CoinX Founder Acquires CET at First Listing Price

CoinX founder has stated that the security and regulatory compliance risks associated with operating a cryptocurrency exchange are becoming increasingly difficult to manage, according to BlockBeats (The BlockBeats). The founder announced plans to purchase CoinX Token (CET) at its initial listing price. BlockBeats reported that the founder highlighted risks related to centralized exchange (CEX) operations when presenting this strategy.

According to CoinX's official guidelines, the exchange utilizes a portion of transaction fee revenue to buy CET tokens and regularly burns the acquired tokens as part of its policy.