Topic: Exchanges Tokens - page 3. (Read 33517 times)
Use this in the time of processing of one token having valuable to become profit or a coin that have successfully reach their target. Exchange tokens a process of coins having a value to make profits.
Yes you are right. At this moment most of the exchanges have their own native token. And most of those token only use in exchanges. So if a exchange shut down the token has no value. But now a day many exchanges launch thei own chain to support the token. Like binance ,it has now a platform and a platform supported Dex so if binance have any trouble the coin maybe can live. Cause it will use in the platform. So yeah exchanges more often promote thei native token and introduce it to other fields. That's it.
Indeed there have been a lot of successful coins lately because the exchange itself supports all exchanges through these coins, while coins that do not have their own market will mostly be abandoned little by investors, so it's no wonder that coins that have their own markets have the potential to continue to increase.
Most exchanges launch their native tokens in order to look for more ways of getting a possible profit. And by launching their native token it will be a great promotion of their platform. with the use of their native token, it will give the users lots of benefits like less transaction fees, they can also use it as collateral on their trading, pay for the trading fees, and a lot more.
well indeed this method has many functions from the exchange and can provide a lot of profit for their platform so that currently the average large exchange has its own token, as happened a few days ago the Uniswapp exchange distributed tokens to those who had traded on the exchange and the value of the token is very expensive because it is listed on the Binance exchange. 
My opinion, exchanges create their own tokens to receive profits for the platform's visibility thus obtaining profits to cover the costs of the website and servers, in addition to gaining the advantage of handling their own token!
It's like you said, and OP is also right about his claims, but Binance is nor more than exchange token, they are like Ethereum,
a Blockchain that can be used for creating smart-contracts. That make Binance coin so different from other exchange tokens,
created on other chains.
I think they work hard to make the profit, and why would they stop with that? As long as they are doing good job, they
will have supporters and users, and that can lead to the price rise in the future.
My opinion, exchanges create their own tokens to receive profits for the platform's visibility thus obtaining profits to cover the costs of the website and servers, in addition to gaining the advantage of handling their own token!
They seem to be popular these days , I think it was binance first brought the idea and after that one after each other added their own tokens , I remember bnb was around 1$ first in the first days , and now around 30$ , even DEX exchanges are doing that too and today Uniswap introduced Uni token which has been added to binance and several exchanges in the first day!
I tried to claim my UNI token since I've quite used UNIswap for the most failed part of trying arbitrage trading. But then seeing the transaction fee will cost $16 each transaction! Hollyfuckingcow whos the president of the USA?
Anyway if its price is going to climb up eventually its still worth claiming as its price right now is more than $3. I still got $1200 for each wallet I have tried using there.
Most exchanges launch their native tokens in order to look for more ways of getting a possible profit. And by launching their native token it will be a great promotion of their platform. with the use of their native token, it will give the users lots of benefits like less transaction fees, they can also use it as collateral on their trading, pay for the trading fees, and a lot more.
I think promotion of the exchange is one key role that the coin play. Talking about the binance coin, the exchange wasn't very popular until the growth of bnb. At least for me, I didn't know of the exchange until the coin started being popular. Agreed to other points too, like fees and collateral.
Most exchanges launch their native tokens in order to look for more ways of getting a possible profit. And by launching their native token it will be a great promotion of their platform. with the use of their native token, it will give the users lots of benefits like less transaction fees, they can also use it as collateral on their trading, pay for the trading fees, and a lot more.
They seem to be popular these days , I think it was binance first brought the idea and after that one after each other added their own tokens , I remember bnb was around 1$ first in the first days , and now around 30$ , even DEX exchanges are doing that too and today Uniswap introduced Uni token which has been added to binance and several exchanges in the first day!
Binance coin is the only exchange coin that you need. Others tried to copy the successful one, but when you see at the price, progress, use case, BNB is the winner. I did a mistake by buying exchange coins like Kucoin, QASH, and COSS - all of them brought me a huge loss.
you are right also, token of an exchange should be make popularize in other exchange for benefit of investor, even though their is a belief that the token cant have issue, it should popularize out side to have:
1. increase in value of the token
2. To give investors confidence
3. To increase rate of demand
4. Market acceptability
1. increase in value of the token
2. To give investors confidence
3. To increase rate of demand
4. Market acceptability
the best token exchange to date in my opinion is BNB other than that nothing else, BNB has a great future developments that always look positive
Apart from that the BNB volume is high on every exchanger it's not wrong if you invest in BNB and I continue to invest in BNB until now
BNB top the profitable list of potential exchange token with all the use cases attached to it but has not done so well since last year pump. The recent pump was a trap when the whole market was even dumping. The new blockchain has not done so well but market reaction cant ruled out in the next few weeks. I think exchange token should have more use cases to adapt to the presence market Apart from that the BNB volume is high on every exchanger it's not wrong if you invest in BNB and I continue to invest in BNB until now
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.
Thats the downside of exchange coins. You cant promote them outside of your exchange. The reason they exist is solely because of the exchange. This is the risk because no exchange will forever stay up so there is a ceiling for each one of these coins and they only have temporary use. Too much risk for not enough reward, I'd steer clear of any exchange coins.
I think that the exchange tokens are very good if you pick them up.early or if you are a daily trader who trades with large amounts.this way you can get to save some commission.
Depending on the exchange too, if the exchange is still bad or still in the low category, the token will automatically be worthless, so in this case it is also necessary to see which exchange is good and how the token is developed by the 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.
I believe exchange tokens are very useful and they are mainly built to be used in that particular exchange, most times its been used for reducing trading fees in the exchange, although not all exchange tokens have a strong community,but an exchange like binance has found a way to build a very strong community for bnb by releasing several airdrops for Bnb holders, I have witnessed it, and in order for anyone to participate in any ongoing IEO on binance, they need to have a particular amount of bnb, I don't see bnb token becoming worthless anytime soon. 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 think that the exchange tokens are very good if you pick them up.early or if you are a daily trader who trades with large amounts.this way you can get to save some commission.
having a community or having an ecosystem outside the exchange is good enough to drive their token exchange rate.
however there is no guarantee or support for long-term use if they dont integrated with their internal features or network.
So I think the ecosystem development on the exchange should be maximized in their system first, add more and original new feature.
and then can expanding out from their network.
in that way it will ensure the sustainability of their token on the market.
however there is no guarantee or support for long-term use if they dont integrated with their internal features or network.
So I think the ecosystem development on the exchange should be maximized in their system first, add more and original new feature.
and then can expanding out from their network.
in that way it will ensure the sustainability of their token on the market.
Launching a separate token for each exchange just to get some incentives in trading, get shares from the transaction fee pool, join the IEO, and some other benefits. Depending on the exchange's strategy, how valuable their tokens are. Not any exchange that creates their tokens is good because they need to be very creative for people to buy and keep them.
yes, I also agree as you have said. how valuable would their token be if the team could not market their own coins or get investors to buy their coins was not enough. Most of the traders are attracted by the top exchanges based on high coin trading volume and coin adoption is also increasing. such as Binance exchange and BNB coins. 
The main reason exchange create their own tokens is to bring more volume to their exchanges, they offer some features you could do only with that tokens like Voting, etc but the bad news is if that exchange get hack or a small leakage the price fell down like a freefall, I guess that makes that tokens Centralized and we cant call exchange tokens Decentralized tokens!
or in other word this used for utility in exchanges ecosystem. as we know some some exchanges have IEO launchpad and they have term for investors that want to participate, for excample binance required each investors to hold bnb to participate in IEO. while exchnges hacked , its not only exchanges token that effected, all cryptocurrency will get same impact Jump to: