Exchange Token Discussion; Open Exchange Token(OX) Listing

[VicManton]

Another exchange Open Exchange has launched its native token $OX and its vision is to create a new standard for a radically transparent and accessible financial world.

It is a normal thing for an exchange to create its own native token in contribution to the crypto market in general in a bid to solve problems and create utility. Native tokens of various exchanges do get listed on other exchanges as well, just like BNB and BGB tokens.

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

[electronicash]

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

the newer exchanges from 2018 to the very recent, most of the exchanges are launching native tokens. it makes it easy to acquire loyal users when there are native tokens because they are sharing revenue with holders of their tokens. i think it was the DEX that first had this concept and then the rest followed even BNB was late to release.

which of them are you currently holding?

I have some UNI, it was airdropped though means many of the users here once held this token.

[batang_bitcoin]

I guess that we're going to get new standards from every exchange making their new tokens. That's how it goes whenever an exchange launches and eventually, a follow up launch of their token will also be submitted and done. While many of these fails, they still keep it on their own platforms for the sake of benefits while holding it. We don't need more of these "new standards".

[Iamcrypticguy]

Another exchange Open Exchange has launched its native token $OX and its vision is to create a new standard for a radically transparent and accessible financial world.

It is a normal thing for an exchange to create its own native token in contribution to the crypto market in general in a bid to solve problems and create utility. Native tokens of various exchanges do get listed on other exchanges as well, just like BNB and BGB tokens.

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

Just heard about OX, and upon further investigation, I found it's relatively new and a low-capped alt. Yes, I hold BNB, UNI, and even BGB. Maybe I'll explore holding OX if it ticks the boxes for me

[VicManton]

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

the newer exchanges from 2018 to the very recent, most of the exchanges are launching native tokens. it makes it easy to acquire loyal users when there are native tokens because they are sharing revenue with holders of their tokens. i think it was the DEX that first had this concept and then the rest followed even BNB was late to release.

which of them are you currently holding?

I have some UNI, it was airdropped though means many of the users here once held this token.

That's true there mate, I saw the buzz back then but couldn't get some early and DEX gas fee made me kept coming to CEX because of frequent trades.

For exchange tokens, I'd rather go for tokens frequently used by traders such as BNB and BGG tokens. I observed BGB do well a lot at Launchpads, especially because a lot of people commit it to earn aidrops.

[electronicash]

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

the newer exchanges from 2018 to the very recent, most of the exchanges are launching native tokens. it makes it easy to acquire loyal users when there are native tokens because they are sharing revenue with holders of their tokens. i think it was the DEX that first had this concept and then the rest followed even BNB was late to release.

which of them are you currently holding?

I have some UNI, it was airdropped though means many of the users here once held this token.

That's true there mate, I saw the buzz back then but couldn't get some early and DEX gas fee made me kept coming to CEX because of frequent trades.

For exchange tokens, I'd rather go for tokens frequently used by traders such as BNB and BGG tokens. I observed BGB do well a lot at Launchpads, especially because a lot of people commit it to earn aidrops.

i look at Bitget (BGB), it sure did a good rise even in the bear market. it started in 2021 i guess as i see in the chart and it's already going up without stopping that its now at the top 77 of CMC. this is a good exchange. i recently learned about it because there was a new token just being launched that was only listed in Bitget such as the TonUp token.  it wouldn't be surprising to see it more than $3 in the 2024 bull run.

[VicManton]

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

the newer exchanges from 2018 to the very recent, most of the exchanges are launching native tokens. it makes it easy to acquire loyal users when there are native tokens because they are sharing revenue with holders of their tokens. i think it was the DEX that first had this concept and then the rest followed even BNB was late to release.

which of them are you currently holding?

I have some UNI, it was airdropped though means many of the users here once held this token.

That's true there mate, I saw the buzz back then but couldn't get some early and DEX gas fee made me kept coming to CEX because of frequent trades.

For exchange tokens, I'd rather go for tokens frequently used by traders such as BNB and BGG tokens. I observed BGB do well a lot at Launchpads, especially because a lot of people commit it to earn aidrops.

i look at Bitget (BGB), it sure did a good rise even in the bear market. it started in 2021 i guess as i see in the chart and it's already going up without stopping that its now at the top 77 of CMC. this is a good exchange. i recently learned about it because there was a new token just being launched that was only listed in Bitget such as the TonUp token.  it wouldn't be surprising to see it more than $3 in the 2024 bull run.

Definitely mate that's my point. What gave BGB its strength was how the platform has put it to a good use, as seen in the various Launchpads and Launchpool events where for anyone to participate they need to hold BGB. I'm usually on the look for such prosperous events as they make the token fly. An example of such is the T2T2 Launchpad amongst several others, I guess we need more of such.

[wallet4bitcoin]

Exchange tokens have now become a thing in the blockchain industry. The performance of the exchange also gives value in diverse ways to the token valuation. Most excahanges even took it a step further by creating their own chains as a ways of garnering more profit and enhancing tech adoption.

The current wave of exchange token is gradually becoming less weighty as its the same old use case which is now becoming out of style, we await the release of a new idea and drive towards exchange tokens to revive its use and value

[Husires]

In the past, exchanges were launching native tokens because they wanted to reduce transaction fees for users. By using that token, you will reduce the fees that you pay in exchange for indirect support for the exchange, as they print those tokens for free, while your use of them gains them value, but now they have become tokens are traded or bought and sold for the purpose of investment, which is completely wrong.

Do not treat these tokens as a long-term investment or something that can be kept and will gain value in the future.

[Best-mary]

I believe native tokens are not different from other altcoins, which means for every usecase provided for exchange tokens, there's an increase in value for it. Now which native token is your favourite and why have you chosen it?

the newer exchanges from 2018 to the very recent, most of the exchanges are launching native tokens. it makes it easy to acquire loyal users when there are native tokens because they are sharing revenue with holders of their tokens. i think it was the DEX that first had this concept and then the rest followed even BNB was late to release.

which of them are you currently holding?

I have some UNI, it was airdropped though means many of the users here once held this token.

What you said is true and mostly, their native token only seems to do well if they're actually committed to growing their users. You users first. I just talked about how BGB is now gaining traction and I believe there other good exchanges out there that are doing the same.

Indeed there are so many benefits to holding an exchange native token like the low fees and other benefits that come with it

[vs2014]

Are there platforms or exchanges that accept adding projects and tokens without additional fees? Please tell me about them

In fact you will need to pay fees from your bag for all deposit or withdrawal. However the fee is deducted from your personal wallet while depositing like trust wallet. On the other hand fees are deducted from the exchange while withdrawing money but you can complete the withdrawal with low fees like using trx network. In fact no exchange platform will give you service for free and any small or big fees will be determined there.