Exchanges Tokens

[Pompa]

Use this in the time of processing of one token having valuable to become profit or a coin that have successfully reach their target. Exchange tokens a process of coins having a value to make profits.

[Fredomago]

Yes you are right. At this moment most of the exchanges have their own native token. And most of those token only use in exchanges. So if a exchange shut down the token has no value. But now a day many exchanges launch thei own chain to support the token. Like binance ,it has now a platform and a platform supported Dex so if binance have any trouble the coin maybe can live. Cause it will use in the platform. So yeah exchanges more often promote thei native token and introduce it to other fields. That's it.

Exchange needs to extend their reach for their own token/coin, giving that scenario if the exchange failed the coin will go down with
the business, and most of the time that's the fear of most investors, Exchange needs to look for more venue of usage aside for being
a token only for the exchange itself but to expand the usages for more investors interest.

[zenit22]

I think that everything depends on the exchange itself. If the exchange is large and well developed, then the token will be in demand. Large exchanges have a lot of resources to develop their project. Need good ideas, and exchages have the economic opportunity to relise them.

[Ekyfitri]

I think that everything depends on the exchange itself. If the exchange is large and well developed, then the token will be in demand. Large exchanges have a lot of resources to develop their project. Need good ideas, and exchages have the economic opportunity to relise them.

but for new exchange projects that generate tokens will be a long process and cannot quickly gain popularity. when their platform is well developed there is a huge potential for their coins to also increase. It remains only the steps and strategies created by the developer to make the function of the coin available to traders.

[aarif123]

That's absolutely true we have many crypto exchange tokens available whose price are less than $1 there was the time when their price was used to be greater than $10 but as the exchange has shutted down the price of their native token has also decreased so I think native token has no future if their exchange gets shut down because of any reason

[Vishnu.Reang]

That's absolutely true we have many crypto exchange tokens available whose price are less than $1 there was the time when their price was used to be greater than $10 but as the exchange has shutted down the price of their native token has also decreased so I think native token has no future if their exchange gets shut down because of any reason

LOL.. obviously an exchange token will become worthless when the concerned exchange closed down. You were thinking otherwise? Since these type of tokens don't have any other usage, I expect them to become useless as soon as the exchange is nuked. This can happen to all the exchange tokens, including those with multi-billion market cap, such as Binance Coin and the Huobi token.

[bobyhodob]

I think that everything depends on the exchange itself. If the exchange is large and well developed, then the token will be in demand. Large exchanges have a lot of resources to develop their project. Need good ideas, and exchages have the economic opportunity to relise them.

The price movement of cryptocurrency does not depend on the exchange place but depends on how the project develops and as much as possible it should be able to attract investors to enter and support it by buying it on an exchange, so it doesn't matter if the exchange is quiet or crowded if the project is very useful for many people then the price is potentially expensive.

[zenit22]

I think that everything depends on the exchange itself. If the exchange is large and well developed, then the token will be in demand. Large exchanges have a lot of resources to develop their project. Need good ideas, and exchages have the economic opportunity to relise them.

The price movement of cryptocurrency does not depend on the exchange place but depends on how the project develops and as much as possible it should be able to attract investors to enter and support it by buying it on an exchange, so it doesn't matter if the exchange is quiet or crowded if the project is very useful for many people then the price is potentially expensive.

So here we are talking about native exchange tokens. The more successful an exchange is, the more successful its token is. Isn't that right?

[Plinteng]

i invested in binance coin because it has other use case. the binance chain brought a different agenda to the binance coin. creating a platform for other projects to migrate and develop more using the binance project but i think there are other features that needs to be explore not only the smart contract. apart from trading fees, they can try creating other platforms that will allow exchanges to buy products from websites using their tokens as a means of authentication and authorization.

[AlexAtom]

Token in exchanges are good, the users can use it to reduce the fee of the exchange when trading.
Not to mention that we can investing on the token, buy them and hold it in our wallet.
If the exchange success like binance, then we can sell it to get the profit.

[giammangiato]

The token from exchanges are a good thing because they have an utility, they reduce the fees and in the BINANCE case is you hold an amount of their token you can have cashback using their card. This is very good!!!

[sehoon]

I think exchanges tokens are still a gamble up until now. Finding the purpose of these coins are hard because they're not performing well outside the exchange. However, I hope the devs won't leave these coins behind and balance their efforts in making the exchange sites productive and their coins as well. Don't get me wrong but I think exchange coins are still something we need to look into.

[max6575]

as uses with release of movement on price gives of point on appreciation the use with chart moderation might turns as token holder to gains with supports of identification to put with decision as might to gains with proper option on trading with arbitrage market.

[southerngentuk]

Exchange tokens are dependent to exchange, I mean if something happens to the exchange like what just has happened to kucoin , the price goes to hell , that is why I suggest holding only very hight ranked exchange, and that only for IEOs , and farming or etc , not for a long term, cause everything can get hacked, it is just matter of time .

[Pandji02]

exchange tokens has real usage cases unlike most of alts that there are on market, they have liquidity.
And even if an exchange token is not innovative by any means - it still has pretty clear purpose and thats what valuable about them

[Alohadanc3]

At this moment of time almost every exchange have their own token. And it's very big business. Most of the exchanges came with their token with almsot no utility. Some of them are like you can pay your fees in exchange coin and you will be have some discount. But some gave dividend and some airdrop of new listing. But now most of the big exchanges try to make their own chain and use their native exchange coin in it. And most of the good exchange coin gives good profit also. So it's fine to invest in them.

[passwordnow]

And even if an exchange token is not innovative by any means - it still has pretty clear purpose and thats what valuable about them

Just a real talk you have spit on there. Some do really don't have any plans of innovation because there is a demand but once the demand starts to decline.
They will think of an idea how they can get back that demand easily. It's just going to turn them a situation like that for them to innovate their token.

[Marble777]

yes, when talking about exchanges then Every utility token has such problems, it may be true that every company that owns its own coins needs to build a bigger community and not only for the adoption of the platform, but also need for the adoption of their own project coins.

[hwtee]

Tech based solutions are developing more and more and getting to some industries that used to work without it. I am pretty impressed with the value that certain worthwhile solutions are bringing to the table. Of course, analysis is required here to evaluate every particular solution

[hwtee]

If you are curious to hear my view, strategy that helps - getting deeper into the niche you are experienced in. Because it makes it easier to analyze the found solution and understand its real value

Yes, for example, I am big fan of bots prevention services. And the field is developing fast, even though there are not many unique solution on the market