For the CET distribution plan that everyone cares about, we decided to lock the remaining CET of the airdrop after strict and cautious discussion, and the EOS in the corresponding fund pool will continue to be used for repurchasing CET. Each user can check the number and status of CET in the address.
Details of repurchase mechanism of CET are as below :
Chaince Blockchain International AG has airdropped CET tokens to all circulating EOS holders at a ratio 1:1 according to EOS genesis snapshot. Each EOS mainnet address received up to 500,000 airdropped CET tokens. There is no lock-up period for the airdropped CET tokens and the holders can transfer them freely.
- 284,269,674 CET tokens have been distributed
- the remaining 615,730,326 CET tokens (approximately 30.79% of the total amount) have been reserved due to the restriction of maximum amount of airdrops for a single EOS mainnet address.
- Chaince Blockchain International AG has transferred the 615,730,326 CET tokens to an overt EOS account “cetunderlock” and are permanently locked.
Corresponding EOS transaction fee revenue in fund pool of these CET tokens will be used to repurchase CET tokens by CET/EOS trading on Chaince monthly.
All repurchased CET tokens will also be transferred to "cetunderlock” and will be permanently locked.
Introduction of CET:
Chaince Blockchain International AG, a Swiss company, has issued Chaince Tokens (CET) based on the EOS main net for a total amount of 2 billion.
Chaince Token is not a proof of ownership of the trading platform or a security of any kind. Chaince does not endorse its market value. Chaince Token strictly uses a publicly offered distribution that does not involve ICO, private equity, institutional sales, token sales or any form of bundled sales.
The 50% one-way EOS transaction fees on the Chaince transaction platform (i.e. the EOS transaction fees deducted from the platform when users sell other blockchain assets and buy EOS) will be perpetually injected into a public address (cetinterests) weekly. Each CET token represents one 2 billionths of the EOS tokens in the public address. The trading platform will also provide transaction services of trading pairs between CET tokens and other blockchain assets.
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