Chibaba (OP)
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April 13, 2024, 09:41:07 PM |
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I've never been particularly drawn to either exchange or wallet native tokens, but I'm intrigued to delve into them now. The recent buzz surrounding BNB, OKB, and BGB has caught my attention. These tokens, especially BNB and BGB, have exhibited considerable strength, largely due to the heightened demand to participate in launchpool, launchpad and other related event that drive the demand for the use of these tokens
BNB has surged nearly 80% over the past year, while BGB has stolen the spotlight with an impressive 190% gain. Although OKB hasn't made any significant moves recently, its potential shouldn't be overlooked.
On the other hand, wallet tokens have also been performing decently, although perhaps not as strikingly as those from centralized exchanges. Among them, Trust Wallet and C98 Wallet have caught my eye. I have a hunch that wallet tokens might start showing impressive price action as we approach the post-halving period, thanks to an anticipated uptick in transactions. I'm particularly curious about the potential of BWB token for the Bitget wallet, set to launch soon with an airdrop in play.
What are your thoughts on the speculative potential of BWB?
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nelson4lov
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April 13, 2024, 09:50:35 PM |
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I have zero thoughts about BWB. As a matter of fact, its the first time I'm hearing about it. There is no comparison here. Wallet tokens don't stand a chance against exchange tokens. While both are services, it's only exchange tokens that have value that can accrue to them. For wallets that support EVM chains, the only way to charge fees is via additional fee on top of the transaction fee cost. Additionally, there's incentive to buy and hold an exchange tokens since they might use burn token supply or allow revenue to be used for buying tokens off the market and burning.
You want to take a close look at wallet tokens before taking a move indulging in one. So far, I haven't see a wallet token that did reasonably well. Maybe TWT, but I don't think so.
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Marvelman
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April 13, 2024, 09:58:51 PM |
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I've been wondering about wallet tokens too. They don't seem as popular as exchange tokens, but maybe that makes them a hidden opportunity. But 'm still unsure if I should invest in them. What do you think their long-term potential is versus exchange tokens? What purpose do they really serve anyway?
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terrific
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April 13, 2024, 10:18:03 PM |
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What are your thoughts on the speculative potential of BWB?
I don't expect a lot and that's because the forum has been swarmed by these posts about bitget, bwb, bitget wallet, etc. So, to those investors of this token or if you're just a receiver of the airdrop then congratulations to you whatever might be the value of it. That's why I don't expect anything from it as there's nothing new with it.
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April 13, 2024, 11:19:45 PM |
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-snip What are your thoughts on the speculative potential of BWB?
I think the BWB token, the official ecosystem token of Bitget Wallet, holds a lot of potential and seems promising, given the strategic initiatives and the growing demand for Web3 wallets. However, like all investments, it’s important to do your research and consider the risks involved. If you are participating in the ongoing six-week airdrop campaign that started on March 18 and will end on April 28, you are likely anticipating the official release of BWB tokens in the 2nd quarter of this year. This release will empower users to convert their accrued BWB points into tokens. Additionally, it will serve as a key to unlocking exclusive benefits for its holders, offering them a voice in community governance, access to ecosystem airdrops, and a dividend in the rewards driven by the growth of Bitget Wallet. https://www.bitget.com/blog/articles/bitget-wallet-launches-ecosystem-token-bwb
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oktana
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April 13, 2024, 11:46:29 PM |
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Irrespective of the percentages they have attained, I personally prefer exchange native tokens because if that project is a successful one, the tokens would definitely be worth more as it is like a fuel of the platform. Let’s take a look at BNB that wasn’t worth a lot. Now you have to spend at least $500 to purchase it. This is because for all the launchpads, etc, BNB is what you need to have. So there’s a purpose and value for the coin. Not that it’s not the same with wallet tokens, I think it’s better with that of exchanges.
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Chibaba (OP)
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April 14, 2024, 12:16:41 AM |
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But 'm still unsure if I should invest in them. What do you think their long-term potential is versus exchange tokens? What purpose do they really serve anyway?
Both exchange and wallet tokens imho opinion have performed well to start getting investors attention and I feel wallet tokens have not been getting the attention exchange tokens does prolly due to users been more inclined to the use CEXes which makes wallet tokens valuable gem waiting to explode. Wallet tokens indeed has some potentials as obtainable with some exchange token. Some of them are used for service payments, governance , launchpad and most time as a lending or borrowing assets on their platform.
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cryptoaddictchie
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April 14, 2024, 09:50:36 AM |
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I've never been particularly drawn to either exchange or wallet native tokens, but I'm intrigued to delve into them now. The recent I'm particularly curious about the potential of BWB token for the Bitget wallet, set to launch soon with an airdrop in play.
What are your thoughts on the speculative potential of BWB?
Well as early participants om their upcoming airdrop I must say it has potential especially they will give away some tokens for free and they will do their ido or ieo on their platform on June. Most exchange tokens have benefits and surely youll be able to experience that during IEO or launchpad. Perhaps the one thing you need to consider here is their legality how big is bitget arent they gonna end up like previous exchange or will it be the next Bnb coin which succesfully make high or top coin now?
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kentrolla
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April 14, 2024, 10:33:09 AM |
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Never heard of BWB and te concept of Wallet token itself has not been so vocal as most of us are not aware of atleast I am not much aware about it though I have seen TWT in my trust wallet but isn't really bothered to know more about it or invest into it. I will try getting into it if it's worth it I think we need to consider them as well but not sure if they can provide similar profit as exchange tokens.
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JeffBrad12
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April 14, 2024, 11:37:40 AM |
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From my observation though which might differ to the other since i might be biased, these wallet token usually won't grow that much, the reason why these exchange token could grow is because the trading volume of the exchange is also growing, it gives sense of strength and worth toward the coin because the exchange itself that issued the coin is big enough but with wallet coin, I don't see such potential to be exist for these wallet coin at best they're just gonna be those kind of coin that gonna be forgotten within a week or two. one of example is coin like SFP or safepal its basically a wallet coin, it has been tanked ever since, even the gain that its gotten right now is not that massive, there are other similar token as well, i just don't have that much optimism with these wallet coin, since there are other better alternative as well.
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electronicash
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April 14, 2024, 06:52:03 PM |
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wallet tokens most probably have low numbers in terms of the community using the wallet. Trust wallet token is only being used is because it's a popular wallet owned by finance but the rest of the wallet tokens aren't performing well even in the bullrun. i'm not sure of its use case but the exchange tokens are very useful for traders. its somewhat evident that BGB is rising because the exchange is adding a lot of unlisted tokens and its investors are heading to the exchange.
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Chibaba (OP)
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April 15, 2024, 07:01:13 AM |
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I've never been particularly drawn to either exchange or wallet native tokens, but I'm intrigued to delve into them now. The recent I'm particularly curious about the potential of BWB token for the Bitget wallet, set to launch soon with an airdrop in play.
What are your thoughts on the speculative potential of BWB?
Perhaps the one thing you need to consider here is their legality how big is bitget arent they gonna end up like previous exchange or will it be the next Bnb coin which succesfully make high or top coin now? Assuring growth of an exchange could be a difficut job but apparently Bitget has been seeing steady growth and it has reflected on bgb which could also impact on BWB. I can't speculate BWB performing like bnb because it's still in it's formative stage but bgb has the potential due to it growing use cases on the platform. Poolx was just introduced on the platform which allows holders of BGB mine new tokens at no cost.
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Kelward
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April 15, 2024, 07:40:33 AM |
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I've been wondering about wallet tokens too. They don't seem as popular as exchange tokens, but maybe that makes them a hidden opportunity. But 'm still unsure if I should invest in them. What do you think their long-term potential is versus exchange tokens? What purpose do they really serve anyway?
Wallet tokens are not as popular as exchange tokens, except for trust wallet which is a popular wallet, the other wallet tokens seems to be relatively unknown, perhaps they're worth looking into and they can make impacts in this bull run. Among the exchange tokens BNB is undoubtedly the most popular and a top altcoin to invest in, but in the end it's left for the investors, whether it's exchange or wallet tokens, to carry out research first before investing their hard earned money.
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Bitcoinpoly
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April 15, 2024, 02:28:52 PM |
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I've never been particularly drawn to either exchange or wallet native tokens, but I'm intrigued to delve into them now. The recent buzz surrounding BNB, OKB, and BGB has caught my attention. These tokens, especially BNB and BGB, have exhibited considerable strength, largely due to the heightened demand to participate in launchpool, launchpad and other related event that drive the demand for the use of these tokens
BNB has surged nearly 80% over the past year, while BGB has stolen the spotlight with an impressive 190% gain. Although OKB hasn't made any significant moves recently, its potential shouldn't be overlooked.
On the other hand, wallet tokens have also been performing decently, although perhaps not as strikingly as those from centralized exchanges. Among them, Trust Wallet and C98 Wallet have caught my eye. I have a hunch that wallet tokens might start showing impressive price action as we approach the post-halving period, thanks to an anticipated uptick in transactions. I'm particularly curious about the potential of BWB token for the Bitget wallet, set to launch soon with an airdrop in play.
What are your thoughts on the speculative potential of BWB?
No doubt BGB has been exceptional amidst other exchange tokens, its movement in compare to others can not be overemphasized, while BNB has also been moving great BGB on the other hand is taking the lead. $BWB also has the potential to breed such productivity, exchange token and wallet token with good prospect should never be neglected. Buy $BGB, $BNB and $BWB
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adaseb
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April 15, 2024, 04:00:03 PM |
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The main reason why the exchange tokens tend to appreciate in value is because they are delfationary. Usually after a month or quarter there is a burn cycle, so they are burnt.
Is it a good investment? It has its risks.
Remember FTX ? They had FTT which also was burnt from time to time depending on the amount of profit that was made from its trading fees, however since the exchange was a big scam, the token went to 0. So there is risks in investing in these. And besides BNB, the rest haven't been as profitable. So take caution with these tokens.
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ajiz138
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April 15, 2024, 04:06:50 PM |
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Maybe the BWB token will be almost the same as BGB because it's owned by the same exchange so there's not much difference or maybe anyone who uses web3 on bitget and holds BWB will have other benefits, it's a pretty big ecosystem some exchanges have web3 which always has events going on.
I didn't follow the initial airdrop even though it's still running now, it's not like I'm behind and they have a lot of points and also there are other reasons for not following it.
You know when you reach 500 points you get MEOW tokens if I'm not mistaken? Maybe in the future it will be like that if you use BWB tokens.
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Chibaba (OP)
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April 15, 2024, 09:06:04 PM |
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there are other reasons for not following it.
I am curious about your reasons for not taking part in the airdrop cos the airdrop is almost free except for the time spent performing tasks, tho I am currently taking part via satoshi app and considering joining the Bitget wallet task too after these interesting insights.
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Belarge
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Eloncoin.org - Mars, here we come!
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April 15, 2024, 11:09:20 PM |
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I've been wondering about wallet tokens too. They don't seem as popular as exchange tokens, but maybe that makes them a hidden opportunity. But 'm still unsure if I should invest in them. What do you think their long-term potential is versus exchange tokens? What purpose do they really serve anyway?
Keep your questions flowing in. Every project have a purpose for their existence. We should do our best to maintain balance in the system, though it's never going to be easy but with appropriate strategy, everything will pan out smoothly. Wallet tokens do exists but they become rare unlike exchange native tokens that become very promising in the future. When it comes to exchange native token, we should talk about BNB which happens to be the native token of Binance, a top crypto exchange and it have continue to lead in the market.
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batang_bitcoin
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April 15, 2024, 11:17:46 PM |
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The main reason why the exchange tokens tend to appreciate in value is because they are delfationary. Usually after a month or quarter there is a burn cycle, so they are burnt.
Is it a good investment? It has its risks.
Remember FTX ? They had FTT which also was burnt from time to time depending on the amount of profit that was made from its trading fees, however since the exchange was a big scam, the token went to 0. So there is risks in investing in these. And besides BNB, the rest haven't been as profitable. So take caution with these tokens.
I agree, not all th etime these exchanges native tokens are going to do well. Sometimes, we'll just be surprised with the scheme that they've developed with their token that they've been doing something crazy that we don't know. But the good thing with the others, they've proven their worth and that's why they're good investments. To mention the others, you have to do deep research about it and the nonstop advise about DYOR, it never gets old.
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Rent this sig space so that BTC goes to $100k.
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Vincom
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₿itcoin maximalist
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April 15, 2024, 11:59:28 PM |
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The main reason why the exchange tokens tend to appreciate in value is because they are delfationary. Usually after a month or quarter there is a burn cycle, so they are burnt.
Is it a good investment? It has its risks.
Remember FTX? They had FTT which also was burnt from time to time depending on the amount of profit that was made from its trading fees, however since the exchange was a big scam, the token went to 0. So there is risks in investing in these. And besides BNB, the rest haven't been as profitable. So take caution with these tokens.
If given the choice, I would choose tokens supported by CEXs because they have some value to users: paying transaction fees, receiving discounts on CEXs. The BNB token has the most features in the market, as it is used as a transaction fee on the BNB chain and gives holders the opportunity to participate in many launchpools & launchpads on Binance. The OKB token has also increased in price significantly, I do not use OKX so I do not know much about its information and OKB utilities. On the other hand, TWT of TrustWallet and C98 of Coin98 do not have much value, they only play a role in the DAO or receive a few small benefits within the ecosystem of that wallet application. I use TrustWallet but I do not hold TWT tokens either, I do not think it has more potential than BNB tokens.
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“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
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