CoinEx Airdrop Station Yields Great Results in Its First Program: 5 Million CET Airdrops Snapped up in Just 60 Hours
On November 8, 2021, CoinEx announced an all-new product — “CoinEx Airdrop Station”, which offers users free crypto airdrops once they complete the quiz after learning project profiles. The new product aims to help more new users acquire crypto knowledge and gain a better understanding of CoinEx’s products and ecosystem. It will also promote the sound development of its business ecosystem. Meanwhile, CoinEx has started a Learn to Earn boom in the crypto community. Taking users back to the knowledge craze driven by the Coinbase Earn Program, CoinEx Airdrop Station will rekindle their passion for learning crypto knowledge.
The first program of the CoinEx Airdrop Station offered time-limited CET airdrops. During the program, qualified CoinEx users could claim a reward of 50 CET after learning and passing the quiz. Additionally, the incredible rewards, 5 million CET in total, had been distributed on a first-come, first-served basis.
Starting at 0:00, November 8, 2021 the CET airdrop program ended at around 12:00, November 23, 2021 when all 5 million CET had been received. With worldwide user passion, the program only lasted 60 hours, during which over 100,000 participants completed the quiz and snapped up all 5 million CET rewards prior to the scheduled date. Although there are no more CET rewards, many users are still learning and answering the quiz. According to CoinEx, this event has attracted a total of 232,875 users until the end.
It is noteworthy that the CET price also set a new high during the airdrop program, reaching 0.1184 USD at 4:00, November 10, 2021. During the same period, the burnt amount of CET also peaked and its circulating supply was further reduced, which has drawn more attention to the token.
Meanwhile, many new CoinEx users who got CET airdrops have discovered the huge potential of the token. According to the value agreement of CET, CoinEx will repurchase CET every day with 50% of its transaction fee income and burn the repurchased CET at end of each calendar month. When the total supply of CET reduces to 3 billion, the exchange will continue to use 20% of its fee income for CET repurchase and burning until CET is completely burned.
As the exchange continues to repurchase and burn CET, coupled with the worldwide user passion for the CET airdrop program, the token has surged by 50% in the past month. In addition to the great success of the CoinEx Airdrop Station’s first program, CET has also presented a remarkable growth record in this Learn to Earn boom.
CoinEx Token (CET) represents a value-added services & privileges scheme based on the business ecosystem of CoinEx. Right now, CET serves as the gas that powers CSC. As a public chain independently built by CoinEx, CSC is based on the PoS consensus protocol, which makes it decentralized and energy-efficient, allowing users to build their own DApps with great convenience.
After receiving the CET airdrop, users could pay transaction fees with CET and enjoy a 30% discount. Moreover, CET holders could also enjoy privileges in many other application scenarios. For instance, users holding CET could obtain VIP membership and enjoy privileges such as withdrawal acceleration, token airdrops, events for new listings, and exclusive customer service, in addition to fees discount.
The CoinEx-exclusive Learn to Earn boom will not end with the CET airdrop. According to informed sources, CoinEx Airdrop Station is planning for the next program, and more trending and high-quality tokens will also be airdropped to more CoinEx users via the Learn to Earn model. Users who missed the incredible CET airdrops could stay updated with CoinEx, keep learning crypto knowledge, and seize the next airdrop reward.