Exchange native tokens Vs Wallet native tokens - page 2.

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

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

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

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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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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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.

Chibaba

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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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