Is exchange based tokens worth for hold?

[Sayeds56]

honestly it really depends, with this kind of tokens the performance and valuation depends on the exchanges themselves like BNB, whenever they have staking programs that tells them to stake some of the BNB the price went up, but if there's news surrounding the platform themselves in which giving negative impression the value of the token usually plummet.
i'd personally never gonna hold these tokens for long, at best just following staking program, its just not worth it. not to mention of suddenly the exchange asset got stolen or something similar to that.
i can be 100% sure that the value of token will just make a sharp down turn, there's just too many ways for these tokens to lose its value honestly that i don't think they are worth long term holding.

Certainly, the value of the native token of any exchange such as BNB largely depends on its use case and how the token is backed by stable coins such as USDT or USDC. I think that native tokens of exchanges are not worth holding for investment purpose.

We have witnessed the collapse of LUNA and FTX in the past within days, when they ran out of liquidity. These unfortunate incidents underscore the importance of transparent and responsible financial management of exchange to prevent such catastrophic outcomes,  

[bounceback]

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!

If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.

[leonair]

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 compare the tokens based on these exchangers to a lot of bubble gum, they burst after a while. I would say that for those who are short-term traders, it may be good to invest in these tokens or coins, but for long-term trading, I would not suggest them to choose. Because if we see the FTX incident then everyone will understand. So for short term trading you can choose them but for long term trading Bitcoin will be the best for you.

[Rabbitqt]

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've always done very well with exchange coins every bull run
 With BNB being the main winner.

[tengui]

I think exchange coins like OKB BGB or KCS are still worth investing in because the exchanges that support these altcoins still have very high trust from the public. Price drops are normal because other altcoins (non-exchange) also often experience sudden price drops. The most important thing is that you have to determine the best time to buy and sell because that is the key to investment success.

[strunberg]

If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.

Yes, you are right. Basically, exchange-based tokens also have risks depending on the development of the exchange. We can see the case of the FTX exchange and most recently the Bitforex exchange which experienced problems and caused the value of exchange-based tokens to decrease significantly. But for me BNB has many advantages and they are the number 1 exchange in the world today.

[Kezacky]

Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.

[MeGold666]

Is exchange based tokens worth for hold?

No.

[Sophokles]

Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.

BNB is more than a exchange token. It is true that many people don't want to invest in any exchange token any more, but that is not the only reason behind the decreasing popularity of exchange based tokens. Only having discount on trading fees won't work to motivate people to buy those tokens, nor will the token sale be that attractive any more. There are countless other ways to conduct an ICO, and most of the projects are using multiple platforms for token sales. Exchange based token just lost their demands as utility based token.

[Rasa nanas]

I also think so, the only exchange-based altcoin worth investing in is BNB. However if we talk about BNB we are not just talking about the exchange that supports it namely binance, but also talk about the ecosystem and network usage which continues to increase. As we know, currently new projects on the BNB network continue to increase, and perhaps this is what makes BNB's position even stronger.

[hamba laeh]

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, the purpose of investment is to make a profit. So we invest wherever we can make a profit, including exchange-based tokens, and we must maintain everything that has the potential to develop, and vice versa, if it does not have a good opportunity, it must be immediately removed from the list. so not all exchange based tokens do not have the potential to develop in the future.