In this blog, we show you how to add CoinEx Smart Chain to MetaMask wallet. First, we talk a bit about what CSC is and what it does, etc. If you do not want to read about that and directly want to see how to add CoinEx Smart Chain to MetaMask. You can go down this page and start reading “Getting CSC on MetaMask”.
What is CoinEx Smart Chain
The CoinEx Smart Chain (CSC) was created by the CoinEx public chain team for decentralized finance. The blockchain adds itself as an addition to the EVM compatible blockchains that take the stress away from Ethereum and make the interchain DeFi ecosystem flourish. Besides giving more utility to the crypto exchange its token.
CSC introduces a form of Proof of stake (POS) that allows for 101 validators to operate the blockchain network. These validators are chosen every 200 blocks or about every 10 minutes. Because a block takes 3 seconds to produce. The more tokens a validator has staked the more chance it has to become a validator. Because only the highest 101 stakers can become the CSC’s block producers. Validators do not have to hold all these tokens themselves. Users can stake their tokens to a validator. Giving them a larger stake. Staking your tokens to a validator in CSC thus works like casting a vote.
In this model, users can show their support to a validator they like and participate in the governance of the CSC blockchain.
CSC has its own EVM (Ethereum Virtual Machine) meaning it is fully compatible with all other layers one’s and two’s that run an EVM. Because of this bridging between chains can be done. And assets can move freely between CSC, BSC, Avalanche, Ethereum, and many other blockchains.
More info on their website.
Dapps on CoinEx Smart Chain
CSC is still a relatively new blockchain and has not seen its ecosystem at full potential. Although the network is EVM-compatible, not many projects have been built on it yet. But this could still come. Because of its EVM compatibility, Dapps on other EVM blockchains could simply move over to CoinEx Smart Chain by changing their code a tiny bit.
For now, it is difficult to find Dapps on the chain, especially as it is not yet supported by websites like Dapp radar. 2 projects that did already start on the CSC are OneSwap and XDAO. Both these projects came early to the CSC so they will most likely grow the most along with the growth of the CoinEx Smart Chain.
CoinEx Smart Chain Explorer
As with (almost) any other blockchain, CSC has a block explorer. This CoinEx Smart Chain block explorer shows everyone information about its blockchain. You can find here things like the active addresses and daily transaction volume. But you can also lookup earlier send transactions. So you can see if the transaction went through and to who it went. If something ever goes wrong and you want to see what happened. The block explorer is your go-to tool.
You can also find information about other tokens and NFTs living on the chain. And see how many people hold them and interact with them. Or how many of them exist on the network.
A block explorer basically works as the source of your statistics to the CoinEx Smart Chain.
CoinEx Smart Chain wallet addresses
Just like with all other EVM blockchains CSC supports the same type of Ethereum addresses. Meaning that if you have a wallet like Metamask, you can add this blockchain to it and use the same address on a different EVM blockchain. So if you add CSC to Metamask, but also add Polygon and Celo. You can use the same address on all of them for sending and receiving transactions.
However these transactions use the same address, you can only use them on one of these blockchains. So you can not just send a simple transaction directly from Polygon to CSC.
To send a transaction directly to CSC from Ethereum or any other EVM chain. You will need to use a CoinEx Smart Chain blockchain bridge. Bridges like these let you send transactions between blockchains. And thus send tokens or NFTs from one chain to another. So that you can enjoy the benefits of that blockchain.
How to pay fees on CoinEx Smart Chain
Paying fees on CoinEx Smart Chain, can not be done like on Ethereum with ETH. No, CSC has its own token called CET (CoinEx exchange token). This token is needed to pay transactions on the blockchain network. These transactions a super cheap as the network processes new transactions and blocks very fast.
If you plan on using the CSC you will need these tokens. Even if you bridge other tokens to it. As you can not transact on its network without having any CET to pay transaction fees with.
The main token of CSC is the CET token. This token was originally created as an ERC-20 token by the CoinEx exchange. The token functions as a utility token on their platform that gives traders a discount on fees and access to certain promotions.
The CoinEx exchange token also gets burned and the token out of circulation over time. With the exchange’s team buying back and burning the token with 50% of their trading fee profits. Till the token hits a supply of 3 Billion coins. After that, the team announced that they will use 20% of their trading fee profits to burn all the remaining tokens. This coin burn mechanism will hopefully give lasting value to the token, on top of the value that it receives from being the main token for the CSC.
Wallets that support CoinEx Smart Chain
Because CSC runs an EVM, all other EVM wallets can simply support the blockchain network as well. This means that you can manually add CSC to Metamask or any other EVM wallet. Because of this there already exist many wallets that support CSC. But also some wallets that have pre-added it. So that you do not have to add the wallet yourself.
You can find all these wallets on our wallet finder feature. Here you can go through all the wallets that support it and see users’ reviews.
But with some of the wallets, you will have to add CSC to Metamask manually. You can find the instructions to do this below. So now read below how you get the CSC network on Metamask and start using the CoinEx Smart Chain.
Getting CoinEx Smart Chain on MetaMask
So to add the CoinEx Smart Chain to MetaMask you have to open the MetaMask wallet (In case you don’t have MetaMask yet, please get it on this page).
Once you have MetaMask installed, open it up on the full screen. So you will have the same screen as in our example here.
Now go to the top right of the screen where it says “Ethereum Mainnet” and click on the little arrow pointing down next to it. This opens the network’s tap where you can select all different types of EVM blockchains (Ethereum virtual machine) networks. Now here you can click on the Custom RPC to add a new custom EVM blockchain network of your choice. In this case, the CoinEx Smart Chain.
Now Metamask will ask you for the data needed to connect the wallet to the CoinEx Smart Chain. Please fill in the list below.
Network Name - CoinEx Smart Chain
CoinEx Smart Chain RPC URL - https://mainnet.telos.net/evmCSC
Chain ID - 52
Symbol - CET
Block Explorer URL - https://www.coinex.net
When you have done this, you can just click save. And now you have added the CoinEx Smart Chain to your MetaMask wallet.
If you would like to switch between the EVM blockchains. Simply click on the Network button in the top right of the screen to select another blockchain.
Because adding different types of EVM blockchains works the same, you can add any EVM blockchain in the same way. But instead of the list given in this blog, you replace that with another network’s ChainID, symbol, etc.
We hope this blog post helped you to integrate a new EVM into your MetaMask crypto wallet. So that you can now use CoinEx Smart Chain as much as you want.
Find your wallet here
In case you want to see all the other wallets supporting CoinEx Smart Chain. You can simply take a look here to filter between all wallets that do!
So we hope this article taught you more about how to add CoinEx Smart Chain to MetaMask wallet. But in case you have Questions regarding Crypto or CoinEx Smart Chain? Feel free to ask them on our socials. Because we are happy to help whenever we can!