The chance to buy (the new) Binance Coin ($BNB) at 0.06 cents! Passive Income!
Hello All!
If you could go back in time and buy Binance coin at a ridiculously low price would you take that chance? Sure you would! We all would. Well here's your second chance....kind of!
Today i had to write this post about something i have put a little money into lately. It almost seems too good to be true, however i always like to do my due diligence on any investment, and from what i can see there are no red flags, but rather a genius Ecosystem that is built around this coin.
So what am i talking about you ask? The answer is...
You may or may not have heard of this exchange, i had heard of it but knew very little about it- or its native coin $CET.
Firstly, who are CoinEx?
They were founded in December 2017 and have been quietly going about their business making sure they were catering to multiple languages and making their presence felt in over 100 countries who now can use their services. Taking them from a pretty much unknown player, to a rapidly expanding exchange with an easy to use interface and a very clever native token. They use Bitcoin Cash (BCH) as their primary trading pair oddly enough, however there are all of the usual trading pairs that we have come to expect across other exchanges.
I could write more about CoinEx's beginnings and who has an interest in them, but trust me they are legit and well and truly backed financially. Feel free to have a look for yourself, as i am not going to keep you in suspense any longer and skip to the juicy part! :-)
CET token and its many benefits.
No one told me anything about this exchange, it was purely through my own research and my own digging as to what it was they offered. When i delved a little deeper i instantly loved the look of CET.
CET is the native token to this exchange and it has many purposes, first of which it PAYS DIVIDENDS daily to all CET holders who hold 100 or more tokens which makes it a great buy (in my opinion) and i have no doubt that this token/coin will rise significantly in value in the future because of a monthly coin burn where like binance/kucoin etc, Coinex buys a large chunk of the coins that are distributed- and burns them! This now happens EVERY MONTH (used to be every quarter). You don't need me to tell you what this means but i'm going to anyway...less supply- higher price, higher dividend returns.
Now to trial this, i bought a little over 1000 tokens, the reason for this is another clever little use of the CET token. If your account is KYC verified and you hold 1000 or more tokens, you are then enabled to vote on which coins are added to the platform. There are LOTS of coins/projects vying to get listed because:
A) Its free
B) They have rising trading volume day on day
C) The project also receives CET from this (which again keeps it in demand!)
So how does that benefit YOU?.
If you have a look at the coins that are wanting to get listed on there, most of them are offering compensation to any verified user who votes on Coinex to get their coin listed- think of it as a free airdrop! All it will cost you is ONE token. If you have over 1000 of these you will generate that spent token in 2-3 days from your dividends, so its literally costing you nothing other than your time.
Dividend Payments
I briefly touched upon dividend payments a moment ago, so i will explain in more detail about what/ how this works.
If you are a CET holder, you are paid a daily dividend of 80% of the days fees that are generated from trades on the platform which are proportionate to your CET holdings. As i already explained, i don't hold a lot of this as i have simply been testing this so far, but this is a picture of what has been generated thus far:
Its not a lot, but its not even been 2 days and this is just for holding a coin that is rising in value! For me its a no brainer, particularly at the moment when lots of alt-coins are bleeding out, its refreshing to see one almost permanently 'in the green'. You do receive the amounts shown here, however in the top right hand corner you will notice that it shows just as BCH and that is because BCH is Coinex primary trading pair.
Trade Driven mining
If you own 10,000 or more CET you can then enter into something called Trade driven mining, I don't want to elaborate on this too much as (unfortunately for me!) I havent got 10,000 coins as of yet. What i do know, is that it is yet another stream of income and from what iv'e read it looks awesome! I will give an update to this as and when i hit that 10k milestone!
Fee Deductions
Like BNB, Kucoin etc, there are advantages when trading too. You can get 50% off your trading fees simply by holding this coin then activating the 'button' on your dashboard. Yet another great use case for this coin.
So there you have it, a great coin with multiple use cases and passive Income!
I'd massively appreciate you using my affiliate link for this, you don't get a lot from it but every little helps as they say!
Join here: https://www.coinex.com/account/signup?refer_code=u9swd
Thanks for reading guys! follow me and i will follow you straight back!
At the time of writing this 1 CET = $0.06