CoinEx Token (CET) is the native asset of CoinEx Chain, issued on Ethereum ERC 20 protocol and acts as gas for the CoinEx Smart Chain.

Issued in January 2018, CoinEx Token (CET) is a value-added services & privileges scheme based on CoinEx’s business ecosystem. CET is issued on Ethereum ERC 20 protocol and will also act as gas for the CoinEx Smart Chain.The CoinEx Smart Chain (CSC) is a decentralized and highly efficient public chain created by the CoinEx public chain team for decentralized finance. It has the following features: Perfectly compatible with the Ethereum ecosystem: CSC is built based on the Ethereum Virtual Machine (EVM), developers can use mature development tools, and can easily adapt Dapp to CSC, and users can also easily access the CSC network. Extremely high efficiency and low transaction fees: CSC uses the POS consensus protocol to achieve block generation times in seconds, supports extremely high TPS, and maintains low transaction fees. Block producers do not need permission: CSC supports up to 101 block producers, which are sorted and determined according to the number of CET stakes. There is no need for centralized agency review, and the network is more decentralized.