The CET token is the native cryptocurrency of the CoinEx exchange ecosystem, introduced in January 2018. Initially launched as an ERC20 token on Ethereum, it has since evolved to play a key role in the entire CoinEx platform, especially with the emergence of the CoinEx Smart Chain (CSC) in 2021. CET’s utility has expanded significantly, becoming an integral part of various operations and services in the ecosystem.
In this article, I will discuss the current benefits of owning CET and the future plans for this token, focusing on new products that will increase its utility along with its value.
Current benefits of having CET
The CET token offers its holders a number of benefits that make it a key element of the CoinEx ecosystem.
Role on CoinEx Smart Chain (CSC): CET serves as the native token on the CoinEx Smart Chain (CSC), supporting transactions and smart contracts. As the CSC ecosystem grows, demand for CET will increase, which could help increase its value and importance in the CoinEx ecosystem.
Discount on transaction fees: CET holders can benefit from attractive discounts on transaction fees on the CoinEx platform. By activating the CET payment option, users gain up to 80% discount on fees.
VIP services: having a certain amount of CET qualifies users for the VIP program. Its VIP members can count on even greater discounts on fees, faster payouts, access to exclusive events and personalized customer service.
Exclusive promotional privileges: CET token allows access to unique opportunities such as participation in airdrops, voting on the introduction of new tokens to the exchange and early access to investing in the most promising projects.
CET Token and Future Plans
CoinEx is preparing to launch several innovative features that will significantly increase the usability of the native token. These initiatives are strategically designed to increase demand and strengthen CET’s position as a key asset on the CoinEx platform. Here is an overview of the key products that will shape the future of the entire ecosystem:
CoinEx Dock
CoinEx Dock is set to become a key part of the CoinEx ecosystem, focusing on Initial Exchange Offerings (IEOs). The platform will help early-stage projects raise funds and gain visibility, while providing users with access to high-quality investment opportunities. Participation thresholds will be flexible, with VIP users receiving priority access. The product will directly link the value of the CET token to the success of new projects on the platform, encouraging more users to hold and use CET for early investments.
CET Staking
With this service, users can stake their CET tokens to earn passive income. In addition to the potential for value appreciation, CET staking will offer stable annual returns on investment. Stakers will also have a say in governance decisions, allowing them to contribute to the future direction of the CoinEx ecosystem. The staking feature will not only encourage CET ownership, but also further integrate it into the platform’s operations.
CoinEx Mining
CoinEx Mining is another upcoming service that will allow users to stake CET and other assets to earn rewards. By staking assets, users will help promote the circulation of high-quality projects in the CoinEx ecosystem. Rewards will be distributed proportionally based on the amount staked, ensuring. CoinEx Mining will therefore increase the utility of CET by creating additional demand and engagement on the platform, making it a key tool for both passive income and active participation in the ecosystem.
CoinEx Cryptocurrency Loans
CoinEx Crypto Loans aims to meet users’ liquidity needs without having to sell their assets. By pledging CET or other digital assets, users can borrow other assets for trading, investing, or withdrawal. This service will improve capital utilization and asset allocation efficiency, adding another layer of utility to CET. By allowing users to leverage their CET holdings for financial flexibility, Crypto Loans will drive further adoption and value of CET.
CoinEx Financial Account
CoinEx Financial Account allows users to earn interest on their idle digital assets. With no minimum deposit limit, users can deposit or withdraw their cryptocurrencies at any time. This service provides a great opportunity for users to passively grow their assets.
Summary
CET has become an extremely important asset in the CoinEx ecosystem, offering a number of benefits to its holders. With the introduction of new products such as CoinEx Dock, CET Staking, CoinEx Mining, Crypto Loans, and Financial Account, its utility and value have the potential to grow even further.
CoinEx’s future plans will not only improve the overall experience of the platform, but also solidify CET as an essential resource for users and investors.
