Dear CoinEx users,
According to our strategic planning and opinions from the community and users, CoinEx will optimize CET repurchase & Burning plan for providing users with a better experience. The details are as follows.
CoinEx will change the original plan from "Daily Repurchase and Quarterly Burning" to "Daily Repurchase and Monthly Burning". After its activation, CoinEx will repurchase CET in the secondary market with 50% of its daily profits from transaction fees every day and burn them at the end of each month.
According to the applications of CET, 62,862,063.00 CET in total were repurchased and then burnt on May 1, 2021.
Repurchased amount: 62,862,063.00 CET
Market Value: 3,044,596.55 USD
Address for daily repurchased：https://www.coinex.com/token
At the time of this announcement, CoinEx has repurchased a total amount of 544,272,837.27 CET, burnt 5,623,172,837.39 CET and total amount of CET has now been reduced to4,376,827,162.61 CET.
Based on the Disclosure of CET Circulation and Future Applications, we will repurchase and burn CET every day with 50% of our transaction fee income, and burn all the CET repurchased monthly at the end of each month until the total supply of CET reduces to 3 billion. According to users’ feedback and after careful consideration, when the “3 billion” target achieved, we will continue to use 20% of our fee income for CET repurchase and burning until CET is completely burned.
May 1, 2021
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