Review on CoinEx Token by Digital Convict
CET, pair to trade.
It is a native token of the Coinex Smart Chain, CSC. Therefore, it can be found in 2 types: The CET CSC and the CET ERC-20.
The main function of CET, Coinex Centralized Exchange is to reduce transaction fees on its platform; As well as granting privileges to the holders (These increase as they are had) There are up to 6 levels.
The platform has liquidity pools, paired with BTC, BCH, ETH and USDT; It can be entered with the minimum equivalent of 200 USDT per Asset. recently added the USDC pair to its list.Generating daily earnings in both currencies; Which are delivered at the time of withdrawing the liquidity; Liquidity cannot be partially withdrawn, it is withdrawn all at once.
The minimum purchase is 50 Tokens; Pools and the burning of CETs are reducing the circulating; The value are increasing almost 1,000% during the last 6 months; But it declined 50% in the recent crypto-asset crash (Mid. May 2021).
It can be stored in Via Wallet, which also has Staking options.
The CSC is fast and inexpensive.
Pros
- By holding on the platform, you get discounts on the trading fee.
- The total Supply will be gradually reduced (until reaching 3 Billions) so the value of the token will increase
- The platform has an option to exchange small amounts for CET;
- With having 1000 CETs you can access VIP1 privileges; Previously you needed 10,000 CET.
- You can exchange it for BTC, USDT, ETH, BCHA.
Cons
- It can only be found on 2 exchanges.
