CoinEx (CET) Review: OG Score & Community Audit

You’re not early, you’re exit liquidity for an exchange that lost $53M and plans to print 3x more tokens. A $53M hot wallet hack just five weeks ago and people are still acting like this corpse is breathing. I smell a total disaster here. The daily trading volume is a tragic joke, less than a dead BSC meme coin. The leadership is completely MIA after the breach, leaving a ghost town. You aren't getting in early on some hidden gem; you are literally signing up to be exit liquidity for a zombie exchange. Read the $53M hack due to catastrophic failure of core security: https://www.weex.com/news/detail/coinex-experiences-major-hack-faces-potential-losses-up-to-53-million-315972

Other than the exchange itself, there is no real on-chain liquidity source for trading CET. The token’s valuation sits above $250M, which feels high relative to its market activity. CET is mainly used for trading fee discounts, VIP membership staking, faster withdrawals and access to exclusive promotions. CoinEx allocates 20% of its daily platform fee revenue to repurchase CET, which is then permanently burned at the end of each month to reduce the token supply over time. Because many of CET’s core use cases are tied to the CoinEx ecosystem, evaluating the development and performance of the CoinEx exchange is essential to understanding CET’s potential. Check expert reviews of CoinEx to learn more about the exchange. https://ogaudit.com/exchanges/coinex

this token is 100% dependent on the exchange, if the exchange deosnt do well so deos the token. overall there rally nothing going on. token just there.. as for the exchange its not doing well not alot of people use it . Also, because the exchange doesn't have major government licenses, it could be blocked in some countries. right now this is not a good investment

CoinEx has one clear strength and am convinced on that stand which is it's consistency and survival energy in a brutal exchange market. While many mid-tier exchanges either collapsed or faded into irrelevance, CoinEx has managed to stay operational with a global user base and a relatively stable product. That alone gives it more credibility than most second-tier CEXs. But my most concern is their transparency pattern. Compared to top exchanges, CoinEx still lacks deep, independently verified proof-of-reserves with real time liabilities, which is now becoming the industry standard post FTX incident. For now I will say, a functional ecosystem and steady activity on X, meaning this is not an abandoned or ghost exchange. So DYOR

The deflationary mechanics are genuinely impressive with over 7.3 billion tokens burned through daily fee repurchases. That's real supply reduction, not just promises. Other than being tied to a centralized exchange which means regulatory risks that could limit growth potential, even with CSC's native gas utility, its a green light for me.

CoinEx’s exchange token, offering users fee discounts and staking rewards