Exchanges Tokens - page 16. | Bitcointalksearch.org

Pamadar

legendary

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Quote from: pgbit on November 17, 2019, 09:18:23 PM

Exchanges tokens used to be an exclusive club but after what BNB and KCS did in those mad 2017 pumping days and early 2018 days where the hype was still on, so many exchanges started popping up with their own tokens and some of these exchange's were so half baked that they didn't even survive their first few months of operations, the market became saturated with exchange tokens and people came to realise that being an exchange token doesn't guarantee that it would succeed and no amount of marketing could change that, the exchange has to prove itself now and investors in it's tokens would follow.

The working product will give life to exchange tokens, if the business play well and become successful the token that they are carrying also gain
the same fate, that's what we've seen from the past with how BNB, Houbi and KCS performed those projects reach investors interest and still
getting more players to join the investment features of those projects. Make sure to always find time to investigate if you are planning to support
old and new exchange tokens.

ajiz138

hero member

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Every Exchange Coins owned such as Binance, Yobit, Kucoin, Huobi and others, they already have the strength of their respective communities that support the development of their coins. Although only listing on their own market, the growth of coins is still good because there are some advantages and low costs when using internal coins for trading costs. The best example of a successful Exchange coin is BNB Binance, BNB is not only on the Exchange Binance, but on other exchanges, this shows that BNB is able to penetrate the external market and can succeed, this is due to the strength of the community and the popularity of the Binance itself.

Sithara007

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Quote from: cutesgirl on November 17, 2019, 09:12:39 PM

BNB token looks good for investor because always have new update from BNB owner how to make their coin can raise with higher price, from get best partner with BNB coin until burn their coin last month to get higher price for BNB, if you look best assets investment for the future not wrong to invest with BNB coin because you can get much profit every month from BNB.

BNB will be profitable as long as the Binance exchange remains profitable. But operating a cryptocurrency exchange is a risky business and there are multiple risk factors involved here. Hackers targeting the exchange wallet and stealing coins is one of the foremost concerns. Even Binance was targeted earlier this year, and close to BTC7,000 in funds stolen from its wallets. No matter how many security precautions you take, you can never protect yourself 100% from the hackers.

Another concern is regarding the legal status. Binance was forced to move all of its US customers to a separate platform, after the authorities there asked them to do so. They were forced to make KYC mandatory for users withdrawing more than a certain threshold in cryptocurrency. With the attitude of the governments getting more and more hostile, I am not sure for how long the business model of Binance would remain viable. Third concern comes from the competitors. Just because they are the top exchange right now, there is no guarantee that it will remain like that in the near future.

btc-facebook

legendary

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Quote from: pgbit on November 17, 2019, 09:18:23 PM

Exchanges tokens used to be an exclusive club but after what BNB and KCS did in those mad 2017 pumping days and early 2018 days where the hype was still on, so many exchanges started popping up with their own tokens and some of these exchange's were so half baked that they didn't even survive their first few months of operations, the market became saturated with exchange tokens and people came to realise that being an exchange token doesn't guarantee that it would succeed and no amount of marketing could change that, the exchange has to prove itself now and investors in it's tokens would follow.

too many follow the path like Binance and Kucoin who have their own tokens, and most of them do not last long, even though there is no guarantee that the token exchanger will soar,
I think investors have also begun to realize, which tokens are good and which are not, even if the project already has an exchanger product. there is no guarantee with it all.

pgbit

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Exchanges tokens used to be an exclusive club but after what BNB and KCS did in those mad 2017 pumping days and early 2018 days where the hype was still on, so many exchanges started popping up with their own tokens and some of these exchange's were so half baked that they didn't even survive their first few months of operations, the market became saturated with exchange tokens and people came to realise that being an exchange token doesn't guarantee that it would succeed and no amount of marketing could change that, the exchange has to prove itself now and investors in it's tokens would follow.

cutesgirl

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Quote from: adjed on November 17, 2019, 08:59:17 PM

Do you know why the BNB tokens turned out to be the most valuable exchange token right now and has maintained that position for years? It's simply because the exchange went from new to being the best in such a short period of time, this meant more and more users in the exchange and that meant more and more people using the token for a 50% discount in fees, what I am trying to say is that Binance seemed not to focus on their token at the beginning, they were focused on the exchange itself and improving it and making it the best out there, the boost in token price quickly followed when they added more and more utility to it, new exchanges should learn from this great example.

BNB token looks good for investor because always have new update from BNB owner how to make their coin can raise with higher price, from get best partner with BNB coin until burn their coin last month to get higher price for BNB, if you look best assets investment for the future not wrong to invest with BNB coin because you can get much profit every month from BNB.

adjed

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Do you know why the BNB tokens turned out to be the most valuable exchange token right now and has maintained that position for years? It's simply because the exchange went from new to being the best in such a short period of time, this meant more and more users in the exchange and that meant more and more people using the token for a 50% discount in fees, what I am trying to say is that Binance seemed not to focus on their token at the beginning, they were focused on the exchange itself and improving it and making it the best out there, the boost in token price quickly followed when they added more and more utility to it, new exchanges should learn from this great example.

Broiler78

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development is needed in exchange tokens, if the partners can work well together. I think both of them are really needed, if one of them is lost then the token will disappear slowly and become a garbage token.

oscarftw

sr. member

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I lost my trust after entering the cryptocurrency again, when wallet and blockchain coins are doing great. Swapzilla idea is quite different than exchange. Now exchange is more than real demand. I just tired to open new exchange wallet and different withdraw fee. Good amount exchange coin are down for low users and volume

Hypnosis00

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Quote from: NewRanger on November 17, 2019, 06:47:50 PM

Quote from: bitkanu on November 17, 2019, 06:35:44 PM

Quote from: ?? on ??

Exchanges launch their own codes and bring their own opportunities. like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO, etc ... it's a good way to pay fees to support tokens that are of great help to investors.

Not all of the exchange tokens are useful. They are taking their own opportunities without giving so many advantages to the users to use the token. Fees will always be applied even when you are not using that token too. It's not a way to help the exchange site but when you are trading there and you have already helped it a lot

only exhanges that create ecosystem will usefull.So far only few exchanges that applied their token in ecosystem and it could used by their customers.for example ,binance coin and huobi that must be holder if we want to participate in IEO at these platform.usually it required so many token amount if we want to free from trading fee charge.and eterbase be example for this.

They'll get too far from the others because they are working hard on it, they dedicate themselves to the success of their goal which somewhat missed with the other exchanges. Our support and trust help them to succeed also but because we believe that they can be trusted as well and they don't want to make us disappointed as what they've promised to the community.

Aabcde

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This can be assessed from the exchange itself. Is the exchange crowded with people or not. Besides tokens like BNB, KCS, IDEX will be more durable and clear for use than tokens that do not have their own community but have launched them through their own exchanges.
Tokens such as BNB, KCS, IDEX are more desirable because they already have a large community that has traded their funds millions of dollars. And also the performance of the exchange has met the needs of its users so when they launch their own coins or tokens, I'm sure users will definitely be happy to buy them.

NewRanger

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Quote from: bitkanu on November 17, 2019, 06:35:44 PM

Quote from: ?? on ??

Exchanges launch their own codes and bring their own opportunities. like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO, etc ... it's a good way to pay fees to support tokens that are of great help to investors.

Not all of the exchange tokens are useful. They are taking their own opportunities without giving so many advantages to the users to use the token. Fees will always be applied even when you are not using that token too. It's not a way to help the exchange site but when you are trading there and you have already helped it a lot

only exhanges that create ecosystem will usefull.So far only few exchanges that applied their token in ecosystem and it could used by their customers.for example ,binance coin and huobi that must be holder if we want to participate in IEO at these platform.usually it required so many token amount if we want to free from trading fee charge.and eterbase be example for this.

bitkanu

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Quote from: ?? on ??

Exchanges launch their own codes and bring their own opportunities. like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO, etc ... it's a good way to pay fees to support tokens that are of great help to investors.

Not all of the exchange tokens are useful. They are taking their own opportunities without giving so many advantages to the users to use the token. Fees will always be applied even when you are not using that token too. It's not a way to help the exchange site but when you are trading there and you have already helped it a lot

Mumbeeptind1963

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Quote from: enhu on November 17, 2019, 02:22:38 PM

As long as there are traders on that exchange, the token may not die. But once the exchange loses trust from the traders for some other reason probably the exchange got hacked, traders may lose confidence to the platform and eventually sell their native tokens. What could happen is that the exchange can hardly find users to register to them. Native tokens are very much limited to their purpose.

Yes it is, those exchange tokens can be found in different exchanges already too, and it goes well. As long as the coin has a supporter, investor and trader it will never die and it will never be delisted in the market, as what we can see most of the exchanges having their own creation of coin tend to be one of the top coins on the market because they use their coin in some pairs too with having a discount or an additional in every purchase I think.

#Darren

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Currently, it is a growing trend, and it is obvious that exchanges that have a good trading volume are releasing their tokens and forcing people to buy their tokens to be eligible for different IEO projects or fee reduction.

Kiefner

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Quote from: babicena14 on November 17, 2019, 03:37:46 PM

You're right. If the exchange tokens will not be used for any useful purposes, it can be very bad for the prospects of these coins. Therefore, I fully agree with you.

Yes, in addition, if the exchange is known, it gives their coin more advantages. If you properly think through the idea of the project and the purpose of using such a coin, then success is guaranteed.

babicena14

full member

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You're right. If the exchange tokens will not be used for any useful purposes, it can be very bad for the prospects of these coins. Therefore, I fully agree with you.

enhu

legendary

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As long as there are traders on that exchange, the token may not die. But once the exchange loses trust from the traders for some other reason probably the exchange got hacked, traders may lose confidence to the platform and eventually sell their native tokens. What could happen is that the exchange can hardly find users to register to them. Native tokens are very much limited to their purpose.

albrots

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Token exchanges are not only used in their own exchanges, but there are exchanges that have well-known tokens such as BNB which have been listed on many other exchanges. BNB is not only used for trading costs in bination, but is also used as a condition to be able to follow IEO. Members who follow IEO must have several BNB coins. BNB successfully touched the entire market and is becoming a popular coin today that makes binance more famous.

isaac_clarke22

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Looking at Binance, it seems that it will already support itself with its reputation. I don't think that such major promotion is still needed for that large of an exchange. Every traders in Binance should already see it as a big structure, although it won't hurt for them to continue to promote their exchange through content creation in articles and such.

Topic: Exchanges Tokens - page 16. (Read 33500 times)