Dear CoinEx users,
According to the CET applications, CoinEx has conducted the 7th Monthly CET Repurchase & Burning in 2021. 92,852,031.11 CET in total were repurchased and then burnt on November 1, 2021.
1. Repurchase details
(1) Repurchased amount: 92,852,031.11 CET
(2) Address for daily repurchased：https://www.coinex.com/token
2. Burning details
(1) Burning Market Value: 5,783,285.42 USD
(2) To address:
3. CET details
Up to November 1, 2021, the records of CET repurchasing, burning and remaining are as follows:
Total Repurchased: 928,363,166.31 CET
Total Burning: 6,009,344,220.42 CET
Total Remaining: 3,927,665,765.00 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.
November 1, 2021