Dear CoinEx users,
According to the CET applications, CoinEx has conducted the 8th Monthly CET Repurchase & Burning in 2021. 56,529,556.16 CET in total were repurchased and then burnt on December 1, 2021.
1. Repurchase details
(1) Repurchased amount: 56,529,556.16 CET
(2) Address for daily repurchased：https://www.coinex.com/token
2. Burning details
(1) Burning Market Value: 5,081,524.62 USD
(2) To address: https://www.coinex.net/tx/0x120e4f6da60f389a150e4bb02b8a4f81a2b30fc63213ef454d210d86120158d8
3. CET details
Up to December 1, 2021, the records of CET repurchasing, burning and remaining are as follows:
Total Repurchased: 984,892,722.47 CET
Total Burning: 6,065,873,776.59 CET
Total Remaining: 3,872,000,099.00 CET
4. Notes
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.
CoinEx Team
December 1, 2021
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