The CoinEx ecosystem, initiated by ViaBTC, aims to explore new models in the blockchain industry and promote the development of this technology. To maintain the principle of “user first”, it provides a solid ecosystem with a wide range of services, including CoinEx, CoinEx Wallet, CoinEx Smart Chain, CoinEx Explorer and CoinEx Charity.
Let’s take a closer look at each of the elements of the CoinEx ecosystem that allow you to access the latest market trends and meet the needs of every user.
CoinEx Exchange
Founded in 2017, CoinEx is a global cryptocurrency trading platform that supports over 1,100 cryptocurrencies, offering over 1,500 trading pairs. It serves over 6 million users, in 16 languages, in over 200 countries and regions around the world.
The platform provides users with a simple and stable way to trade cryptocurrencies. CoinEx aims to meet the needs of all users by expanding its offering to include futures contracts, margin trading, automated market making (AMM), financial accounts, strategic trading, and crypto lending.
In addition to professional services, CoinEx is actively building its security system. The security team uses advanced mechanisms to balance convenience and security across hot and cold wallets, including multi-sig protocols, physical separation of systems, real-time monitoring, and automated alerts. CoinEx has also established a Shield Fund, which allocates 10% of transaction fees to further safeguard the integrity of users’ assets from extreme threats. The exchange has also partnered with leading blockchain security institutions.
CoinEx Wallet
CoinEx Wallet, a multi-chain wallet, was launched in May 2019. It offers integrated features to enhance the web3 experience, supporting over 53 major blockchains and over 1 million tokens, combined with multiple security measures to protect user assets 24/7.
CoinEx Wallet also supports multiple wallets, staking, DApp browser, cross-chain swap, transaction accelerator and many other features. Thanks to its spaciousness, CoinEx Wallet already serves over 100 thousand users, collecting over 1 billion transactions.
CoinEx Smart Chain
CoinEx Smart Chain (CSC), based on the PoS consensus protocol, is a decentralized, permissionless, high-performance smart contract chain tailored for DeFi applications. It offers developers a user-friendly environment. It supports up to 101 nodes based on the ranking of staked CET tokens, along with fast block generation time and low transaction fees.
CoinExplorer
CoinEx Explorer is an advanced blockchain explorer. It provides multi-cryptocurrency data, network hash rate, transactions, mining, and active addresses, and supports tools such as transaction acceleration. The goal of CoinEx Explorer is to help users access on-chain data by offering a simple and convenient way to search for information on the blockchain.
CoinEx Charity
CoinEx Charity is a non-profit organization operating under CoinEx. Founded in 2022, CoinEx Charity focuses on providing beneficial work in education, poverty alleviation, disaster relief, and medical support on a global scale. With a mission to “Make the World a Better Place with Blockchain,” the organization continues to put people first and has established a multi-million dollar charitable fund. As of 2024, CoinEx’s charitable work has expanded to 44 countries and regions and has helped over 46,000 beneficiaries.
The role of the CET token in the CoinEx ecosystem
The native token of the ecosystem, CET, has developed a comprehensive economic mode since its issuance in January 2018 and has become the cornerstone of CoinEx. CET holders are entitled to special privileges, such as airdrops or discounts on trading fees.
CET also serves as a fuel and governance token in the ecosystem. There is also a burn mechanism to control the token supply. CoinEx uses 20% of the daily transaction fee income to buy back CET, then burns the minnets at the end of each month. As of July 17, 2024, CoinEx has burned over 7 billion CET in total. As the ecosystem grows, CET is expected to be widely used in more use cases, increasing holder confidence and encouraging long-term holding.
Summary
As you can see, the CoinEx ecosystem provides a comprehensive platform for users and developers. From fast and secure trading and multichain wallet support to charitable activities and blockchain exploration, the platform strives to continuously innovate in the cryptocurrency and blockchain industry.
