I think many of us know about Coinex which out of nowhere came out as one of the major exchanges recently. They are backed by viabtc and they have their native token called CET. Millions of CET were distributed to early users and millions of CET are being mined/distributed through their so called trade driven mining. But there is catch on this trade driven mining, many traders who have both large amount of CET and FIAT are using bots to manipulate the price of CET which can easily be detected when we look closely on their order book and order history. Some traders are buying tokens from themselves so that their trading volume can be high enough to mine maximum CET per hour according to trade mining rule in the platform.
Therefore be careful when you are willing to invest in CET with the greed of making good daily return from their investor dividend (0.50% per day right now).
Topic: Coinex CET token traded by Bot, Beware (Read 144 times)
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