CoinEx Completes Historic Burn of All 1.08 Billion Locked CET Allocated to the Team

CET’s original quarterly repurchase and burn initiative was launched on July 1, 2018, and was adjusted to daily repurchase and quarterly burn on April 11, 2020. CoinEx repurchases CET in the secondary market with 50% of its daily profits from transaction fees every day, and burns them at the end of each quarter. When the circulating supply of CET reduces to 3 billion, CoinEx will suspend the CET repurchase and burn
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