As blockchain technology advances and the cryptocurrency market matures, the demand for on-chain revenue continues to grow. CoinEx, a leading global cryptocurrency exchange, responded to this market trend by launching its Staking service in 2024, providing users with a simple and efficient way to participate in blockchain network consensus mechanisms and earn stable and significant returns. This article delves into the workings of CoinEx Staking, explores its potential for CET holders, and discusses the profound impact that the upcoming comprehensive upgrades to CET will have on the platform’s ecosystem and user experience.
CoinEx Staking: Easily Unlocking On-chain Revenue
CoinEx Staking is an innovative financial service based on blockchain technology, allowing users to stake their crypto assets, participate in the validation process of blockchain networks, and earn rewards. Compared to traditional investment methods, staking helps users achieve long-term asset preservation and appreciation and enhances the overall efficiency of blockchain ecosystems by supporting network security and stability. With a user-friendly interface and a seamless user experience, CoinEx Staking ensures that even users without technical backgrounds can easily participate in earning on-chain rewards through a few simple steps.
This service significantly lowers the technical barriers for users to participate in on-chain revenue, allowing more cryptocurrency holders to enjoy the benefits of blockchain technology. By staking their assets through CoinEx Staking, users’ contributions to the network consensus mechanism are automatically handled by the platform, with on-chain returns being generated accordingly. CoinEx Staking not only provides users with a stable income channel but also helps them embark on a new journey of earning on-chain revenue with ease.
CoinEx Staking Supporting CET: Unlocking Multiple Potential for Asset Growth
Currently, the CoinEx Staking service supports CET (CoinEx Token), providing global CET holders with an opportunity to further increase their assets. By staking CET, users can enjoy the potential appreciation of their assets while also earning additional staking rewards, making this dual-benefit model an attractive option for cryptocurrency investors looking to increase their wealth.
What sets CoinEx Staking’s support for CET apart is its high degree of flexibility. Users can freely choose different staking periods based on their personal investment goals and market expectations—ranging from short-term to long-term staking—allowing for flexible adjustments to achieve optimal investment returns. This flexible staking period design enables users to maximize their investment potential while navigating market fluctuations, opening up new dimensions for asset growth.
CET: Core Value in the CoinEx Ecosystem
CET（CoinEx Token）, has been an integral part of the CoinEx ecosystem since its launch in January 2018. Initially issued on the Ethereum ERC20 standard, CET has since migrated to the CoinEx Smart Chain, a public blockchain independently developed by CoinEx, where it serves as the primary fuel for transactions and operations.
The value of CET is multifaceted. Firstly, as the platform’s native token, CET can be used to offset trading fees and enjoy exclusive fee discounts. Additionally, users who hold a certain amount of CET can upgrade to become platform VIPs, enjoying privileges such as discounted fees, daily interest rate discounts in margin borrowings, VIP manager, and ticket priority. Furthermore, CET holders can participate in platform promotional activities, enjoy token airdrops, participate in mining opportunities, and apply for Dock projects.
Meanwhile, CoinEx employs a “daily repurchase and monthly burn” strategy to continuously reduce the circulating supply of CET, thereby increasing its scarcity and intrinsic value. According to the platform’s rules, CoinEx allocates 20% of its daily transaction fee revenue to repurchase CET, which is then burned at the end of each month. This approach not only effectively enhances CET’s market value and price stability but also provides a degree of long-term investment protection for users.
Comprehensive CET Upgrade: Multi-dimensional, Multi-value
As CET’s importance in the CoinEx ecosystem continues to grow, the CoinEx team plans a comprehensive upgrade for CET, further expanding its application scenarios, enhancing holder rights, and deeply integrating it into more aspects of the platform. This upgrade will focus on several key areas:
- Expanding Application Scenarios
CoinEx will expand CET’s application scenarios, increasing its utility both within and outside the platform. In the future, CET will not only play a greater role in transaction fee deductions but will also be applied to a broader range of on-chain and off-chain scenarios. This expansion will significantly enhance CET’s practical value and drive market demand, further solidifying its role as the core token of the platform.
- Upgrading Holder Rights
This upgrade will significantly enhance the rights of CET holders on the CoinEx platform, granting them greater autonomy and control when using the platform. In the future, CET holders may be granted governance voting rights, allowing them to directly participate in major platform decisions. This upgrade will not only empower users with more participation but also ensure that the platform’s development is more aligned with user needs and interests.
- Deeper Integration Across Multiple Domains
CET will gradually be integrated into more core areas of the CoinEx ecosystem, from daily transactions to the latest specialized projects. CET will become an essential tool for users to unlock more growth opportunities both within and outside the platform. This deeper integration will further solidify CET’s role within the ecosystem while providing users with a richer usage experience and additional value growth opportunities.
Conclusion
The support of CET through CoinEx Staking marks a significant step in CoinEx’s efforts to expand the CET ecosystem and enhance user experience. Through this innovative service, global CET holders can enjoy more opportunities for asset appreciation while benefiting from flexible staking periods. As CET undergoes a comprehensive upgrade with expanded application scenarios, users will enjoy a more diverse range of rights and experiences on the CoinEx platform. This not only significantly enhances CET’s market value but also creates more investment opportunities and growth potential for token holders. CoinEx will continue to lead the development of the cryptocurrency market, committed to providing users with secure, stable, efficient, and diversified crypto products and services, driving sustainable industry growth and technological innovation.
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and futures trading, margin trading, swap, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful, and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.
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