Exchange native tokens Vs Wallet native tokens

Chibaba

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Quote from: GreatArkansas on April 23, 2024, 10:00:44 AM

Me, I do not agree with these wallet-native tokens. It's kinda of no real use case at all compared to these exchange native tokens where it has a lot of uses like trading fees, IDO, launchpad, IEO, etc.
Wallet native tokens for me are kinda bored or have fewer functions and uses compared to exchange native tokens.

Sorry for the late response but I think BWB is a bit different from other wallet tokens cos it will be used for gas fees across multiple chains, holders can also stake to earn reward, governance right and few many more
I think these utilities will have an impact on the token and with the rumors of launching their own Blockchain pretty soon; I will say let's keep observing with more optimism.

senyorito123

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Quote from: Chibaba on April 13, 2024, 04:41:07 PM

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?

This is a new exchange site for crypto, most probably the expectations will cause a hype when public adoption will commence successfully. BWB can be a potential rising asset when perfect time comes, but we should have long term patience as fud might attack this new born site. No one is exempted of that, all of us are vulnerable as different speculations might influence those not fully equipped with knowledge in cryptocurrency.

Mpamaegbu

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Quote from: Chibaba on April 13, 2024, 04:41:07 PM

What are your thoughts on the speculative potential of BWB?

I think it will do well and that will be based on the exchange's ability to have a working collaboration with other projects, especially mining projects and airdrops, and coax them to list on its platform. Airdrop projects gather a lot of noise and media attention and that will further help in exposing Bitget. Already, Bitget is gathering momentum as tap2earn, shake2earn, move2earn, claim2earn projects spring up on a daily. It's through one of such projects that I got to open an account with Bitget. Publicity is what pushes projects/products out there in the faces of the public for patronage. It's after this that people think of utility. Aggressive marketing is what Bitget needs to imprint its name in the heart and consciousness of the public. Once that's done, demand for its token will rise.

GreatArkansas

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Me, I do not agree with these wallet-native tokens. It's kinda of no real use case at all compared to these exchange native tokens where it has a lot of uses like trading fees, IDO, launchpad, IEO, etc.
Wallet native tokens for me are kinda bored or have fewer functions and uses compared to exchange native tokens.

Altcoiner007

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Quote from: nelson4lov on April 13, 2024, 04:50:35 PM

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.

I share in your line of thought about wallet's token performance. Although TWT have shown strength in sustaining market value, it's the utility for me. As much as the wallet is in use, their token still holds potential. I've looked at BWB token too. The wallet partnership strides is giving it much exposure. They recently Airdrop huge amount of meow to their users and that's generous to say the least. With that, I can expect more from their token.

Tipstar

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I might have limited knowledge about many of the coins but the success of an exchange token or a wallet token depends on the utility of that coin. Most of the exchange coin model are linked to exchange fees and that's a utility. Larger the number of transactions, more would be demand for the coin. Many of exchange tokens are not only limited to decreasing the trade fee but also have other utility like BNB as a gas for BSC. That makes BNB one of the most successful alts and the most successful exchange tokens. Wallet tokens too might have similar utility but as most people use wallet to just get, store and send coins, the wallet tokens might never be as successful as exchange tokens.

Phoenixtrader

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Quote from: nelson4lov on April 13, 2024, 04:50:35 PM

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.

Cake did reasonably well in the last bull run and there's potential for them in this coming run due to increased dex activities. For BWB alot has been said about it in the thread so you may go though and find out. But this would give you an idea. https://twitter.com/BitgetWallet/status/1779827794287247475?t=fIsSaqkHU0ovH_TcrpdDeg&s=19

AVE5

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Okay good with the above most of the native tokens has lucratively being attracted, sometimes I even forget that they're not in the exchange blockchains. Especially BNB, it has most been a considerable token to adopt due to its influence position it has played and gained admist considering reputable and great AltCoins. I've even recommended it to be one of the best AltCoins if investors has has to adapt to diversify their investment portfolios but meanwhile I haven't been rolling with it yet but I'm so much as that considering to adopt it too.

Vincom

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Quote from: adaseb on April 15, 2024, 11:00:03 AM

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.

batang_bitcoin

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Quote from: adaseb on April 15, 2024, 11:00:03 AM

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.

Belarge

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Quote from: Marvelman on April 13, 2024, 04:58:51 PM

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.

Chibaba

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Quote from: ajiz138 on April 15, 2024, 11:06:50 AM

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.

ajiz138

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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.

adaseb

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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.

Bitcoinpoly

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Quote from: Chibaba on April 13, 2024, 04:41:07 PM

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

Kelward

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Quote from: Marvelman on April 13, 2024, 04:58:51 PM

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.

Chibaba

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Quote from: cryptoaddictchie on April 14, 2024, 04:50:36 AM

Quote from: Chibaba on April 13, 2024, 04:41:07 PM

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.

electronicash

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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.

JeffBrad12

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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.

kentrolla

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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.

Topic: Exchange native tokens Vs Wallet native tokens (Read 315 times)