Listed on BitMax.io, Chinese Public Chain CET Embarks on a New Journey
The People’s Bank of China has launched DCEP, a new encrypted electronic currency system based on blockchain technology, making itself the world’s first central bank to issue digital currency. The news has, upon its release, pushed the two-week “blockchain rush” to a climax. Since it was incorporated into the national development strategy, the blockchain has no longer been cast aside by the people but something sought-after among giants in various fields. According to the data from the Cyberspace Administration of China, there are currently 506 blockchain information service projects in this country, including those backed by such giants as Baidu, Huawei, Alibaba, JD and Tencent as well as many A-shares companies.
Facilitated by such good news these days, the domestic public chains represented by CET and BTM bid farewell to the dim market, and gather the first momentum in the industry.
In the intricate network consisting of exchanges, media, mining pools, wallets, public chains and venture capitals, what pushes the Chinese public chains to be in the spotlight first?
The answer is quite simple. Since the birth of blockchain technology, the public chain has always been its most important infrastructure. As relevant policies become increasingly clear and inclusive, the public chain will definitely serve as a pioneer in developing blockchain.
The first and second generations of public chains, represented by Bitcoin and Ethereum, have been criticized by the industry for such problems as block congestion and poor scalability. Amid these difficulties, the Chinese public chain CET, which is leading the market currently, is likely to make breakthroughs as the ultimate winner for the next generation of public chains.
CoinEx Chain is a public chain created by CoinEx’s professional blockchain underlying R&D team for decentralized exchanges. Committed to becoming the next generation of blockchain-based financial infrastructure, CoinEx Chain will set up a series of projects centering around the public chain, such as sidechains and smart contracts, to support programmable cash and fulfil demands for more application scenarios.
Against the bullish market of Chinese public chain, CET, the original token based on CoinEx Chain’s DEX public chain equipped with the highly acclaimed public-chain technology, has been listed on several major exchanges at home, which is undoubtedly drawing public attention.
After CoinEx, which exchange is going to be the next to list CET?
This question has been the biggest puzzle in the industry for the past week.
Today we will see the result.
On November 5 BitMax.io listed CET (CoinEx Token) under the trading pairs of CET/USDT at 22:00. To celebrate listing of CoinEx Token (CET), BitMax.io will launch Auction & Net-Buy Contest on its official website.
Details are as follows:
Event 1: CET Auction
The event starts from 19:00–20:00 on November 5. Users can bid for 4,000 CET with BTMX, and will win the bid item upon the end of the event. It is learned that a winner will generally receive 50%-100% yields, which means profits of between 50 USDT and 100 USDT for a bid according to the current market price of CET.
Event 2: Net-Buy Contest
During the event, top 50 users ranked by Net Buy Quantity will be eligible to share the reward of 400,000 CET, approximately 11,200 USDT according to the spot market price of CET, proportionally by Net Buy Quantity. All the top 50 users are entitled to the rewards.
The listing on BitMax.io has not only expanded the distribution channels of CET, but also made for more free circulation. More importantly, CET has embarked on a new journey by crushing the stereotype that it’s just a platform-based token. After the launch of CoinEx Chain’s main network, CET will be more than a platform-based token but something of greater value. As the base token of the public chain ecosystem, CET has become a tool or currency, with its value source extending beyond the income of exchanges. To fulfil this ambition, joint efforts with other partners also matter a lot.
