Exchanges Tokens

[Pamadar]

Exchanges tokens used to be an exclusive club but after what BNB and KCS did in those mad 2017 pumping days and early 2018 days where the hype was still on, so many exchanges started popping up with their own tokens and some of these exchange's were so half baked that they didn't even survive their first few months of operations, the market became saturated with exchange tokens and people came to realise that being an exchange token doesn't guarantee that it would succeed and no amount of marketing could change that, the exchange has to prove itself now and investors in it's tokens would follow.

The working product will give life to exchange tokens, if the business play well and become successful the token that they are carrying also gain
the same fate, that's what we've seen from the past with how BNB, Houbi and KCS performed those projects reach investors interest and still
getting more players to join the investment features of those projects. Make sure to always find time to investigate if you are planning to support
old and new exchange tokens.

[EdvinZ]

Investing in exchanges tokens can be very profitable. The most outstanding example is BNB, well as the YO token has grown. You can search for young cryptocurrency exchanges with their own tokens and invest some money in them for a long time.  

[freedomgo]

Every Exchange Coins owned such as Binance, Yobit, Kucoin, Huobi and others, they already have the strength of their respective communities that support the development of their coins. Although only listing on their own market, the growth of coins is still good because there are some advantages and low costs when using internal coins for trading costs. The best example of a successful Exchange coin is BNB Binance, BNB is not only on the Exchange Binance, but on other exchanges, this shows that BNB is able to penetrate the external market and can succeed, this is due to the strength of the community and the popularity of the Binance itself.

Thanks to Binance for making their token successful, and now other exchanges are following as they are also seeing the same vision.
It doesn't matter if they will just follow as long as they will deliver a good service to their traders or clients, what we really like to see is a growth on the competition as this would benefit the users like us.

As for now, Binance is really dominating, though not that much but IMO they are leading in the market, but I am also seeing that one day Houbi might compete because they are consistent with their trading volume and that is a good sign that people are trusting them.

[the rise]

promotions that continue to be launched and also the ratio of extraordinary usage to the needs of trading fees, make this coin grow quickly, at the moment I only focus on bnb for daily use, the token burning period also clarifies potential values ​​that will not decrease. Some tokens get less respect because their users are not very active in the market, for example Ten coin, so I think the effectiveness of tokens is always supported by market popularity.

[SanZoldyck]

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 agree with you, if the exchange ends and no longer in operation the token will die, but it seems that binance has planned it by using a new project program like Lending

[fortunecrypto]

I don't think that the tokens from some of the exchanges you mentioned will die. An example is BNB, besides being used on the binance market as a trading pair, BNB is also traded in many markets. Don't you think they now have a strong community in the market ?

Tokens from these exchanges will not go down or die, because they are the top coins in the market, but there are new exchanges that launch their own coins or ICO that are exchange based, so people should watch out if these exchanges do have potential in the market, so they will know if these tokens are worth supporting or not.

[RussiaUkraineTranslation]

Lets get things straight, cryptocurrencies are software that do not "die" unless there is no one actively using/trading and developing them.

Investing in exchange tokens is risky unless they have plans of integrating their token into a DEX or have announced plans to work with a banking partner, imo. I do see more exchanges like Lykke and ecxx releasing their own tokens in the future.

[Gotumoot]

Exchanges tokens make the exchanger even stronger! Therefore, I do not agree that these coins die. Because coins like BNB coins, Yocoin and other "exchange tokens" have the same functionality as IEOs that are now extremely successful especially with Binance.

[LargoCoin Foundation]

Exchange tokens are generally as scammy as most ICO coins. It is just another way to screw over the audience. BNB is somewhat a better example, but still if you think of the business practices employeb by Binance it becomes obvious that they oppose the decentralized blockchain way. They are just doing business, centralized business for the benefit of the few at the expense of many.

[red4slash]

Exchanges tokens make the exchanger even stronger! Therefore, I do not agree that these coins die. Because coins like BNB coins, Yocoin and other "exchange tokens" have the same functionality as IEOs that are now extremely successful especially with Binance.

because the real platform makes exchange tokens more potential, because of their usefulness in the exchange. and for binance it has a lot of popularity and has a good effect on BNB tokens, I think the exchange tokens have a good future as long as the exchange has many users

[gurunanakji777]

We all know BNB is doing great but it is not necessary that exchanges own currency will always be successful. Apart from this if exchanges own coin has a big community to support there would be chances of success of coin otherwise a coin can not sustain on a single exchange for the long term in my opinion even I got some exchanges coin through bounties but all are worth just pennies.

[Ifezanku]

But still the most easiest application for exchange token is for it to power the operation of the platform like using it to pay transactions fees and some activities within the platform. Yes, finding use cases for it outside the exchange is quite OK but I don't think it's that easy to do

[Byakuga]

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.

If you want to invest in exchange tokens its safer to go with top exchanges, the next target on my list now is huobi token, the dangerous tokens are from new exchanges, they can easily fail at all time

[X-ray]

But still the most easiest application for exchange token is for it to power the operation of the platform like using it to pay transactions fees and some activities within the platform. Yes, finding use cases for it outside the exchange is quite OK but I don't think it's that easy to do

Using such token for just paying transaction fee isnt that will only make it even more complicated for their users against their user experience and that is not a good news. Usually these token only function for fee discount there are some coild being held in the exchange account and nothing more than that. Mayne it is used for IEO but thats it. I couldnt see anymore benefit regarding this exchange coin. These exchange coin exist simply for money grab anyway.

[bitLeap]

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.

If you want to invest in exchange tokens its safer to go with top exchanges, the next target on my list now is huobi token, the dangerous tokens are from new exchanges, they can easily fail at all time

well safer if you want to invest in BT, if you are in doubt with other coins, and the good news is that the owner of the BNB company has predicted the BTC will reach $ 19,000

[cryptoangel]

But still the most easiest application for exchange token is for it to power the operation of the platform like using it to pay transactions fees and some activities within the platform. Yes, finding use cases for it outside the exchange is quite OK but I don't think it's that easy to do

Some tokens are huge volume and less transaction fees because of big investors support. Nowadays every investors are active on trusted tokens we don't predict the future growth because of sudden spike. We are all see number of profitable tokens and peoples are mostly concentrate top 10 altcoins so easiest tokens also stay in a same ratio on this current traffic.

[livingfree]

They mainly focus with their exchange so that's why they can't promote the usage of their token outside its premises. But I've seen one successful exchange token that's also being asked by people when it comes to payment.

And that successful token I'm talking about is none other than, BNB. It would be hard for other exchanges token to have the same success as BNB has.

[jets567]

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.

I bet that the exchange owners already know this as well which is why they are establishing other use case for their native token outside to platform so if ever the exchange go sideways then the coin will still remain on the market as long as they are demand and use of it but I'm pretty sure that the price will be affected once the exchange shut down.

[HammadAli]

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.

If you want to invest in exchange tokens its safer to go with top exchanges, the next target on my list now is huobi token, the dangerous tokens are from new exchanges, they can easily fail at all time

well safer if you want to invest in BT, if you are in doubt with other coins, and the good news is that the owner of the BNB company has predicted the BTC will reach $ 19,000

Mate by just quoting nothing happens. CEO of Binance is not a standard as he has said it now it will happen. Extra ordinary claims should be backed by Extraordinary proofs.

[dainoran]

in my opinion it all depends on the project strategy, where they still get the trust of investors. there are also some tokens that have strong enough communities in several markets that still survive.