The scenario you are describing is no different to any other project with their tokens. if the project goes bust,their token goes also.
You said it yourself in the first part of the post, there is no use of token outside the exchnage and no community will change that.
Topic: Exchanges Tokens - page 20. (Read 33510 times)
I think that in the future exchanges will create some kind of opportunity so that their tokens can be paid outside of the exchange. and I think that it will be possible as soon as the positive movement in the market begins
It's is up to you whether you'll be a supporter of the exchange tokens you wanted to support. Nobody is forcing you to do so and it's your job to make yourself secured in cryptocurrency. The reason why they created a token is because that's a business and it's another way for them to profit or give profits to their supporters. The main thing you need to consider is if that exchange is good and ask yourself if those tokens are worth to invest to.
It is quite obvious that exchange tokens are representing a current trend, but the funny thing is that a lot of shitty exchanges have released their tokens as well, because they saw how great is Binance doing. But the problem is that they cannot keep the service level as Binance, thats why they are most likely to fail.
If the exchange don't find ways to make native coins to have demands it will soon be distrusted by investors. Binance has the clever way of doing it which projects are swapping to BEP and it needs BNB for it to happen. This is besides the fact that BNB is useful to lessen transaction fee. New exchanges attract investors for the opportunity the investors would get like dividends, it would seem like they are up to make investors stick to them for good. A tremendous challenge for them is how to make the exchange become well known so traders will use them.
As practice shows, exchange tokens show themselves quite well in the cryptocurrency market.
Only on condition that the exchange is large and has at its disposal a platform for conducting IEO.
There are not many such exchanges, and now their exchange tokens have already grown significantly in price.
However, now in the general recession of the market you can buy coins of such exchanges as Binance, Huobi, Kucoin.
Only on condition that the exchange is large and has at its disposal a platform for conducting IEO.
There are not many such exchanges, and now their exchange tokens have already grown significantly in price.
However, now in the general recession of the market you can buy coins of such exchanges as Binance, Huobi, Kucoin.
Exchange tokens are always profitable investment if the exchange has good volume and more pairs and altcoins because most of us prefer using exchange tokens for paying the transfer fee as it gives some sort of discount to us. I have closely witnessed the way BNB (Binance) grew up because of it's market dominant as most of the valuable tokens are launched through binance and the users need to have binance to buy the tokens during sale which makes them to swap their coins into BNB as a result it increases the demand thus increasing the value.
Exchange tokens are very useful to reduce transaction costs when trading compared to having to spend a lot of money if there are no token exchanges. at this time the token has been widely used as an investment because of its use, therefore the value of an exchange token will continue to grow if the exchange can grow with many users
I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
It's exactly what binance is doing. And whatever the binance does is followed by others. A healthy exchange coin is also an indicator of a healthy exchange. But again sticking to just what works might cause problems in the future. The currently popular exchanges were not here a few years back and the market demand would change sooner than we realized. So, it's also how dynamically an exchange could cope with the changes that would decide the future of exchange based tokens.
As practice shows, exchange tokens show themselves quite well in the cryptocurrency market.
Only on condition that the exchange is large and has at its disposal a platform for conducting IEO.
There are not many such exchanges, and now their exchange tokens have already grown significantly in price.
However, now in the general recession of the market you can buy coins of such exchanges as Binance, Huobi, Kucoin.
Only on condition that the exchange is large and has at its disposal a platform for conducting IEO.
There are not many such exchanges, and now their exchange tokens have already grown significantly in price.
However, now in the general recession of the market you can buy coins of such exchanges as Binance, Huobi, Kucoin.
Exchange tokens are always profitable investment if the exchange has good volume and more pairs and altcoins because most of us prefer using exchange tokens for paying the transfer fee as it gives some sort of discount to us. I have closely witnessed the way BNB (Binance) grew up because of it's market dominant as most of the valuable tokens are launched through binance and the users need to have binance to buy the tokens during sale which makes them to swap their coins into BNB as a result it increases the demand thus increasing the value.
I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
First of all I will like to say you made a good point by saying if the exchange having its token closes, then the token itself will be worthless. This is true because the principal use of the exchange token is within the exchange either as a base pair, for listing or trading fees or for IEO whichever. But I will also like to point out that some exchange tokens are used outside the exchange, I recently used KCS on playgame and also it can be used for bookings on travala. I've also seen some use cases of BNB outside the exchange. But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
I agree with your concern, but you mentioned the wrong example! BNB, KCS, HT shouldn't be an example of such a case! These coins are proven gems, and they are already listed on many top exchanges! Consbit, Etherdelta, Nauticus can be examples here. Consbit exchange has huge fake volumes, and their coins yet to get value. Nauticus seemed a top-class project, but the token die with its exchange! Etherdelta initiated its token, but the plan was failed! So, they should go to a different strategy! they may list tokens on other big exchanges, as the Bancor did, because, without an active community and use cases, your coins will be dead!
Most of the exchanges tokens are very useful because which exchanges strongly supported their own tokens. But i'm highly appreciated Kucoin Share because it’s ambition is something different from others tokens likes if you will invest here you can get weekly ROI though very little amount but it’s running from the last a couple ot years. In that case KCS is the most effective coin which is useful in the other platform. Another one is BNB tokens but i don’t know it’s working or not in regarding passive income.
I agree with you, it is true that many coins are launched on project Exchange or market exchange. One of their advantages for a fee or for staking on the market.
But if there is no good community yes it will affect the price of their project. Like Binance experienced a considerable decrease in and up when the coin need for IEO.
But if there is no good community yes it will affect the price of their project. Like Binance experienced a considerable decrease in and up when the coin need for IEO.
I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
it has been thought about in advance by the community, how tokens do not die after launching into the market exchange and continue to be used outside the exchangers themselves.But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
I have an idea, that state electricity payments use tokens, so the estimated electricity costs remain to fiat, then the way to pay is to buy tokens in accordance with the fiat estimate to the electricity costs.
if anyone agrees with my idea, I will be happy to discuss with you, and let's make this project with the launch of a new token specifically for electricity payments.
expansion has actually been done, especially coins which are final with their own chains. This is also effective for inter-market transactions with lower fees, so this is a new alternative compared to coins that are familiar with withdrawal mode. All CEOs want it because on average their coins can fall even further when the price of the BTC goes down. So it is very unhealthy to stand on a single market exchange.
There is no doubt that a token should have use case, that is the only way the token can enjoy the backing of the community. An exchange token already have a use case in my opinion because it can be use for many purpose on it exchange.
I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
Luckily those exchange that launch of 2017 with its own coin or token, has already gain much value in terms of price, Like Binance coin (BNB) i was remember when i first trading on Binance, I use BNB just for fees, and its the same with other exchange too! Back at those times Binance is just a raw exchange without any other token utilization or use but just for fees, But if we talking about with the new established exchange in 2019 with its own token/coin, I dont think it will be like a (BNB) in the future or just like IDEX. Since things has change a lot in the crypto industry. Other causes was the lack of innovative approach for the utilization and usecase of there native token/coin plus the unfavorable market condition that we experiencing today maybe thats the reason why some of the crypto exchange today are slowly fading away, and relying much support from a so called community is just an option due to the strong competition between cryptocurrency exchange globally thats why we cant expect loyalty among traders. That was just my opinion and im not an expert! But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
Market capacity is really needed to build strength from the tokens or coins. Usually, exchanges give discounts when making transactions using exchange coins, so that it increases its functionality. In addition, the strategy used by Binance in IEO, through the BNB holding system can be emulated because it is effective enough to increase demand, so BNB prices rise several times.
This is why exchanges creatres their own coins so they can still earn more in their platform at the same time gain supporters that can help their platform to attract more investors. So no popular exchanges will ever list other exchange token since it will seems like their promoting also that exchange. To be able to gain price in trading the company should do some development or updates like what BNB do. I cannot exactly imagine how a certain exchange token could be of use outside the exchange. If it has other purpose such as being a currency or what, it cannot be an exchange token anymore. It has to be a token which is independent from the operation and function of the exchange. Exchange tokens are normally used within the exchange itself, whether as a share or as a token for lower fees and other functions.
As good and valuable as bnb token is do not tell me that its not available on other exchange? this makes no difference to me, a new exchange token is the only ones that needs to first make sure that the exchange gets better and the token is useful of the exchange before listing it on other exchanges 
Market capacity is really needed to build strength from the tokens or coins. Usually, exchanges give discounts when making transactions using exchange coins, so that it increases its functionality. In addition, the strategy used by Binance in IEO, through the BNB holding system can be emulated because it is effective enough to increase demand, so BNB prices rise several times.
As practice shows, exchange tokens show themselves quite well in the cryptocurrency market.
Only on condition that the exchange is large and has at its disposal a platform for conducting IEO.
There are not many such exchanges, and now their exchange tokens have already grown significantly in price.
However, now in the general recession of the market you can buy coins of such exchanges as Binance, Huobi, Kucoin.
Only on condition that the exchange is large and has at its disposal a platform for conducting IEO.
There are not many such exchanges, and now their exchange tokens have already grown significantly in price.
However, now in the general recession of the market you can buy coins of such exchanges as Binance, Huobi, Kucoin.
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