CoinEx $CET

CoinEx is an innovative cryptocurrency project launched in January 2018. At the heart of the CoinEx ecosystem is the CoinEx Token (CET), the native currency utilized for a variety of functions on the CoinEx Chain. CoinEx Chain is a public blockchain specifically tailored for the hosting of a decentralized exchange (DEX), with its mainnet officially going live in November 2019.

CoinEx Token (CET)

The CoinEx Token, also known as CET, is the native token of the CoinEx Chain. Since its issuance in 2018, CET has become central to the operations of the CoinEx DEX, serving as the primary currency for transactions, fees, and other integral exchange functions. CET's utility and value within the CoinEx ecosystem reflects the overall health and activity of the CoinEx Chain.

CoinEx Chain and Decentralized Exchange (DEX)

In November 2019, CoinEx launched its mainnet, marking the commencement of the CoinEx Chain. This public blockchain was purpose-built for the facilitation of a decentralized exchange (DEX). Unlike traditional exchanges, a DEX operates without a central authority, providing a platform for users to transact cryptocurrencies directly with one another in a transparent and secure way.

Key Features of CoinEx Chain

As a blockchain dedicated to decentralized exchanges, CoinEx Chain introduces groundbreaking features such as on-chain trading and permissionless listing to the world of decentralized finance. Its on-chain trading mechanism ensures a high level of transparency and security, while its permissionless listing allows any project to list their tokens without the need for approval from a central authority.

Conclusion

Since its conception, CoinEx has shown immense potential not just as a token, but as a complete ecosystem for decentralized finance. Between its native token CET and its dedicated blockchain for decentralized trading, CoinEx represents a significant advancement in the realm of cryptocurrency exchanges. As the project continues to evolve and grow, it is expected to further solidify its place at the forefront of decentralized finance.