At a conference today introducing the elections, Eddie Jiang, CMO of CoinEx, outlined the detailed rules for becoming one of CoinEx Chain’s 42 nodes and the related rewards.
The profits of nodes are mainly from block production rewards and transaction fees. The CoinEx Foundation will offer 350 million CET (CoinEx Token) in total as block production reward.
Next, Hoo.com, RockX, IFWallet, and CETDAC were selected to join CoinEx Chain’s nodes election. The founders of these entities each attended the conference and expressed bullish opinions of CoinEx Chain.
“We strongly recognize the vision of CoinEx Chain and are willing to become nodes and participate in ecosystem building,” Ruixi Wang, founder of Hoo.com said at the conference.
“Currently, the development of public chains faces many problems: performance, expansibility, privacy protection, cross-chain, and so on. CoinEx Chain’s solution is the parallelism of dedicated public chains: DEX Chain, Smart Chain and Privacy Chain, each of which performs its own functions, by cross-chaining for both high performance and flexibility.”
– Jiazhi Jiang, Lead Developer of CoinEx Chain