Exchange tokens all the way - page 4.

Chuky92

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Quote from: Williamm07 on April 08, 2021, 10:47:29 AM

It's a good time to take some risk with exchange tokens, remember that exchanges tokens are more capable too when bull is alive, last month WazirX, a crypto exchange project that no one is talking about was at 0.08$ and now it's 4$, some are already underestimating ToKOcrypto, another exchange token from binance again, though this isn't a financial advice but how can we change our lives for good if we don't take some risks?

That is true and I agree with you. Exchange tokens are some tokens which shouldn't be overlooked because of what they goes with, that is, in as much as the exchange in question is a good exchange whose team are really ready to move it to the next level, then buying and holding it, will be a good idea. At the same time, it is very good to know what not all exchange tokens are meant to be held for long term, that is, there are exchanges which lacks what it takes to last long term and through holding such tokens, the user will only end up wasting his time and money. So in all ramifications, holding a good exchange token is very good and a good idea as well, Binance and Kucoin coins are good examples.

mr.robot8

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in my opinion the risk in investing in exchange tokens or in normal tokens or altcoins is the same perhaps the exchange tokens have only a small percentage more of fast growth in value but even this is not said, it is not safe, it is always a gamble

Princeofpoetry

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Quote from: dogtana on April 27, 2021, 03:14:02 AM

Clearly Mandala Exchange Token is the next BNB, since Mandala Exchange shares Binance liquidity.

I just heard about this token, after I found out that the Mandala Exchange Token has been listed on uniswap and bilaxy. I checked the sc https://etherscan.io/token/0x947AEb02304391f8fbE5B25D7D98D649b57b1788#balances Binace being the largest holder with 60%. I think this exchange tokens has great potential

shogun47

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Quote from: lxiaoh on April 27, 2021, 02:59:34 AM

Since the success of BNB，exchange tokens obviously are a good point to invest，but not all of them are profitable，plz researching before you are investing in.
Besides，i think OKB is another potential exchange token, might be this is another BNB.

No, it doesn't work that way. People fall for the hype. They may sometimes be right, but only rarely. Tesla is a successful investment. If tomorrow someone in the USA launches Tesla 2, would you buy it? That's not the right strategy.

Koro-Sensei

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Yeah and more are coming I guess. Started by Binance and now many are having the same prospect and for me the best are those having a decentralized exchange tokens which is far more great than CEX. Try SOVRYN platform which is also a DEX having a DeFi for Bitcoin, the first in its kind and in its early age.

FanEagle

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Quote from: naikturun on April 27, 2021, 01:44:47 AM

if I have to choose I will only keep TKO and BNB because the two coins work together and Tko is backed up by Binance so I think it will be safe for the long term even though Tko has just released and is still sharing its airdrop program for the next 3 months.
It will be safe if you choose the right coins, binance has a lot of events going forward and also tokocrypto which is a partner of binance.

I guess that is not TKO as this tko token is being traded only on kucoin exchange and not in binance.
You must need to check for right abbreviation before finalizing your financial decisions. I already heard about another sister concern of binance from Indonesia but I guess that must be being traded on binance itself and not only on kucoin.

Edit:
TKO is not tokocrypto.
Please make sure what you are referring.
The right coin (binance's) https://coinmarketcap.com/exchanges/tokocrypto

And TOK is https://coinmarketcap.com/currencies/tokoin

dogtana

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Clearly Mandala Exchange Token is the next BNB, since Mandala Exchange shares Binance liquidity.

lxiaoh

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Since the success of BNB，exchange tokens obviously are a good point to invest，but not all of them are profitable，plz researching before you are investing in.
Besides，i think OKB is another potential exchange token, might be this is another BNB.

naikturun

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if I have to choose I will only keep TKO and BNB because the two coins work together and Tko is backed up by Binance so I think it will be safe for the long term even though Tko has just released and is still sharing its airdrop program for the next 3 months.
It will be safe if you choose the right coins, binance has a lot of events going forward and also tokocrypto which is a partner of binance.

Rampagoe004

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All who can benefit there must be risks, especially in the crypto world because in investing we always have to be prepared to suffer losses if we want to make a profit and now is the right time to invest in some altcoins because many coins today can benefit but we also have to see the potential of a coin so as not to take wrong action.

Henrobakkara

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Quote from: Williamm07 on April 08, 2021, 10:47:29 AM

It's a good time to take some risk with exchange tokens, remember that exchanges tokens are more capable too when bull is alive, last month WazirX, a crypto exchange project that no one is talking about was at 0.08$ and now it's 4$, some are already underestimating ToKOcrypto, another exchange token from binance again, though this isn't a financial advice but how can we change our lives for good if we don't take some risks?

I believe that exchange token are good to invest in especially if they serve a purpose which I should think most exchanges that are coming up with their own token will have some sort of usefulness for them withing the exchange. Hodl them and have less transaction fees or have the ability or access to some functions within the exchange and so on. without any useful usage, i dont see the need for them.

dunfida

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Quote from: sulendra12 on April 26, 2021, 06:09:44 PM

Quote from: Williamm07 on April 08, 2021, 10:47:29 AM

last month WazirX, a crypto exchange project that no one is talking about was at 0.08$ and now it's 4$, some are already underestimating ToKOcrypto, another exchange token from binance again,

I do really like when coin has real use case in the world such as BNB on Binance and other working exchanges available on the internet. This is what makes these type of coins alive until now, because they are being used not just scam-ass bullshit altcoin without any real world use at all.

Probably if they are develop the coins really well, we will see another BNB real soon.

Yeah, we do need coins which does have actual utility not just on making some exchange token just for them to get in on what the current hype but in behind those arent just
different into those most shitcoin or repetitive coins in the market and this what makes BNB is ahead among into those exchange tokens that existing as of today.
Not only just been dragged of with the platform popularity but it does really has some real usage which the masses do really like on.

sulendra12

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Quote from: Williamm07 on April 08, 2021, 10:47:29 AM

last month WazirX, a crypto exchange project that no one is talking about was at 0.08$ and now it's 4$, some are already underestimating ToKOcrypto, another exchange token from binance again,

I do really like when coin has real use case in the world such as BNB on Binance and other working exchanges available on the internet. This is what makes these type of coins alive until now, because they are being used not just scam-ass bullshit altcoin without any real world use at all.

Probably if they are develop the coins really well, we will see another BNB real soon.

tabas

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Quote from: Cappex on April 26, 2021, 03:20:01 PM

I think that the bullish trend on exchange tokens started from Binance but for a reason linked to the high fees and low scalability of Ethereum and therefore not necessarily linked to exchange tokens.
Unfortunately, the BNB train had left but I got on the Kucoin KCS train because I believe they could build a new ecosystem around their token.

The solution that they've brought up to lessen the fees by holding their utility token is effective. From the trading fees and other incentives that it gives to the holders.
That's very encouraging which have made the users stay on their platform and made many of the eligible from promos and airdrops that's happening inside the exchange.

ingiltere

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Quote from: akar87 on April 25, 2021, 11:01:06 AM

Not all exchange coin is worth and always profit, check with Indodax coin exchange or TEN and catex coin exchange keep lower price until several years launching to public, just BNB, HT and KCS as worth and potential exchange coin right now I think and have higher price, better looking with popular exchange and buy their coin.

Add these to GT Gate Token, their performance is good too. Gate.io products are quite good, they have startup, voting system for new listing and airdrop based on VIP tier, daily points used for trading fees etc. That's why GT has value, just like BNB and KCS.
Honestly I didn't even heard of Indodax or Ten and I know Catex is pretty small so when we talk about exchange tokens we should only check for majors. They prove their worth over time, they don't go high just because of they are exchange tokens.

abel1337

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Quote from: Cappex on April 26, 2021, 03:20:01 PM

I think that the bullish trend on exchange tokens started from Binance but for a reason linked to the high fees and low scalability of Ethereum and therefore not necessarily linked to exchange tokens.
Unfortunately, the BNB train had left but I got on the Kucoin KCS train because I believe they could build a new ecosystem around their token.

It's not just Binance but some of the big Decentralized exchanges such as Pancakeswap, 1inch, Uniswap, and other Dex. BNB is an old token but it recently got the spotlight when it becomes one of the important chains in cryptocurrency. Speculations on BNB are also big, Remember when people speculate that BNB will replace ETH? because BNB just solved the major problem of ETH at that time which is high gas fees.

As long as the exchange token has a real purpose, Its value will rise.

Cappex

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I think that the bullish trend on exchange tokens started from Binance but for a reason linked to the high fees and low scalability of Ethereum and therefore not necessarily linked to exchange tokens.
Unfortunately, the BNB train had left but I got on the Kucoin KCS train because I believe they could build a new ecosystem around their token.

shogun47

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Quote from: akar87 on April 25, 2021, 11:01:06 AM

Not all exchange coin is worth and always profit, check with Indodax coin exchange or TEN and catex coin exchange keep lower price until several years launching to public, just BNB, HT and KCS as worth and potential exchange coin right now I think and have higher price, better looking with popular exchange and buy their coin.

I would make sure to only buy an exchange coin that is fully transparent about their operating numbers. Some seem to have a token, but you can't really verify whether the numbers they publish are actually true.

What's the point of buying an exchange token if you get scammed in the end.

akar87

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Not all exchange coin is worth and always profit, check with Indodax coin exchange or TEN and catex coin exchange keep lower price until several years launching to public, just BNB, HT and KCS as worth and potential exchange coin right now I think and have higher price, better looking with popular exchange and buy their coin.

Emitdama

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Quote from: Williamm07 on April 08, 2021, 10:47:29 AM

It's a good time to take some risk with exchange tokens, remember that exchanges tokens are more capable too when bull is alive, last month WazirX, a crypto exchange project that no one is talking about was at 0.08$ and now it's 4$, some are already underestimating ToKOcrypto, another exchange token from binance again, though this isn't a financial advice but how can we change our lives for good if we don't take some risks?

The thing is that those coins or tokens that you have mentioned are not popular, only few people knows about them, so you will hardly see anyone talking about them in the market. That’s why people are hardly choosing to invest in these coins, and also the fact that they are not popular and don’t heavy support like Bitcoin and some top altcoins does discourages people from investing their money in these tokens.

But, if you can find any token and based on your analysis you’re believing it will grow, then it wouldn’t be bad if you invest in it and watch it grow to a higher price.

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