CoinEx Chain Mainnet Goes Live Alongside New CoinEx DEX

CoinEx Chain Mainnet Goes Live Alongside New CoinEx DEX

CoinEx’s own native chain, the CoinEx Chain officially went live yesterday afternoon.

The launch of the mainnet was 7 months in the making but it is now up and running, following a series of tests and a tour of Asia. During these tours, they spread the word of their native public chain and simultaneously attempted to attract new recruits who would be willing to work alongside them in the new prospects it offers them and their community at large.  

CoinEx first expressed “gratitude to all systems developers, community members, participants and supporters”, before detailing in more detail these prospects the CoinEx Chain will enable in the future, which we will discuss briefly here. The biggest change that the other new developments will complement is the launch of the CoinEx DEX.

CoinEx  DEX

First and foremost, CoinEx’s own decentralised exchange, the CoinEx DEX has gone live for traders. Bragging extremely high TPS and security, it promises to “perfectly solve the problem of scalability, decentralization and security by building an ecosystem with three chains in it.”

Users are also invited to participate in the construction of the ecosystem, which should help create a safer, more streamlined and efficient decentralised exchange. However, there are more elements to consider that the new CoinEx Chain will bring about, some of which directly to the DEX.

CET Will Become the Native Token of CoinEx Chain

The first thing that will come about from the launch of the mainnet is the transformation of CoinEx’s native token, CET. Previously an exchange-based token, this will now become the native token for CoinEx Chain, serving as the base currency for the entire ecosystem of the chain, as well as being set to obtain richer application scenarios and higher levels of empowerment.

The first steps towards CET receiving an upgrade and the withdrawal of ERC20 CET and the deposit of CET now will be available. CET holders are able to conduct mainnet mapping, aka tokens swaps, via deposits and withdrawals. As such, being a CET holder is looking like a more viable option than ever before.

CoinEx Chain Nodes Election officially launched

With the launch of the CoinEx Chain, node elections will now happen. Any participating nodes in the CoinEx chain will need to withdraw CET, via either CoinEx or CoinEx DEX, and then be used to complete a transaction. The upshot of this will be that it will become a validator on the system.

In order to partake in staking, aka voting, users will need to withdraw their CET to an app or wallet that support staking in order to vote or trade. Examples of such wallets where this staking option will be available is ViaWallet, IFWallet, CoinEx DEX Wallet, to name just a few. Those really looking to immerse themselves in the new dawn, should look to getting hold of one of these.

Token Issuance Quicker and Without a smart contract

The third and final change that comes with the new CoinEx Chain and in turn, the new CoinEx DEX, is the fact that issuing tokens on the CoinEx DEX can now be completed much easier and faster.

With users now only needing to fill in a few parameters and easily create a trading pair for the token. With the process able to be completed over just a few steps and without the need for a smart contract.

Head over to CoinEx to find out how to get directly involved or to speak to their customer support team if you have any questions or you need help with the new mapping process!

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Meanwhile, we invite you to check out other Bitcoin casinos from our […]

12 August, 2021

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021