Dear CoinEx users,
Details of CoinEx's monthly ecology report for March are as follows.
1.CET Statistics
a.Burning details
48,959,580.39 CET was repurchased in March 2021, a total value of 1,155,871.85 USD.
So far, CoinEx has cumulatively burnt 5,560,310,774.39 CET.
b. Circulation status (as of March 31, 2021)
Existing amount: 4,576,763,700.38 CET
Circulating amount: 4,288,435,402.00 CET
Deflation rate of circulating capital this month: 0.96%
Note: Deflation rate of circulating capital= Total repurchase this month/ Total circulation this month = 41,400,807.23/ 4,288,435,402.00≈0.0096
2. CoinEx Updates
a. Statistics
Compared with February 2021, CoinEx’s Spot trading volume and Perpetual trading volume in March 2021 increased by 1.10% and 70.27% respectively. Currently, CoinEx has supported 218 cryptocurrencies and 426 trading pairs.
b. Newly listed cryptocurrencies
CoinEx listed FNX, LPT, SAND, TARA, RLY, BEL, AR, AUDIO, POND, XHV, HOPR, RARI, KLV in March. Their prices and changes are as follows:
|
Name |
Opening Price (USDT) |
Highest Price (USDT) |
Max. Change |
|
BEL |
3.430 |
30.00 |
774.64% |
|
KLV |
0.026 |
0.169 |
550.00% |
|
AUDIO |
0.928 |
4.502 |
384.91% |
|
AR |
13.00 |
39.04 |
200.31% |
|
HOPR |
0.702 |
2.000 |
184.90% |
|
FNX |
0.508 |
1.012 |
99.21% |
|
RARI |
24.72 |
47.96 |
94.01% |
|
TARA |
0.046 |
0.089 |
93.48% |
|
POND |
0.146 |
0.280 |
91.78% |
|
XHV |
9.001 |
16.98 |
88.67% |
|
RLY |
0.941 |
1.580 |
67.91% |
|
SAND |
0.537 |
0.900 |
67.60% |
c. Activities
In March, CoinEx distributed a total of 332,800 USD in the following activities:
· FNX Online: Deposit & Hold CET to Share 4000 FNX Airdrop
· KLV Listed: Get 1,000,000 KLV for Free
· CoinEx Will Launch the First Perpetual Contract Market Maker Event, with 200,000 USDT as a Reward
· CoinEx Spring Events of Perpetual Contract Launched, Here to Claim Your 80,000 USDT
· Vote for Long/Short on CoinEx, Enjoy Contract Rewards at Zero Cost
· Deposit & Trade HYDRO to Share 25,000 USD Worth of HYDRO
d. Features&Services
· CoinEx Chain announced its upgrade plan: CoinEx Smart Chain
—The CoinEx Smart Chain (CSC) will use the POS consensus protocol to achieve a block generating time of about 3 seconds. Apart from its ability to maintain the high throughput of the original public chain and extremely low transaction fees, it supports smart contract and is compatible with Ethereum Virtual Machine (EVM). With Ethereum tools and various DApps supported, developers can easily port Ethereum DApps to CSC, and users can use various DApps on CSC through common tools such as MetaMask wallet.
· The CoinEx App has undergone features optimization
e. Market Dynamics:
· The latest AMM feature launched by CoinEx was included in TokenInsight’s Weekly Market Review
· CoinEx Chain announced its upgrade to a smart chain, stepping further to the Defi journey
· Held AMA with Klever, Haven Protocol and FinNexus in overseas communities.
3. CoinEx Institution
Trend interpretation:
· Nine New Highs Suggesting A Bright Future of Ethereum
Exclusive analysis:
· CoinEx Institution: Can the Storage Star Arweave Replace Filecoin?
· CoinEx Institution: AAVE, the Legendary “Marathon Runner” in DeFi Lending
· CoinEx Institution: Justin Sun and His TRON, the Chinese Top Public Chain That Remains Quite Active Recently
· CoinEx Institution: Research Report on Audius, “The Blockchain Version of SoundCloud”
· CoinEx Institution: Research Report on DODO, A Decentralized Trading Platform Based on Proactive Market Maker (PMM) Algorithm
4. About CoinEx
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.
5. 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
April 12, 2021
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