Opinions on Native Coins/Tokens of Exchanges?

[R1dwanRz]

So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.

Basically BNB holds 1st place as the top most native token, and the growth of that coin is really high over time. And it is really also volatile at this point. so I started looking more around native tokens.
And, so MAX token, I recently got introduced to it via its listing on Bitget exchange, so I understand some of you may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc. This native token may not be recognized as top as BNB but still a great native token to have around in my opinion.

What are your thoughts on this? Are you holding any native tokens that may boom?

[Beparanf]

What are your thoughts on this? Are you holding any native tokens that may boom?

Holding it for investment purposes will surely give you an advantage since some exchange offers some benefits to all token holders related to exchange features. You can assure too that the token will receive price boost since the exchange will surely have profit from trading fees and its a necessity on crypto market.

Investing on well known exchange such as Binance is a good thing to consider. Just make you are always updated and vigilant to all the news related news including FUD to the company since there’s a chance that a big exchange can collapse once regulators hit them hard just like what happened to FTX. But in general, Investing on popular exchange token is one of a good investment long term since they often have a feature of buy back using the exchange profit and discount from trading fees.

[jossiel]

Are you holding any native tokens that may boom?

Yes.

I think that it will boom despite that it has already boomed and why? Because it's still at the top list of the market and that's why I am moving forward that it will bring forth profits to me once the market is booming again.

As long as the exchange of it is doing well, I'll hold it. So far that despite the controversies that it had been in, I'm still holding it since I have no choice.

[cryptoaddictchie]

may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc.

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

Is this already launch? Or just a plan with some details being cooked on?

[AmoreJaz]

may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc.

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

Is this already launch? Or just a plan with some details being cooked on?

it seems that, he got it from reddit -
https://www.reddit.com/r/CryptoMoonShots/comments/16lp54g/max_the_exchange_its_native_token/

don't know if the OP is the author or just get some info from here. but can't find any reliable crypto news site talking about the connection of Vitalik with this MAX token.
so yeah, better do your due diligence before jumping on this token. we don't know exactly what is true on this.

[MAAManda]

What are your thoughts on this?

I don't have any thoughts about Maicoin or the Max token, for me, Maicoin is a new exchange based in Taiwan that doesn't have too many pairs so the trading volume there isn't much. Despite the fact that Vitalik and Charlie Lee are listed as advisors there, for now I will not pay attention to Max tokens.

Are you holding any native tokens that may boom?

Nothing, the last time I held a native exchange token was $BNB and that was quite a long time ago.

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

Image Source: Maicoin

As you can see in the image above, Charlie Lee and Vitalik Buterin were actually advisors there, but I can't confirm whether this is true or not. Apart from that, videos about Charlie Lee and Vitalik Buterin is also on the Maicoin YouTube channel, videos that was published about 4 years ago.

Is this already launch? Or just a plan with some details being cooked on?

The exchange native token and also the exchange have been launched, you can see them here and here.

[Saisher]

So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.

Basically BNB holds 1st place as the top most native token, and the growth of that coin is really high over time. And it is really also volatile at this point. so I started looking more around native tokens.
And, so MAX token, I recently got introduced to it via its listing on Bitget exchange, so I understand some of you may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei

Do you want confirmation if the token you've just purchased has a good potential in the market or do you just want to ask about the status of an exchanged-based token, this platform is to us and they will need massive marketing if they want to get into the mind of traders the volume needs a lot of improvement not the kind of exchanged that you will go if you want to trade your coin, Taiwanese are good businessmen and developers but their reach is very limited, I'm sure many have not heard of this token or exchange only now.

But since you invested in this and have done research it's up to you to decide if you want to hold or dump this token but for me, it's not worth it.

[serjent05]

What are your thoughts on this? Are you holding any native tokens that may boom?

I am neutral on the native coins of exchanges, I believe they are better than those coins that do not have real use cases.  They are even better to those altcoins that has no fundings.  The success of the native coins of exchanges is dependent on the performance of the exchange since they are the ones supporting the growth of the coins.  So I am not bearish or bullish about these kinda of coins. But it is not bad to at least some of the native coins of popular exchanges like Binance, Kucoin, and Huobi since they have the capability to "pump" their native coins.

[Joseph-P]

What are your thoughts on this? Are you holding any native tokens that may boom?

I am neutral on the native coins of exchanges, I believe they are better than those coins that do not have real use cases.  They are even better to those altcoins that has no fundings.  The success of the native coins of exchanges is dependent on the performance of the exchange since they are the ones supporting the growth of the coins.  So I am not bearish or bullish about these kinda of coins. But it is not bad to at least some of the native coins of popular exchanges like Binance, Kucoin, and Huobi since they have the capability to "pump" their native coins.

I agree with this. I am mostly neutral when it comes to CEX tokens with the exception of Bitget's BGB and Binance's BNB tokens. Bitget has been thriving these past few months so that's obviously been a good buy. BNB has one of the biggest names in crypto as its founder and since I bought low, I have some confidence it that too. Overall though, its best to be careful with them CEX tokens.

As for MAX, I did hear a lot abt it and it's listing in Bitget. I'll say it's worth giving a look for the short term cos of the solid team behind it.

[GreatArkansas]

(.......)
What are your thoughts on this? Are you holding any native tokens that may boom?

For me YES. And what we are waiting for them are bull run, there's no way for me these native coins/tokens of exchange will go boom in just normal days of the market.
Another thing I am concerned about lately is the issue about SEC and Binance, because this will affect all the coins/tokens of exchanges not only Binance, Binance is the biggest number 1 right now in terms of exchange token.

[jasonjm]

So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.
What are your thoughts on this? Are you holding any native tokens that may boom?

Native exchange tokens are good options for short-term investment. Buy BNB when it's down and sell it at a higher price during the alt season. They are better than other shit tokens. However, long-term investments in exchange tokens are not reliable because it is difficult to predict how long an exchange will work/survive, and you could potentially lose your money. Also, store your holdings in BTC (in offline/cold wallets) or offline investments after making a profit from these tokens. 

[bitgolden]

Holding it for investment purposes will surely give you an advantage since some exchange offers some benefits to all token holders related to exchange features. You can assure too that the token will receive price boost since the exchange will surely have profit from trading fees and its a necessity on crypto market.

Investing on well known exchange such as Binance is a good thing to consider. Just make you are always updated and vigilant to all the news related news including FUD to the company since there’s a chance that a big exchange can collapse once regulators hit them hard just like what happened to FTX. But in general, Investing on popular exchange token is one of a good investment long term since they often have a feature of buy back using the exchange profit and discount from trading fees.

It is really a personalized thing, based on who you are and what you like I think having this type of investment may work for a lot of people. I am sure that some people do not enjoy or like it neither, but I feel like it's definitely a good one if you are into it. I know that it will take some time to get there, but I am sure that it's not going to be that much of a big deal at all.

Hopefully, it can get to a point where we can actually enjoy it, and that should be more than enough, and I bet that people will like it one way or another, but that doesn't mean that it will get to a good point, we need to end up having some sort of situation where it will help plenty of people and that type of return should be very good.

[Zee27]

What are your thoughts on this?

I don't have any thoughts about Maicoin or the Max token, for me, Maicoin is a new exchange based in Taiwan that doesn't have too many pairs so the trading volume there isn't much. Despite the fact that Vitalik and Charlie Lee are listed as advisors there, for now I will not pay attention to Max tokens.

Are you holding any native tokens that may boom?

Nothing, the last time I held a native exchange token was $BNB and that was quite a long time ago.

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

https://talkimg.com/images/2023/09/18/6JEgl.png
Image Source: Maicoin

As you can see in the image above, Charlie Lee and Vitalik Buterin were actually advisors there, but I can't confirm whether this is true or not. Apart from that, videos about Charlie Lee and Vitalik Buterin is also on the Maicoin YouTube channel, videos that was published about 4 years ago.

Is this already launch? Or just a plan with some details being cooked on?

The exchange native token and also the exchange have been launched, you can see them here and here.

Seeing the kind calibre of advisors Maicoin has, and the fact that it got listed on several other exchanges https://twitter.com/bitgetglobal/status/1702277508945879293?t=lQlgqymvZwm2J8iSQFgCTg&s=19
 "I saw the list on the link you sent" I think it might amount to something worth holding tho.

[Sophokles]

What are your thoughts on this? Are you holding any native tokens that may boom?

I am neutral on the native coins of exchanges, I believe they are better than those coins that do not have real use cases.  They are even better to those altcoins that has no fundings.  The success of the native coins of exchanges is dependent on the performance of the exchange since they are the ones supporting the growth of the coins.  So I am not bearish or bullish about these kinda of coins. But it is not bad to at least some of the native coins of popular exchanges like Binance, Kucoin, and Huobi since they have the capability to "pump" their native coins.

Centralized exchange coins are linked to those exchanges. Most of them only offer discounts on trading fees, participation in IEO, staking rewards, etc. All of this activity evolves around those exchanges, which makes them highly centralized. These coins should not be in a long-term portfolio with no use cases outside of their own platform.

[blockman]

While there's an edge and advantage to having some known advisors on board for such projects. But that doesn't guarantee the project's success just because they've been part of their respective projects that they've been part of. In this market, I have seen how these projects are also sticking into the known names for their personal interest and sake. This is like giving one another a boost but of course, this is with monetary exchange and fees for them to be part of a new project just as what you've mentioned OP. It could have been better for the new projects that have a lot of budget for their marketing to give that allocation to their advisors because it's part of it. Yes, these partnerships and having known names to be their advisors has something in return for them and that's the trust that these people in their own communities will also bring to the addition and contribution as a start.

[cryptoaddictchie]

but can't find any reliable crypto news site talking about the connection of Vitalik with this MAX token.
so yeah, better do your due diligence before jumping on this token. we don't know exactly what is true on this.

Normally if theres a related coin or token to Vitalik its gonna be seen right away especially on Twitter since mostly I followed important CT and first hand info influencers regarding some news but Id really not hear about this max tokens.

Seeing the kind calibre of advisors Maicoin has, and the fact that it got listed on several other exchanges "I saw the list on the link you sent" I think it might amount to something worth holding tho.

Oh thanks for the links and sources will take a look now. OP should have done or look for these info like you did. Anyway will be back upon checking it.

[yazher]

Of course, most of us hold some of those coins because it has already established some concrete liquidation in the crypto market and there also are some more upcoming updates and developments which make the coins alive and also have some value all the time. Unlike any other coins that have no usage or their developments still don't allow them to further increase their prices due to the lack of liquidations and usages. You can also guarantee your profit once the bull runs will come because they are not those coins that have no updates whatsoever so they remain like that forever if their developers don't do anything about it.

[Yudhisthir]

So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.

Basically BNB holds 1st place as the top most native token, and the growth of that coin is really high over time. And it is really also volatile at this point. so I started looking more around native tokens.
And, so MAX token, I recently got introduced to it via its listing on Bitget exchange, so I understand some of you may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc. This native token may not be recognized as top as BNB but still a great native token to have around in my opinion.

What are your thoughts on this? Are you holding any native tokens that may boom?

I still trust on BNB, they have reached quite high recently but still a good price as a $500+ is sure when the bull arrives.
Kucoin is another popular exchange among english speaking users and KCS also holds good price proposition. A recent accusation of Kucoin not holding every staked amount of users hurt the exchange reputation but the exchange is still going strong and would be a good business when the bull arrives.
I also in some period of time bought FTT token as FTX was said to be overtaking binance on volume of transaction amount soon but that led to a disaster, so exchange coins are not a full proof investment without risk.

[MAAManda]

Seeing the kind calibre of advisors Maicoin has, and the fact that it got listed on several other exchanges "I saw the list on the link you sent" I think it might amount to something worth holding tho.

You're an uneducated trader/investor, there are many things you have to research first and more important than just seeing Vitalik Buterin and Charlie Lee as advisors at Maicoin. Even Vitalik Buterin and Charlie Lee have never shilled on their social media accounts about Maicoin lately which proves that they're real advisors for Maicoin (this needs to be found out first).

Image Source: Coinmarketcap

About getting listed on various exchanges? Which top-tier exchanges have listed their tokens? the answer is no, it's just mid-tier CEXs.

[danherbias07]

I am holding CRO, the token of Cronos - Crypto.com. Originally an ERC20 token but now in Cronos Blockchain. But the same as other native coins out there, the value seems to be difficult to increase unlike before. While it's given that it is because of the total supply, it is also because investors are not expecting too much out of them anymore. BNB was and is still the most successful one of all when it comes to native coins and repeating that will be hard because of the diversity in the number of investments in the market.
Some investors would just say "I'd rather buy BNB than risk it with a new one." and it's because of reputation. They built this from the roots and it's now stronger, if something would like to mimic that, it will be a long battle in marketing.