exchanges with their own coin/token vs those without

defoman

jr. member

Activity: 448

Merit: 2

Quote from: zenyfomax1 on January 08, 2018, 01:44:32 AM

would you guys consider exchanges that have their own tokens/coins (e.g. kucoin with their kucoin shares, binance with their binance coin) to be generally more trusted/credible, or less, or it doesn't matter much? especially when their own coins contribute the largest trading volume, i always wonder is the volume made-up or inflated (because we never know).

I would advise you to buy and keep these coins in your portfolio. Binance may become the number one exchange in the world in the future.
Did you hear the term "unicorns" companies? "Unicorns" are startups whose estimated cost increases to the amount of one billion dollars or more in the period up to 5 years. According to Insider Pro, WhatsApp messenger for about two years was to reach $1 billion, Uber is about 2.2 years, manufacturer of Tesla electric cars – a little more than four years. You to understand the standard companies from the Fortune 500 list had about 20 years to reach the capitalization of $1 billion. Binance for six months reached the level approaching two billion dollars.
In addition, if you use this exchange, then using the BNB token, you can save on commissions. I hope my opinion will help you.

IMZ

legendary

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Helpful thread, as I'm studying DEXes.

themaxx

member

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Merit: 10

Quote from: qazgroup on January 08, 2018, 04:45:43 AM

To be honest i have started liking the exchange based tokens, recently kcs, bnb and coss tokens have created millionaires, a new one cob can also be the next big one.

If that's the case you should check out coinmetro.com. Launch of a crypto exchange by a company that is an FX Broker (FXPIG).

mayan251

member

Activity: 267

Merit: 10

These encrypted currencies are highly concentrated on the exchange. So they are centralization exchanges. The volume of transactions will be controlled artificially.

vv181

legendary

Activity: 1932

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Quote from: totwotoo2 on January 08, 2018, 04:31:54 AM

Quote from: zenyfomax1 on January 08, 2018, 01:44:32 AM

would you guys consider exchanges that have their own tokens/coins (e.g. kucoin with their kucoin shares, binance with their binance coin) to be generally more trusted/credible, or less, or it doesn't matter much? especially when their own coins contribute the largest trading volume, i always wonder is the volume made-up or inflated (because we never know).

hell yes. just look at the value of binance...up up and away.

Binance started to get a lot of attention, it's not unexpected for Binance Coin price to rise, and also Binance Coin is useful for day traders because it greatly reduces the fee for trading so it will make day-trader friendly.

Shpongled

newbie

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Merit: 0

I don't think it really matters but at least this can lead to more proximity to the team behind the exchange, so I'd wager it can't be worse to have a token for the exchange.

zenyfomax1

jr. member

Activity: 98

Merit: 1

Quote from: qazgroup on January 08, 2018, 04:45:43 AM

To be honest i have started liking the exchange based tokens, recently kcs, bnb and coss tokens have created millionaires, a new one cob can also be the next big one.

yes, but the price is too easy to manipulate right?

Alpha0One1

full member

Activity: 588

Merit: 107

You can also check coss.io. 50% split fee is given for all the coins/tokens traded on their exchange. You can store the token in your eth wallet and link it to coss wallet to get weekly payout. It's like mining for just holding the token Grin

qazgroup

member

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RiveMont

To be honest i have started liking the exchange based tokens, recently kcs, bnb and coss tokens have created millionaires, a new one cob can also be the next big one.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: zenyfomax1 on January 08, 2018, 01:44:32 AM

would you guys consider exchanges that have their own tokens/coins (e.g. kucoin with their kucoin shares, binance with their binance coin) to be generally more trusted/credible, or less, or it doesn't matter much? especially when their own coins contribute the largest trading volume, i always wonder is the volume made-up or inflated (because we never know).

No, I don't think just because an exchange has it's own coin it means it is more trustworthy or legitimate, look at Bittrex as an example they do not have their own coin and is one of the best exchanges.

I can understand why some exchanges have their own currency but it doesn't bear relation to the trustworthiness of the site.

totwotoo2

jr. member

Activity: 34

Merit: 15

Quote from: zenyfomax1 on January 08, 2018, 01:44:32 AM

would you guys consider exchanges that have their own tokens/coins (e.g. kucoin with their kucoin shares, binance with their binance coin) to be generally more trusted/credible, or less, or it doesn't matter much? especially when their own coins contribute the largest trading volume, i always wonder is the volume made-up or inflated (because we never know).

hell yes. just look at the value of binance...up up and away.

zenyfomax1

jr. member

Activity: 98

Merit: 1

would you guys consider exchanges that have their own tokens/coins (e.g. kucoin with their kucoin shares, binance with their binance coin) to be generally more trusted/credible, or less, or it doesn't matter much? especially when their own coins contribute the largest trading volume, i always wonder is the volume made-up or inflated (because we never know).

Topic: exchanges with their own coin/token vs those without (Read 179 times)