Thoughts on exchange tokens?

[Bitstar_coin]

Who knows what tge future holds because the idea of decentralization and crypto is to be able to digital currency that can be use to obtain a service, many of the thousands in the market don't provide any yet even though their intentions are to provide utility bit in reality that hasn't been the case, for now price speculation is the order of the day.

[cabron]

They are utility tokens inside the exchange and if the exchange gets popular, they'd be a good token to invest in. We have seen most of them soar high. If you look back on how Gate token is when it started, its not a very popular exchange when it started its just few satoshis.

If you come to think of it that we are just millions in the crypto industry so far, in the next few years we'd exponentially grow to a billion and the exchange tokens could be much worth it.

[Lantind]

There are not many exchanges where their tokens can be successful, I just see that these tokens have real value and meaning from the top DEX and Eexchange in this market. The use of these tokens will benefit the user more, which I don't need to say for sure you understand.

Yes, DEX is a helper to boost Exchange in general, so the use of DEX by some people in crypto will obviously be very beneficial in real terms and can benefit exchanges on the public channel, so that their tokens always have a good value in the market.

[yazher]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

Only BNB and Okex are the best for me and the rest is something you should check by yourself because when the price of BTC increase, the users of both exchanges are increasing as well that would make their exchanges token surge because of the ongoing trade in their exchanges that would make the people give more trust to their coins. the bottom line is when there are so many users using their exchanges, there is no doubt about the price of their coins will increase as well. Yeah! there are too many of them in the market and you should be careful about falling to some sort of exchanges where they will close their service without an announcement.

[robattfield]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

In fact, not all exchanges are performing well, as far as I can tell, only a few have had success with the exchange token. As we all know the top exchanges they use their own tokens to optimize usage on exchanges. In Some popular exchanges such as Binance, Okex, Houbi, the exchange tokens have high value and people are more supportive. Recently, the dominance of DEXs, DEXs also have their own tokens, I like this in the cryptocurrency space it brings diversity to users. Tokens are fundamentally very important, but not all exchanges do.

[TheMimic1]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

There aren't many exchange tokens in the market if you know the difference between top exchanges and low exchanges, the best advice is to stick with top exchange tokens and they always perform better, I remember confusing a friend to invest in wazirX and today he is happy cos the coin is growing big

[robelneo]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

There is value in those tokens provided that the company that released them had a platform that will help the community grow, like Binance and Kucoin, I have promoted and invested in some of these tokens in their ICO stage but unfortunately, the majority of these are profit-driven and they cannot keep up with the competition in the market, there are few exchanged based token doing crowdfunding now, not unlike before where there are at least 4 to 8 new tokens.

[fortune1002]

Now Every Exchange is releasing their own token. Because Binance released their own token and got success. So every exchange is following binance. Exchange's token have their own work on their exchanges. But Nowadays most of exchange have their token and it is also Successfull like binance, houbi and many others

[maxreish]

If you'll notice how those top crypto exchanges have selected tokens on their platform only. And they dont added more as not all of the tokens are good to serve with. However, one of the best crypto exchanges that has wide variety of tokens that can be exchange is the MyEtherwallet (MEW), you just need some gas for eth fees and you will be able to add some token together with the contracts on their platform.

[JohnBitCo]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

Good exchange tokens will always grow as their exchange grows. You can see the example of BNB which is a token of the binance exchange. The next good  exchange coin to invest now can be FTX. Also the decentralized exchange tokens like 1inch and uniswap are also worth investing.

[hulla]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release.

Cryptocurrency is a broad venture and no consensus is needed for a token to be created on listed on an exchange, what the token team need is to have the exchange requirement and their token will be listed.

Are there too many of them in the market?

Yes, there are in spite that crypto market is broad and new token project are abusing the capacity of the market.

Or is there an obvious market need that such tokens serve?

The market needs the service offered by some token but 95% of all the token we have in the market are copycat.

[Teraboy]

There are not many exchanges where their tokens can be successful, I just see that these tokens have real value and meaning from the top DEX and Eexchange in this market. The use of these tokens will benefit the user more, which I don't need to say for sure you understand.

Yes, DEX is a helper to boost Exchange in general, so the use of DEX by some people in crypto will obviously be very beneficial in real terms and can benefit exchanges on the public channel, so that their tokens always have a good value in the market.

the majority of tokens issued by the DEX being used as the governance token and it has less utility compared with the tokens that already issued by the centralized exchange site. it doesn't make sense to say dex token has more beneficial. Dex is not even helping to boost the exchange site in crypto ecosystem but the swap service does it.
I think that there's something wrong with it.

[Hamphser]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

Its just good for their own platform but overall it isnt really that much off needed but if the perks just like on making use of it as a fee or somewhat have that staking feature then that would really be a beneficial one.

Just like on what happened on BNB on where it did really make out some progress just because the platform itself did really get some recognition in the masses.So having your own exchange token
isnt really a bad idea after all.

If they dont make one then its just okay but if they do make one then its still okay too. 

[crypto-performance]

There are not more than 400 to 500 exchanges that are legit,

400-500 exchanges? That's honestly way too much.

[X-ray]

There are not more than 400 to 500 exchanges that are legit,

400-500 exchanges? That's honestly way too much.

I think that's for overall but when you are counting the legit exchange site and there will be only less than 100 exchange sites that can be trusted and remember that if the volume gets centralized to the big exchange site. I think that we should not count all of exchange sites and consider these as legit exchange sites.

[mdzahed134]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

Every exchanges created their own utility tokens, it’s very rare to find without own token exchanges. But mostly exchanges tokens haven’t any real uses on the market. BNB & UNI both of coins are big trending in the market now. As like exchange token it has reached to another level of demand due to strong development and many use cases right now.

[rosebrand]

Almost every crypto exchanges got thier own token , most of them are really worth investing on,  it's certain that the progress of the exchange token depends on the welfare of the exchange. Most times this Exchange tokens doesn't have any usefulness tho some big exchanges makes their token more uselful in their exchange by adding some nice features which will make the token appears very useful, just like binance which got a staking launch pad where participants can only  pertake by staking BNB  and also there are certain fees which are reduce when transacting with BNB and if we take a close look we could see BNB has really been doing very fine so its certain that exchange tokens progress depends on the success of the exchange.

[gurunanakji777]

My experience is not good with exchanges tokes so far. I would say very few exchange tokens are worthy on the other hand I have some 5-7 exchange tokens and none of them have good value so far only B2b exchange coin pays me some good return. If we see Binance there is no match of Binance with other exchange coins but I have noticed in the past 1 year some good exchange projects introduced and their dev is doing good. But whenever you plan to buy exchange tokens do due diligence properly otherwise you can repent later.

[Kelvinid]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

Some of these projects are placing some roles but many we're just worthless and dead. Maybe we hear about scam tokens, abandoned projects, many of them having that situation because, in the very beginning of its creation, they don't have that intention to bring the light to it but instead, they let people fooled by their greediness and lose their money.

That is very important to look at the projects that could sustain the market competition and we have those positive insights that it grow in the future, not to be abandoned.

[isaac_clarke22]

I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?

Not sure if they're too many, because those tokens would even reflect on how does an exchange perform sometimes.
One notable example would be BNB. I plan to buy it back in the days, but it was just too much in my portfolio now so I backed out.
It seemed to perform well along with the exchange based on the circulation and the volume of the coin.
That's just one notable example though.