Bitcoin Forum

On April 11, 2020 CoinEx launched a Repurchase & Burning System and also re-amended the policy as well.

CoinEx uses 50% of the profits they make from transaction fees to buyback-and-burn CET tokens on daily repurchase and burn them quarterly, reducing the overall circulating CET token supply.


CoinEx is a transparent platform all the process can be view through this link
www.coinex.com/token


EFFECTS OF BUYBACK AND BURN

CoinEx Buyback-and-burn programs will support long term price stability and value growth of CET token

Repurchases are great news for investors because the price of CET  token will rise due to limit supply and availability of CET token

CET token supply will reduce and thus its price will increase in the market

This Buyback-and-burn will increase the market  liquidity of CET token because the demand for trading of CET on exchanges will be higher.

This Buyback-and-burn incentivizes long-term growth investors to HODL the CET token, which will further add to the price stability of the CET token.


If you are looking for a token that will yield you profit in the future, I will recommend you to buy CET token for now. It is an exchange token and the exchange is functioning effectively.
Check it out here: https://www.coinex.com/

This is not a financial advise, but by considering all this type of program coming from CoinEx, CET has the potential to booooooom

CET is exchange token and every good exchange like Binance, Okex, Kucoin etc have there own coins and these all are in a stable position as a time to time they announce some incentives to the holders in term of low fee, buyback and burning the token it directly affect on the token price. Now Coinex is also doing good to stabilize its own token.

There are a lot of this kind of tokens/coins, would you buy all that? I don't see a reason to buy the shit. 24 hours volume is around $256 million and who knows how much of them are fake. Moreover, liquidity is also too low which ensure about the fake volume. I would rather stay away.

Not necessarily you buy all
But always go with tokens that has potential
You don't judge a token based on 24 hours volume; perhaps a token that has a trading volume of $256 millions within 24 is compensable.

Hey Buddy!
Looks at the future
Don't be carried away with what you see now.
BTC was $0.009 back then with less than $100 trading volumes; but today, you know the story yourself.

CET has a lot of potential to be among the top token in due time

This is just a small exchange in this market. You can't compare it to top exchanges like Binance, OKex, Huobi ... And I never invest in these exchanges because it's so dangerous, if you want to make a profit with tokens of Exchange, you should choose the best exchanges to invest

Mr OP!
Thank you for sharing this with us,
I discover the price is not that high now
I think this is the best time to accumulate the token

It is very wrong to say CoinEx is a small exchange,
CoinEx is currently sitting 47th on CMC
No users has ever lost his funds on CoinEx
The exchange Security standard is a top notch.

However, in whatever you believe, hear this
CoinEx is a top exchange offering a top notch services.

How will you accuse an exchange to be dangerous meanwhile you have not use the exchange before just as you claim. Please try the exchange for once and come and share your experience here.

This article is insightful. I have heard about CoinEx but never traded there as I use to think it's a small exchange. I just went through the exchange. It is cool enough of liquidity. Looking into trading on Coinex.

Give it a try ok
CoinEx exchange is just too good for trading of cryptocurrency
Transaction is fast and the exchange is more secured.

You can create an account here: coinex.com/

each exchange has its own coins / tokens such as binance, okex coinex, huobi and others
they have their own way to increase the price of tokens with the latest innovations. in my opinion Binance and Coinex are amazing for us to invest there

I knew few projects that already did buy backs and burn tokens too but guess what? The aren't doing fine at all, for these two features to have effect on a token or coin the project must have good use case already, if not it won't bring any changes

Why do users who hear about burning immediately see a huge potential increase in the price of the coin in the future?I believe in the first place there should be a demand for coins and the real product and the burning process itself is secondary.

Burning didn't mean huge growth, most projects that have burning features are bad, burning, deflation, etc are just simple tricks to limit supply and add value to coins only if there is high demand for the coin

There are many tokens of exchanges that work this way, If I want to hold such a token I will choose the KCS of Kucoin exchange, Kucoin is a very effective exchange recently.

This is shilling. This coin sent my crypto asset to zero and threw me into debt, and the CEO was missing in action. Then I even locked my coin and most of us did. To return back to wilderness is a no go operation. Research how this coin created chaos for its investors, I was even booted out of the telegram chat group.

You have your point
I just make my point known
We shall all see the outcome
Am more convinced that CoinEx token (CET) will yield positive outcome in time to come

There is always a difficult era for every project,
We know that there is a time CET drop value, but it pick up again. Even BTC has dipped from $20k back to $3.5k

What am talking about is future
CoinEx Exchange has resurrected
Those that will yield to my advice now will smile at the end.

I understand this feeling because he's telling the truth. Many of the altcoins before did the same, popular or not and guess what happened next? Almost nothing.
The beginning effect is for real but it's hard to predict what's next for them. It's an exchange token so there must be a benefit just like BNB but it's not the same what it offers.

There is nothing wrong if you have a view or research function that can benefit others.
But there is nothing like a must (force or stress) when it comes to investing in crypto currency.

Using the word must, will drive away potential investors from your thread, next time, just use a simple header such as WHAT YOU CAN GET INVESTING IN COINEX TOKEN OR SIGNIFICANCE OF CET TOKEN

Make it simple, make your points and help us digest it without any biasness.
Always do your own research

Thanks

Daily Repurchase is another huge development
Considering the CoinEx daily volume, 50% of the gain they usually make is huge.
So using this large 50% gain to repurchase CEX token daily is a signal that the token will easily reduce and the value will go up quick.
I will keep eyes on the token

Agree but there are people still naive and think burning is some sort of magical switch that helps coin skyrock, booming,... I think most coin that has to burning is just like you said, already in a bad state and I doubt by burning would do.

When I preached about CoinEx token (CET), many are doubting it here.
Can you go to the chart and see booming?

https://imgur.com/gallery/cnqOFza

Wow!
The price has increased
I think it is still early to join the trend

The buyback is daily
So expect the price to keep booming