Exchanges now often have their own tokens and ofter chain and Coinex is one of those places.

Lately, they did a buyout and burn of supply of CET 19,182,420 CET in total were repurchased and then burnt on April 1, 2020.

This way the coin value rises as its bought from the market and destroyed.

So far the exchange has repurchased a total amount of 157,822,391.02 CET, burnt 44,157,822,391.02 CET and the total amount of CET has now been reduced to 5,842,177,609.53 CET.

CoinEx has resumed the plan of CET repurchase and burning, i.e. repurchasing and burning CET with 50% of our quarterly trans-fee revenues. When the circulating supply of CET reduces to 3 BILLION, CoinEx will suspend the plan of CET repurchase and burning but we have loads of time before that happens.

If you never heard of Coinex then maybe check my interview with Coinex CEO or see some stats below.

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Worth to note Coinex is directly connected to Viapool one of the top BTC pools in the world. So better start trading there as the exchange has loads of options. You can even buy the only legit cloud mining there that does ROI.

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