CoinEx Token
Crypto Overview
Purpose and Utility
CoinEx Token (CET) is the native token of the CoinEx cryptocurrency exchange. Its primary purpose is to serve as a utility token within the CoinEx ecosystem, offering users trading fee discounts, participation in platform governance, and access to exclusive features.
Business Model
The token operates as part of CoinEx's exchange business model, which focuses on cryptocurrency trading services. The core functions include reduced trading fees for CET holders, voting rights on platform decisions, and periodic token burns based on exchange profits. These activities align with halal principles as they involve legitimate exchange of assets and clear utility.
Real-World Adoption
CET is actively used within the CoinEx ecosystem, primarily by traders seeking fee discounts and participating in platform governance. The exchange reports regular trading volume and consistent token burns, indicating actual utility implementation.
Platform Development
CoinEx maintains regular platform updates and improvements to their exchange infrastructure. The development team actively maintains and enhances the platform's features and security measures.
Token Distribution
CET has a transparent token distribution model with regular burns that reduce supply over time. The exchange publicly announces burn events and provides verifiable on-chain data for these operations.
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.