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