CoinEx launches CoinEx Smart Chain mainnet

On June 30, the CoinEx Smart Chain mainnet (CSC) went live. This was announced on the CoinEx exchange’s website via CoinEx.

The CoinEx Smart Chain runs on a Proof-of-Stake consensus protocol. The blockchain focuses on the DeFi sector and is compatible with the Ethereum Virtual Machine. The network’s native token CET is supported by ViaWallet and MetaMask wallets.

CSC’s throughput reaches 600 TPS with a block time of 3 seconds. The CoinEx Smart Chain validator pool includes up to 101 participants. Users can delegate tokens to them to earn a share of the rewards.

In early June, CoinEx Smart Chain created a seed fund of $10 million to develop the dapps ecosystem. The project will award up to $100,000 to developers who create or port applications to CSC. The best projects will have the right to list their tokens on CoinEx.

“To build the DeFi infrastructure on CSC, we must formulate incentives and ecosystem policy. Then — assist new projects in developing concepts, launching and growth. We do not want to blindly support migrating applications from Ethereum, chase higher network capitalization, or copy solutions from other ecosystems,” said Haipo Yang, founder of CoinEx.

CSC is part of the ViaBTC Group ecosystem, which also includes the exchange CoinEx, the ViaBTC mining pool and the ViaWallet wallet.

Last week ForkLog published an interview with CoinEx founder Haipo Yang. He spoke about the crypto-winter, the market’s future and expansion into Russia. 

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news, infographics and opinions.