CoinEx Token
Crypto Overview
Overview
CoinEx Token (CET) is the native token of the CoinEx cryptocurrency exchange, launched in 2019. It functions primarily as a utility token within the CoinEx ecosystem, offering trading fee discounts, platform governance rights, and various benefits to holders.
Intended Utility
The token was designed to serve multiple purposes within the CoinEx exchange ecosystem: reduce trading fees, participate in platform governance, and access exclusive features on the exchange. Users can stake CET to receive trading fee discounts and participate in platform decisions.
Actual Utility Assessment
The token demonstrates genuine utility within the CoinEx exchange ecosystem, with verifiable on-chain data showing active usage for fee reduction and governance. The development team maintains regular updates to the platform and token utilities.
Token Distribution Analysis
Initial token distribution allocated a significant portion to the team and early investors, with vesting schedules in place. The current circulation shows a relatively concentrated holding pattern, though not unusually so for exchange tokens. Regular token burns are implemented to manage supply.
Platform Development
CoinEx maintains active development of their exchange platform and continues to expand token utilities. The focus appears balanced between marketing and actual platform development, with regular technical updates and feature implementations.
Revenue Model
The revenue model is primarily based on exchange trading fees and token utility services, which aligns with Islamic principles as it involves actual service provision and value exchange rather than interest-based income.
Crypto Impact
To assign a comfort level investing in CoinEx Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to CoinEx Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.