I thought this is the CET which stands for Cestates that I knew and was introduced by my friend.
What are your thoughts, do you guys think this is feasible?
I don't have CET but during this type of event when they are burning coin, this is their last resort to make the supply lesser and increase their demand.
You'll see it later what will be the result of this act, the coins that I've seen that burned their tokens didn't have much hype at all.