading internet and finance companies, including the earliest adopters/professionals of cryptocurrency who boast rich experience in R&D and global operations in the industry. With its proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. CoinEx now supports multiple languages and are providing global trading services in over 100 countries/regions.
About CET
CET (CoinEx Token) is a value-added service and privilege scheme based on CoinEx ecosystem and is applicable to various scenarios. The applications of CET include but not limited to:
a. Long-term repurchase and burning
CoinEx will automatically repurchase and burn CET every day with 50% of its transaction fee income, and burn all the CET repurchased quarterly at the end of each quarter, until the total supply of CET reduces to 3 billion. When the “3 billion” target achieved, CoinEx will continue to use 20% of its fee income for CET repurchase and burning until CET is completely burned.
b. Deducted as transaction fee
CET can be deducted directly with the same market value as transaction fee at a dedicated discount.
c. VIP services
Users with a certain amount of CET can become VIP to experience services such as fee discount, withdrawal acceleration, exclusive customer service, etc.
d. Promotional campaign privileges
CET holders will enjoy special privileges for promotional campaigns on CoinEx, including token airdrop incentives, voting for token listing, quality project investment opportunities, etc.
e. Built-in token on CoinEx Chain
CET is the built-in token on CoinEx Chain to pay for “gas”. CoinEx Chain is a decentralized and highly effective public chain dedicated for DeFi.
CoinEx Team
March 16, 2021
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