I was wondering if we will be able to Trade ONAM TOKENS in other exchanges as well or just in the ONAM Exchange?
And listing will require ONAM token as fees or something ?
And listing will require ONAM token as fees or something ?
Interesting question, but I see Onam adopting the same method as Binance and have their token listed on only their exchange. This is a wise thing to do actually, as it will increase the value of the token.
If the value of the token rises sharply, it is probably an advantage if it is only traded on its own exchange. because all interested parties must then create an account there.
On the other hand, other exhanges might help increase the value of the token.
But I think Onam will be so successful, so the token is in good hands on the own exchange
If we make a comparison to Binance Coin that was only originally traded on the Binance exchange. Now it is traded on a few different exchanges. However investors will want to buy ONAM tokens on the ONAM exchange because otherwise traders will miss out on the benefits of holding the tokens on their exchange.
Now I had to see if that's true. because I always thought BNB can only be bought on Binance. But there are actually some other exchanges. But the volume is (with the exception of one) vanishingly small.
I still think that Onam Tokens should only be bought on the Onam Exchange
Yeah, I've spoken to the team and they confirmed that ONAM tokens will be exclusively traded on their exchange. Also, you will save 50% on fees if you hold the tokens on the exchange, so it makes sense to keep them on there.
Makes sense to drive demand on the platform. What do you mean by save 50% if you hold the tokens in the exchange? the 50% would be something like a bonus or you will get a 50% off on trading fee?
