CoinEx | A Full Introduction to CET: A Dark Horse in the Field of Public Chain Tokens

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Public chain ecosystems saw exponential growth in 2021. As the multi-chain world flourished, public chain tokens have also thrived. For example, SOL once set many new records. In 2021, CET had recorded strong performance while competing with its rivals. Moreover, thanks to its superior track record, CET became one of the most-watched public chain tokens among crypto investors in the latter half of 2021.

According to the CoinEx website, $5.78 million worth of CET had been burned during October 2021, and $440,000 worth of CET was burned on October 28 alone. The massive scale of repurchasing and burning, as well as the staggering price growth, put CET back on the radar of crypto investors.

Issued in January 2018 based on the ERC-20 standard, CoinEx Token (CET) represents a value-added services & privileges scheme based on the business ecosystem of CoinEx. CET has now been migrated to the independently built CoinEx Smart Chain (CSC) as its gas. In this sense, CET functions as the platform-based token of CoinEx, as well as the CSC’s public chain token. Many factors can explain the extensive recognition CET has gained amidst the cutthroat competition among public chain tokens during 2021. This article will focus on the birth and development of CET.

CET was created by CoinEx, a world-renowned crypto trading platform established in December 2017 that aims to make crypto trading easier. CoinEx now features crypto trading services that include spot trading, futures, margin trading, AMM, mining, financial services, and CoinEx Dock. In 2018, CET was issued based on ERC-20. After the CSC mainnet went live in 2021, CET was migrated to