Exchanges Tokens

[volporg]

No doubt. By the way, have you heard something about Binance Community Listing Program? Cause in my opinion, idea is new and attractive, kinda win-win for everyone

Nope, I haven't. What is the program about? Can you bring a bit more details on it? Or where can I have a closer look?

[1714056551]

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[1714056551]

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[Govorrrue]

Nope, I haven't. What is the program about? Can you bring a bit more details on it? Or where can I have a closer look?

In here main point is in letting community to choose the most advanced and promising tokens from Binance DEX that will be listed on Binance. Of course, there are requirements that must be met, for example, trading volume. And I definitely recommend you to have a look at Verasity (VRA token) that is in very high demand these days with huge prospects of being listed on Binance. What I really love about solution - fully working platform with more than 700k active users, very experienced team and bold plans. So have a look

[volporg]

In here main point is in letting community to choose the most advanced and promising tokens from Binance DEX that will be listed on Binance. Of course, there are requirements that must be met, for example, trading volume. And I definitely recommend you to have a look at Verasity (VRA token) that is in very high demand these days with huge prospects of being listed on Binance. What I really love about solution - fully working platform with more than 700k active users, very experienced team and bold plans. So have a look

Sounds more than impressing so far, will definitely have a closer look shortly and get back with own thoughts afterwards. Thank you very much for your recommendation!

[Tcode53]

Of course Native exchange tokens have become a fairly widespread way for exchanges to fund their development. By creating native tokens and selling them to traders, exchanges have been able to raise capital to commence or enhance operations.

[Nguyenthanh2391]

almost every exchange has their own token, maybe one or more tokens. tokens can be good opportunities for many people who may well be to pay certain fees. should take advantage of it.

[superstrength]

We should exchange the tokens much. It will be very difficult for the transactions to be completed well. Must try.

[nikki4]

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.

In bear market all new idea is for exchange. Exchange is easy to build up and manage is also easy but good profits. But exchange token has no value if exchange has low volume. Decentralized exchange idex tokeno value was 6500$ that time supply was only 2k but now is very low.

[Patrix_1]

Without any doubts, exchange tokens are representing a raising trend, but to be honest, I do not believe that any exchange token will get to Binance level. Those guys are far too good and do not have real competitors at all.

[Vishnu.Reang]

Without any doubts, exchange tokens are representing a raising trend, but to be honest, I do not believe that any exchange token will get to Binance level. Those guys are far too good and do not have real competitors at all.

Even the existing exchange tokens such as the Binance Coin and the Huobi Token looks overpriced for me. For example, the market capitalization of the Binance Coin is several dozen times its annual profits. Here the investors are assuming that the operating profits for Binance will increase sharply year after year. And there is a good chance that their expectations may not realize.

[Latines]

There is an exchange on which, if you leave coins from their exchange, then after 24 hours you will be credited with coins. So there is encouragement. You just need to know them.

[Ducky1]

A coin can only be purchased on a specific exchange, thereby the exchange itself draws the attention of users to its coin. All the more so for exchanges like binance it will be difficult to shut down.

[dataispower]

A coin can only be purchased on a specific exchange, thereby the exchange itself draws the attention of users to its coin. All the more so for exchanges like binance it will be difficult to shut down.

OP's point is that if the exchange  shuts down, the exchange token will be useless. Nowadays some exchange tokens have gone beyond using it only within the exchange platform for various fees or as base pair. For example KCS can be used in playing games on PLAYGAME. A clear example is IDAX token, obviously it will be useless if IDAX is gone for real since aside the exchange use, it doesn't have another use case.

[dnsokoljuk]

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.

Too many exchanges with own tokens. They should create something like Binance coin - own blockchain or something else. It will give a new life for echange coins.

[govorrue]

From my point of view, exchanges sharply helps with choosing the most appropriated and advanced tokens. Being listed on leading exchanges means being verified by more components and parameters. Cause this is basically what leading exchanges always do

[volport]

From my point of view, exchanges sharply helps with choosing the most appropriated and advanced tokens. Being listed on leading exchanges means being verified by more components and parameters. Cause this is basically what leading exchanges always do

This is true, cause basically exchanges just give you more info on all the solutions. You can follow the trading volume, objective marks, trends. But anyway, I would say that own analysis makes much sense these days. And this is an absolutely necessary step

[govorrue]

This is true, cause basically exchanges just give you more info on all the solutions. You can follow the trading volume, objective marks, trends. But anyway, I would say that own analysis makes much sense these days. And this is an absolutely necessary step

Agree with you, especially on importance of own analysis. By the way, have you heard of Binance Community Listing Program? Cause from my point of view, also a very interesting approach these days. Basically, the main sense is letting community to choose the most promising and in demand tokens from Binance DEX that will be listed on Binance afterwards

[volport]

Agree with you, especially on importance of own analysis. By the way, have you heard of Binance Community Listing Program? Cause from my point of view, also a very interesting approach these days. Basically, the main sense is letting community to choose the most promising and in demand tokens from Binance DEX that will be listed on Binance afterwards

Hmm, sounds interesting, but I haven't heard of such a program before. And are there any requirements that must be met from Binance side? And are there any favorites already?

[govorrue]

Hmm, sounds interesting, but I haven't heard of such a program before. And are there any requirements that must be met from Binance side? And are there any favorites already?

Yeah, of course. There must be a certain trading volume, prospects and different criteria being met. And in general, there are not so many tokens that meet the requirements. The one I will mention is Verasity with their VRA (VRAB) token, from my point, a pure innovation. Fully working platform with more than 700k active users, very saturated roadmap, experienced team and incredibly high demand on token

[volport]

Yeah, of course. There must be a certain trading volume, prospects and different criteria being met. And in general, there are not so many tokens that meet the requirements. The one I will mention is Verasity with their VRA (VRAB) token, from my point, a pure innovation. Fully working platform with more than 700k active users, very saturated roadmap, experienced team and incredibly high demand on token

Verasity? Sounds very familiar, it seems that I have already heard of the solution before, but indeed sounds very interesting, so let me briefly have a look once again. Didn't know that the guys are that successful, thank you very much for your recommendation though

[mdzahed134]

I think that if the exchange is good, then their coin will also be a success. All the same, exchange coins were primarily created to be used in stock trading. And outside the exchanges, we already have enough altcoins.

Most of the exchanges based platform is succeed, big or small platform it’s really dosen't matter i think. I am participating a lot of previous exchanges based project namely Catex,DexAge,Cryptaldash these aren’t a big platform but those are legit. And exchange token will be survive long time because it’s their own platform launched token. Still another two exchange based project doing make a great platform which are IMO Ecosystem and BBOD both are created native token.