CoinEx’s CET Rediscovery: A New Opportunity in 2024

It has already been 7 years since CoinEx’s CET launched. 7 years: long enough in the crypto industry. However, with the endless effort the exchange platform puts into its development, broadening its use cases, and enriching its values, CET still has much more potential to grow, making it one of the native tokens to watch on the list in 2024.

In this article, we will try to define what makes a good exchange token and how these factors apply to CET.

What Good Exchange Tokens Should Include

When we talk about good exchange tokens, there are several key factors we need to consider.

Trading and utility

A good exchange token should have strong utility within the exchange’s ecosystem. This can include fee discounts, access to exclusive features, or participation in governance.

Also, high liquidity is essential for a good exchange token. It should be easily tradable with minimal price impact, ensuring users can buy or sell it without significant slippage.

Security and governance

Good tokens often come with clear, transparent governance mechanisms that allow holders to participate in decision-making processes. This can include voting on key issues, such as changes to the token’s utility or distribution.

For an exchange token, the exchange backing the token should have robust security measures to protect users’ funds and data. A token from a secure and reputable exchange is more likely to be trusted and used by people.

Price stability

The supply and distribution of the token should be well-designed to avoid issues like inflation or excessive centralization. A good tokenomics model balances incentives for holders, traders, and the exchange itself.

A good exchange token should demonstrate stability and resilience in the market. While some volatility is expected, excessive fluctuations can undermine confidence and utility.

Community and popularity

The more widely adopted and in demand the token is, the better. This can be driven by the popularity and user base of the exchange, as well as partnerships and integrations with other platforms and services.

A strong, active community can significantly enhance the success of an exchange token. Engaged users can provide feedback, promote the token, and contribute to its overall growth and stability.

CET’s Potential as CoinEx’s Token

After all that long elaboration of what good exchange tokens should include, we may now drill into the nature of CoinEx’s CET.

CET’s Liquidity

CET first launched in January 2018. It was listed on CoinEx in March with an opening price of 0.006 USDT, serving as CoinEx’s native token. 

The basic usage of CET is for transaction fees on CoinEx, and that has not and will not change.

To ensure high liquidity, CoinEx has implemented several effective strategies. Firstly, CET is listed on the CoinEx exchange with multiple trading pairs, allowing users to trade it with various cryptocurrencies, which enhances its accessibility and liquidity.

Secondly, CoinEx offers trading fee discounts and other incentives for using CET, encouraging more users to hold and trade the token. Users who hold 2,000 CET or more will automatically enrol as VIP members and could enjoy fee discounts at different levels. Learn more

By joining the VIP program, CoinEx users could enjoy privileges like regular promotions, airdrops, and referral programs. All of these help boost interest and trading activity in CET, further supporting its liquidity and use cases.

Other than that, there are several key factors that CoinEx’s CET meets to establish it as a strong prospect.

CET’s Security

CoinEx employs robust security measures to protect users’ funds and data. These include multi-signature protocols, real-time monitoring, and a proprietary cold storage system.

Also, it has partnered with cybersecurity leader SlowMist Technology to boost anti-money laundering efforts. The CoinEx Shield Fund allocates 10% of trading fees to insure user assets, ensuring a secure trading environment.

The exchange’s commitment to security enhances the trust and reliability of CET.

Transparency and Community Support

CET has a strong and active community with more than 6 million users in more than 200 countries and regions. To maintain transparency with users, CoinEx engages with its community through social media (e.g., X and LinkedIn) and events, fostering a loyal user base that supports the token’s growth and stability.

Whenever there are product updates or promotions, users can immediately learn about them from the official website. The clear communication assures users to note about CET’s use cases and CoinEx’s future plans, fostering trust among users.

Performance and Stability

CET has a well-designed tokenomics model. The token supply is capped, and CoinEx periodically burns a portion of CET based on the exchange’s revenue, reducing the total supply and potentially increasing the token’s value over time. Learn more

Looking back at CET’s performance, although it will inevitably adjust with the entire market, it has demonstrated relative stability and resilience in the market. While all cryptocurrencies experience some volatility, CET’s performance has been bolstered by its strong use cases and growing adoption.

CoinEx continuously updates its platform and introduces new features to enhance the utility of CET. The exchange’s commitment to innovation keeps CET relevant and valuable to its users.

By meeting these factors, CoinEx’s CET establishes a good prospect as a reliable and valuable exchange token.