Is exchange based tokens worth for hold?

[Bushdark]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Hmm, that's very funny because I was thinking myself in acquiring some coins in respect to some exchange especially binance but with your experience now I think I will make exceptions to even buy because they are not all that promising. Basically the only altcoins I possess that is even promising would be Solana coin because since the time I acquire it earlier this year the value has kinda double making my investment have some profits but I didn't buy much due to the fear of dumbing but I believe as the bull season draw close Solana will reach some valuable number.

Whether we are holding exchange token or some other tokens, we should note that risks are involved. Making profits from exchange tokens is as risky as buying tokens that are about to be launched in the market.

For us to make profits from the market, we need to thinks and run some research before buying any cryptocurrency project tokens whether it is an exchange token or not. There is no guarantee in the market so we to do diligent findings before risking our funds buying I'm the market.

[Zigabel]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

These coins gain more attention and value at lunch after which little to no attention is given to them , except for BnB most of other exchange tokens are usually not listed on other exchanges so this will definitely reduce their usability, tradability, mad their value will definitely drop because all these issues are not tackled before lunch of after lunch, they are not been followed up by their owners to make sure they gain the desired relevance needed of them, so they tuem out valuable enough to get the much more needed attention to grow above their current state.

[albon]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Yes, you made the right decision not to invest in any exchange-based coin again, and I agree with the same conclusion. The examples you mentioned are enough to make you refrain from making investment decisions without thinking. Exchange-based coins are susceptible to any harm that may befall the supporting platform, given the fierce competition that can be unfair among exchange platforms vying for top positions in the market.

In the depth of SEC wars against centralized exchange platforms and the security challenges faced by exchange platform teams from hackers, if the platform lacks stability, collapses, goes bankrupt, gets hacked, enters into conflict with the SEC, or faces any FUD causing panic around it, the currency of that exchange platform will be a harsh lesson for all investors who held it. If the platform's team fails to overcome challenges and ensure continuity, its currency will inevitably collapse dramatically, and investors' capital will disappear overnight.

The idea of not investing in exchange-based coins is similar to those who prefer hardware wallets over centralized exchange wallets. These are logical ideas.

[n0ne]

Considering every exchange platform backed coin, we can see good rise in the value and the same getting dumped when the market is down. At times it is possible to see binance coin show signs of bullish trend when rest of the market is bearish. This is all because of the new launches happening during those time period. There is good chance of progress, but it all depends upon the market and the exchange functioning. Small flaw is enough to down the market which is a big risk. Another thing some expect these coins to perform independently which is not happening. In all means the market is tied to the bitcoin price movement.

[oktana]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Of course, they are worth hodling, they mostly have a lot of use cases (like BNB), and that increases their chance for constant upward movement. However, the risk I see with them is that a little news (or rumor can cause a decline in the price). If for instance there's bad news about the exchange, the developers, the app, the community, or almost anything about the platform, it can significantly impact the price. But again, we all know that investments come with risks (especially crypto investments) so it's not unusual to see this.

[shinratensei_]

right now so many exchange tokens are just stagnating you see BNB and many more they are just stagnating, the ones that climb the market are other coins that aren't exchange based token i just can't see bright future with these coin if the trend stays like this.
I think the ones that still give good prospect for the future is instead the dex tokens that are having quite the pump nowadays, they rise alongside with the smart contract based blockchain coin that honestly is like the blue chip of cryptocurrencies they always rise because they have clear utility that is to deploy projects and many more.
meanwhile these exchange tokens are for what? maybe cutting some exchange fee which honestly irrelevant for most of people.

[Xampeuu]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Of course, they are worth hodling, they mostly have a lot of use cases (like BNB), and that increases their chance for constant upward movement. However, the risk I see with them is that a little news (or rumor can cause a decline in the price). If for instance there's bad news about the exchange, the developers, the app, the community, or almost anything about the platform, it can significantly impact the price. But again, we all know that investments come with risks (especially crypto investments) so it's not unusual to see this.

It is true that up to now they are developing normally in the market, especially BNB which there is no doubt about, I think as mentioned above it is worth following its development, because trust is the main capital in investing, although it is not a guarantee that it will grow according to expectations, However, at least there is a risk in the path we take, even though it is the safest investment, the more people use the product, the higher the level of trust will be.

[shushu9977]

Maximum coins price are down whereas only few coins are pump. If you know crypto market and analysis it very well, you should not stop to buy coins. When you see this coin gives you profit, you buy it. After buying this, you get profit, you sell it rapidly.

[Bureau]

One significant concern in my view, is the inherent decentralization of these tokens, that means decision making authority regarding these token solely resides with the management team. We have seen how FTT token was mishandled by FTX team and eventually investors in FTX exchange's token FTT suffered huge losses and they were deprived of their life time savings. Hence, investors should be careful when investing in high-risk tokens.

I do not think the world mishandle suits for FTX tokens, the right word would be destroyed. I mean that is what happened Sam destroyed and scammed everyone with this token and still, many investors are waiting for their refund. That is the problem of how careful anyone can be no one knew such a big exchange was deceiving its investors. Rather than being careful, I feel the right thing to do is not invest in such tokens for the long term. It is better to use them as an investment option for short-term gain and then exit out.

[Rehan Zakir]

My suggestion is No, Because if exchange collapse, the coin also collapse.
We can see lot of coins such as FTX exchange. When this exchange collapses, its coin FTT is also destroyed. So, i think don't hold exchange coins for long term investment. Just take profit and sell it.

[Romeotom]

Maximum exchangeable token price have down which surprises me and especially they follow exchange development activities but very little research on their tech. Investors always invest for profit but exchange based tokens are less likely to increase in value and they perform similarly during bull runs.

[Sophokles]

Most of them don't as people don't want to hold a token only because they want a discount on trading fees. But there are some exchange like binance that offer other services like participating in an IEO and other events from that exchange. The most notable one is participating in IEO and most of the time investor got a good ROI so if someone is looking for participating in IEO and holding that exchange token will help him do that then it is worth holding for him.

[Mahanton]

Most of them don't as people don't want to hold a token only because they want a discount on trading fees. But there are some exchange like binance that offer other services like participating in an IEO and other events from that exchange. The most notable one is participating in IEO and most of the time investor got a good ROI so if someone is looking for participating in IEO and holding that exchange token will help him do that then it is worth holding for him.

But the amount of BNB you would really be needing to have is something that not all could really be able to get a hold of or simply it does require that a few thousands on which means that those people who are planning to join up those IEO then you would really be need to acquire those numbers. I cant really deny that when it comes to that matter, i have already those plans on joining on Binance launchpad but since it doesnt give out
assurance considering that this is a ticket based system or picking then you cant be sure that you would really be able to participate.

Thing on that you have mentioned is that people do make a hold of some exchange token basing up with having that kind of feature or benefit on having less or discount when it comes to fees
and also having those kind of staking feature which APY or APR is really indeed having that good offer or numbers on which you could say that it is really that worth to have.

In overall, when it comes to price movement or value then it would really be always be depending into their platforms reputation. Once that it would really be experiencing some
issues or whatever bad things or events that do happen then it would really be reflecting into their coin value or price. This is why we could really say that they are
connected to each other basing up on reputation and price condition or value of the coin attached to it.

[Yamifoud]

Most of them don't as people don't want to hold a token only because they want a discount on trading fees. But there are some exchange like binance that offer other services like participating in an IEO and other events from that exchange. The most notable one is participating in IEO and most of the time investor got a good ROI so if someone is looking for participating in IEO and holding that exchange token will help him do that then it is worth holding for him.

That seems an interesting option that would bring attention to the users of the said exchange. But I don't think a lot of people would do that unless that token to worth holding as well. Because I don't expect the reward it is really tempting enough that old players will consider it, maybe for new users.

After all, the majority will still choose to invest and hold known coins rather than these exchange-based tokens. Some will consider this in support of the exchange but not the intention of making a profit.

[tvplus006]

Hmm, that's very funny because I was thinking myself in acquiring some coins in respect to some exchange especially binance but with your experience now I think I will make exceptions to even buy because they are not all that promising. Basically the only altcoins I possess that is even promising would be Solana coin because since the time I acquire it earlier this year the value has kinda double making my investment have some profits but I didn't buy much due to the fear of dumbing but I believe as the bull season draw close Solana will reach some valuable number.

If you trade on a centralized exchange that has an exchange token, then you definitely need to buy it at least for the reason to pay a commission with this token. In addition, all exchanges have additional privileges for holders of the exchange token. So it is beneficial to be a holder of an exchange coin in this case.

[Ben Barubal]

Even the BNB, what if Binance got hacked or something happened and it fold up? BNB will crash and become useless. I used it as the example because it is the one you recognized most and the first among them if marketcap is used. Any exchange can get hacked and this may cause their token to become useless. Go for decentralized coin like bitcoin.

  Centralized and decentralized systems can be hacked by hackers. That's the truth, and we know that too, right? Now, how many times has the Binance exchange been hacked, even if we say it is a centralized platform?

  It's almost impossible to count the number of hacking issues that have happened because Binance immediately took care of them, and besides that, an exchange platform like Binance still maintains its users who continue to use it because Binance can still take care of the fund. that anyone affected by hacking is still paid for the lost funds if they are ever one of the victims of hackers. But with other exchanges, they can't do what Binance does.

[barhavsky]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

in my opinion, not all coin exchange are very good for investment and I personally only interested in BNB, because BNB is the biggest exchange at the moment and that is what makes me interested to investing in BNB, apart from exchange, BNB also has a very popular blockchain and many projects which uses blockchain from BNB, so I'm sure BNB will be very good as a long-term investment and the price of BNB will definitely make a new ATH price during the next bullrun, therefore don't miss the current opportunity to DCA BNB at a low price before the price of BNB increase very high.

[siniminomorocomunisakito]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Hmm, that's very funny because I was thinking myself in acquiring some coins in respect to some exchange especially binance but with your experience now I think I will make exceptions to even buy because they are not all that promising. Basically the only altcoins I possess that is even promising would be Solana coin because since the time I acquire it earlier this year the value has kinda double making my investment have some profits but I didn't buy much due to the fear of dumbing but I believe as the bull season draw close Solana will reach some valuable number.

Indeed, the soluna is indisputable. Moreover, the launch of the Pyth coin on the Solana network really adds to their performance in the crypto world to always be noticed. Solana continues to develop and will definitely be one of the choices of many people after BNB. Yes. Soluna continues to develop and will definitely be one of the choices of many people after BNB. just my assumption at this time my friend.

[Dimitri94]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Exchange based tokens don't fluctuate as much as other tokens do. I have been following the Ku coin exchange token for a long time and what I see is that when the market is bullish or when BTC goes up, the price of those coins goes up and when BTC goes down it goes down. In 2021 the token price of Ku Coin exchange platform was $17 per coin currently trading between $6. So these coins seem to depend a lot on the price of Bitcoin. If one wants to hold the coins of this exchange platform then one must hold for long term otherwise the chances of loss will be high.

[tajimas]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

I will help you figure out the proper exchange based coin to buy and hold for long term, exchange coins are good for investment if you are watchful and long in the crypto industry games, most of these exchange based coin do not exhibit their own smart contracts and are not Blockchain based assets. Many projects are built under Binance Smart Chain where BNB is used as a transaction fee bringing in more liquidity and use cases of different kinds, any exchange based coin that do not exhibit both quality and feature of native token and also Blockchain based assets should be out of your list, for they may not do better during the long run except the team keeps building more.

Huobi(HT) and okex(OKX) native coins has the same features of BNB of which they are pretty much good to buy and hold, I'm looking if Bybit and Bitget exchange based coin can build themselves more to BNB level.