This is a utility token used by the exchange with the same name. Holders of this particular token will earn a percentage of the fees collected by the exchange for operations. That means that whenever a trade is completed if you are holding these tokens you will be paid a dividend.

"From Feb 1st, 2019, CoinEx will RESUME the plan of CET repurchase and burning..."

Repurchase & Burning

"It is expected to launch the testnet in May 2021 and officially launch the CSC mainnet in June 2021."

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CoinEx Token CET

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