Exchanges Tokens

[Mealea]

Just like exchange token is attach to the use of exchange, so also every other tokens are also attached to something and if anything should happened to that area, it will also affect the coin but that may not lead to the death of the coin. Exchange token can still survive with or without the exchange itself, it is a matter of adding to it use case.

[1714953506]

1714953506

[1714953506]

1714953506

[1714953506]

1714953506

[Balili]

I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.

All tokens exist for a reason both the exchange and none exchange tokens. Exchange tokens that we should actually fear for should be that lesser value exchanges, I can never blink for Kucoin and Binance tokens

[zaim7413]

All tokens exist for a reason both the exchange and none exchange tokens. Exchange tokens that we should actually fear for should be that lesser value exchanges, I can never blink for Kucoin and Binance tokens

Yes, it's very natural that you can't blink on Kucoin and Binance tokens, because those exchanges are very popular exchanges in the cryptocurrency room, where they always look good to everyone.

[ahmia39]

I agree with your opinion. Also I think when any token exchanges a good exchange, it will develop rapidly.

Yes, that's right and that is also influenced by good support from the exchange and other companies, so that making tokens that are in a good exchange can grow rapidly, it is extraordinary.

[t3m4nc0k]

binance is a large and very powerful exchange of course if they make their own tokens it will be very easy to develop, in contrast to some exchanges that try to do the same thing as binance. Many of them are now dead because they cannot develop

[SUMBI99]

Exchanges tokens are the Token-based on the Exchange  Business strategy that why some exchanges Tokens are not useful outside of their platforms, although some are beyond that level to pure crypto which people may use in storing Value as a key reason of cryptocurrency in providing financial freedom and value preservation.

[Retainly_Collie]

binance is a large and very powerful exchange of course if they make their own tokens it will be very easy to develop, in contrast to some exchanges that try to do the same thing as binance. Many of them are now dead because they cannot develop

Now the bullshit exchanges also try to generate tokens for their exchanges. And of course the prices of those tokens will go to the bottom because nobody buys them. If the token wants to go up, then that exchange must be really good and have a lot of users. In addition, they must have many IEO programs to attract investors

[JeotQ]

After gate.io exchange every other new exchanges are bad, no single one did very well, from Vindax to bcnex and coinsbit, they are all full of bad experience and even cheating, I heard these exchanges have tokens, I will never invest on such tokens from such exchanges

[SolarWindMiningCompany]

After gate.io exchange every other new exchanges are bad, no single one did very well, from Vindax to bcnex and coinsbit, they are all full of bad experience and even cheating, I heard these exchanges have tokens, I will never invest on such tokens from such exchanges

coinbits is the new exchange token now which I am really not certain of its trajectory yet. A friend keeps saying Coinsbit token looks good and with their burn and staking feature, it will keep developing and improving but then that's what Coinex showed us a couple of years back. But coinex token is dead to me. So investing in exchange token required thorough diligence

[Mianae]

Binance current is doing this. The Cartesi listing had BNB pair, USDT and Btc. But I wouldn't know why they had no pair for Eth given this is an erc-20 token there should be a pair for the native blockchain in exchnage.

[H1N1]

Usually cryptocurrency exchanges has their own token, they created for some purposes.
Maybe for listing fee, discount trading fee, etc. It will be good if they burn their token on regular basis, making their token more valuable and avoid the dump price.

[coingecko]

We recently did a run down of exchange tokens performance in the last quarter

[strunberg]

After gate.io exchange every other new exchanges are bad, no single one did very well, from Vindax to bcnex and coinsbit, they are all full of bad experience and even cheating, I heard these exchanges have tokens, I will never invest on such tokens from such exchanges

new exchanges didn't fullfilled as qualified exchanges in crypto market, they just create their own utility token to take their own advantages so if they need money , dumped in market could be they way for it. only few exchanges which is get trust and faith from investors and many others forgoten. bcnex which is hoped could be good exchanges now on they way to exit scamm.

[TheClownSong]

I am holding part of my portfolio in Exchange tokens like OKB, BNB, HT, GT. and i can say that compare to other altcoins, they are much more stable in general. For example when hole market falling by 25% Exchange tokens may lose 15-20%. Thats kind of my  monitoring for the last year.

The price of a native token exchanger in my opinion has the potential to rise if the value of market cap or transactions in the cryptocurrency market continues to increase. Native tochers from large exchangers have greater opportunities because they have a clear roadmap and are usually used as token utilities to reduce transaction fees or participate in IEO

Large exchanges have many users and therefore exchange tokens will always rise high because of the development of such exchanges such as BNB and HT that are successful exchange tokens with high prices and even market capitalists are able to compete with other large altcoins that means their tokens have good plans forward.
There is no need to be afraid of holding their tokens because I have arrived at the bullrun, their tokens will come up by themselves.

Agree, big exchangers have more customers and also have large transaction values. With transactions that are getting bigger, investors will definitely want to get their discount transactions and this can be obtained if the investor has a token exchanger. There is no need to worry excessively if you hold token exchangers such as BNB, HT or OKB because the price will continue to rise

[Maackayon1]

Usage of exchange tokens outside the exchange is mainly to be traded on other exchange with good liquidity. This is the nearest and easiest form of usage it can have. Others are a long journey because there are too many tokens still Fighting for recognition and adoption that are not exchange tokens.

[Doranile432]

Ez365 is the only exchange token I can hold simply because of the team behind this new exchange, the exchange would have launched this month if not for Cov-19 crisis, if you can do good research on new exchanges you will find out which is worth going for

[zaim7413]

Ez365 is the only exchange token I can hold simply because of the team behind this new exchange, the exchange would have launched this month if not for Cov-19 crisis, if you can do good research on new exchanges you will find out which is worth going for

Meaning they (EZ365) delayed the launch of their exchange because of the Cov-19 crisis? if that is true, then they are a very weak team and can be sure that the EZ365 exchange will not progress like the other exchanges, because they prefer to give reasons rather than provide evidence.

[shoreno]

I totally agree on what the op have said . We need tokens that are usefull on both worlds  . So that we can make use of it if not for investment or trade purpose  .

 We can use the coin for other purpose when it's market is still down  . That is the real concept of the cryptos anyway  but not until they found out that cryptos are volatile they then make coins for the purpose of money making only and they already forgot the true meaning of coin creation .

[bp124]

Exchange tokens are very good and I know some of them are not only used on only the exchanges but other places as well. These coins are used as trading pairs on other exchanges so I don't think if the exchanges collapse, the coin will be of no use.

[MuhNofa]

I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.

I think what you're talking about right now is true that there are a lot of exchangers who launch their tokens themselves and I think there are some that are successful and some that still can't be said to be successful and what is very influential there might be the team of the project and the community and the existence promotion and procurement of events such as bounties and airdrops for token marketing are very influential