Exchanges Tokens - page 5. | Bitcointalksearch.org

witbla

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Quote from: hwteeer on July 21, 2020, 04:55:51 PM

Interesting and rational, cause usually people just follow what everyone follows. But I love your strategy more, it is deeper and more objective. And are there many solutions you can outline that follow your requirements? Curious to hear

Nope, not many. I would only outline Clintex io. This is a new type of software platform aimed at transforming the medicine development industry through the application of predictive analytics, machine learning, and the novel use of blockchain technology and smart contracts in clinical trials. They are to bring down the cost of medicine and improve the speed to market of new medicines for the people who need them, through vastly reducing development costs for the global pharmaceutical industry. Google them and check the website

hwteeer

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Quote from: witbla on July 21, 2020, 04:55:33 PM

Basically, mine is the pretty complex - I am starting with the niche. For example, talking about me, I am fond of different progressive solutions. After the niche is chosen, I have a look at the solutions that are having the highest ratings along with real feedback from users. And then I am also evaluating things on my own, paying attention to team, opportunities and more

Interesting and rational, cause usually people just follow what everyone follows. But I love your strategy more, it is deeper and more objective. And are there many solutions you can outline that follow your requirements? Curious to hear

witbla

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Activity: 154

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Quote from: hwteeer on July 21, 2020, 04:54:36 PM

No doubt that there are many aspects that matter. And I am not only talking about the idea as the idea, but much more about complex approach. So curious to hear your views

Basically, mine is the pretty complex - I am starting with the niche. For example, talking about me, I am fond of different progressive solutions. After the niche is chosen, I have a look at the solutions that are having the highest ratings along with real feedback from users. And then I am also evaluating things on my own, paying attention to team, opportunities and more

hwteeer

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Quote from: witbla on July 21, 2020, 04:54:08 PM

What I would say that there is huge variety of different solutions coming onto the market, so I am here with the strategy I personally use. I would say, mine is pretty rational and can help to find the most advanced solutions

No doubt that there are many aspects that matter. And I am not only talking about the idea as the idea, but much more about complex approach. So curious to hear your views

witbla

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What I would say that there is huge variety of different solutions coming onto the market, so I am here with the strategy I personally use. I would say, mine is pretty rational and can help to find the most advanced solutions

elyas772

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Exchange tokens raised a trend, but to be honest, I do not believe that any exchange token will get to Binance level. Those guys are lot of steps ahead of other exchange tokens.

JHORN

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Quote from: ?? on ??

The exchange like Binance already has done that. They have created a blockchain BEP2. They also have a dex version for trading. That means if Binance goes down somehow then BNB will still have its value to the market. Because it has other purposes. But exchange like gate uses their token for trading fees and voting purposes. That should be a concern for GT token holder because if anything happens to that exchange what will happen to their token?

What other purposes BNB has? You'd better pray nothing happens to binance exchange, the only coin from binance that will be safe is BUSD not BNB, many holders will even panic sell which will crumble every thing within weeks, BNB token isn't useful outside binance exchange

coinfinger

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Quote from: HammadAli on October 22, 2019, 01:39:41 AM

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 in my view, at least these exchange tokens are having one real-world application unlike most other crypto coins and tokens because most of the crypto coins and token are just being created only for speculative reasons but exchange tokens are created for providing discounts on exchange fees. I'm not against making use of this exchange tokens even outside of the exchange but I don't think that will be having good scope.

Because, we are already having lots of coins for each and every functionality and reasons hence again coming for same purposes but just for the reason of being exchange based token will not be find enough adoption among this crypto community. So, like you have mentioned, there will be an extra layer of risk involved with these exchange tokens as exchanges hacking are happening more frequently and more commonly.

shakesbear

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Quote from: flagpara on July 19, 2020, 08:30:48 AM

Without Binance coins, I don't use any other exchange coins. I think Kucoin, Okex, Huobi coin and IDEX exchange token are trusted. Without volume, this exchange coin isn't valuable. I don't know if others coin use cases but Binance coin transaction is very fast and very low cost. So this exchange coin now has another use case without exchange.

Binance has recently been making many different uses for its token, a good example for other exchanges.

forexandcryptoauditor

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As we see there is no "utility" of exchange token outside its own exchange, they even don't list on other exchanges. As you say, if the exchange gets shut down, there is no value to that token, because its meant for that exchange for fees purposes only.
We should see exchanges as a project in which token is only used within its own ecosystem and not useful outside it.
The hybrid utility we see in BNB token. This is not possible for small exchanges.

josgandosbro

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no need to develop outside the platform, just use their own platform and provide some features so that their tokens are more widely used there, not only for fees

inoes

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United Crowd

that is why an exchange promotes and cooperates with several other exchanges. are BNB, YO, HTB, IDEX and others not promoted? besides that certainly one of its flagship features is getting a bonus / cheaper if you use these coins on an exchange. You can observe that BNB exists and is traded on several other exchanges besides the original exchange, as well as YO, Idex and other coins ... I'm sure all coins keep competing to be more popular.

flagpara

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Without Binance coins, I don't use any other exchange coins. I think Kucoin, Okex, Huobi coin and IDEX exchange token are trusted. Without volume, this exchange coin isn't valuable. I don't know if others coin use cases but Binance coin transaction is very fast and very low cost. So this exchange coin now has another use case without exchange.

IvugeoEvolutionCoin

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Quote from: vermigerous on July 18, 2020, 11:16:18 PM

I think that's why an exchange should keep it's good performance to maintain a good reputation and keep their own utility token to be recognize as well. Because if it fails, i think they would lose their investors and some other people might not use their exchange to buy or sell a token.

I remember when people FOMO for exchange tokens, believing it must do say x10. Now it's glaring that it's not about exchange tokens, the most important thing is whether the exchange keeps up with development, hence ensuring high Liquidity plus bringing more advanced services to traders. Without this, an exchange token keeps dipping with time. Another aspect is whether the exchange token can be used outside the exchange, some like BNB and KCS have been doing ok in this regard.

Balladtony77

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Quote from: rmhuntley on October 22, 2019, 01:58:37 AM

I don't think that the tokens from some of the exchanges you mentioned will die. An example is BNB, besides being used on the binance market as a trading pair, BNB is also traded in many markets. Don't you think they now have a strong community in the market ?

I am something bad happens to binance the BNB token will go down, the token is only useful on binance exchange platform, only BUSD can survive without the exchange running since it's a stable coin, hope you understand this point

Lagduf

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Quote from: ?? on ??

Yep they should have a plan that their token can be useful outside the exchange if they really want to gain more community, not just only for payment and discounted fees of the exchange. More partnering big companies would be great support their token.

I don't think so. The main purpose for the exchange site's token to be used as a utility token on its own platform. that means it doesn't need to have utility usage outside from the platform consider it's not the purpose of token creation.

vermigerous

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I think that's why an exchange should keep it's good performance to maintain a good reputation and keep their own utility token to be recognize as well. Because if it fails, i think they would lose their investors and some other people might not use their exchange to buy or sell a token.

kkofor

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Quote from: irixo10 on July 18, 2020, 07:48:32 PM

What will actually make an exchange token worthless? I think the answer is, if the exchange stops functioning as it should and start decreasing in users due to lack of appreciable trading experience. Take a look at Binance exchange, with the way the team are developing their services, I don't think the token will reduce drastically in value but will keep maintaining a good growth. So it means that, every token have a place it is applicable and this starts from the on set of the project's life. So my opinion is, let exchanges works on improving their services which will bring more value to their token; this is also applicable to all projects in the crypto space.

Indeed, any project would like to be listed at Binance, but in order to do this, the project itself must prove its potential value and this is not easy. I think if the coin is only listed at bad exchanges, then that project is unlikely to exist because people often invest only when they can definitely make a profit. In addition, if there is no strategy to attract new investors, those projects will often soon be forgotten.

Saisher

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You have a point but it does not apply to exchange only it also goes to all projects if the developers run away everything on that project dies down, if you are going to invest in an exchanged based token make sure, they are on top of their game, because the exchange industry is a very competitive market.

irixo10

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What will actually make an exchange token worthless? I think the answer is, if the exchange stops functioning as it should and start decreasing in users due to lack of appreciable trading experience. Take a look at Binance exchange, with the way the team are developing their services, I don't think the token will reduce drastically in value but will keep maintaining a good growth. So it means that, every token have a place it is applicable and this starts from the on set of the project's life. So my opinion is, let exchanges works on improving their services which will bring more value to their token; this is also applicable to all projects in the crypto space.

Topic: Exchanges Tokens - page 5. (Read 33500 times)