How investing in shares/custom tokens of popular exchanges could result in growth of asset value as the exchanges mature and increase their user base & volume.
if you missed KucoinShares this is the opportunity for you!
Now CoinEx, another exchange which came up with very cool interface and very usable experience, takes this a step further with their own token, CET — CoinEx Token.
What is CET?
CET is an abbreviation for CoinEx Token. This is a crypto currency issued by Coinex to its traders based on their trading activity. If you create an account with coinex you will have, among others, a CET wallet where you will be airdropped CET proportionally to how much you trade. So far 200M tokens have been distributed to CET traders proportionally to their trading activity.
Why does CET have any value?
What makes CET valuable is that Coinex shares 80% of its trading revenue with its users proportionally to their CET holdings. In fact, the trading driven mining initiative stipulates that every CET holder receives in his cryptocurrency wallets an amount of crypto that is directly proportional to the fraction of total CET they hold and to the amount of revenue generated on the exchange by the trading activity of each crypto.
Example: User owns 100k CET (~0.047% of the total amount). Your daily payout in btc if the exchange's daily revenue from BTC trading is $20M would be $9400 (1.4 btc). Your daily payout in bch if Coinex's daily revenue from bch is $10M would be $4800 (6.15 bch). Your daily payout in eth if Coinex's daily revenue from eth is $7M would be $3360 (7 eth). And so on for each coin. Your total daily payout would be 1.4 btc + 6.15 bch + 7 eth + .... and so on for all coins listed on Coinex that generate revenue for the exchange.
It follows that as Coinex grows and trading volume increases for each coin the current holders of CET receive bigger and bigger payouts in the listed coins.
Moreover, if you do not touch your payouts but let them accumulate, with time you will also build a crypto portfolio diversified by the market because the % of your payouts in each coin will reflect the popularity/trading volume of that specific coin. If coin A overtakes coin B in trading volume/popularity/adoption, your payouts in coin A will follow suit and be bigger and bigger than the payouts in coin A.
In a sense the conclusion here is obvious, Coinex has managed to create a unique win (exchange) - win (whales) - win (retail traders) incentive scheme that withstands scrutiny from all levels of "wokeness". Contrary to other tokens where, through ICOs, you are asked to buy in and lock yourself in a proprietary network, nobody is selling CET. Coinex traders are airdropped CET based on their trading activity or early support of the exchange. They receive CET on top of their existing crypto portfolio. And then, proportionally to their CET holdings, holders receive payouts in bch, btc and all other coins listed on the exchange.
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