Topic: Opinions on Native Coins/Tokens of Exchanges? - page 2. (Read 452 times)

A native token of an exchange totally depends on how strong that exchange is. Every native token seems popular on their exchange, and the exchange team always tries to push it. BNB is one of the most popular and strongest native coins; it is not just a native token but also a native chain, which is called Binance Smart Chain. Though lately it has been dumped due to an SEC issue, I believe it would recover at any time. However, before investing in any exchange native token, ensure that the potential of this exchange.

Waiting for the altcoin season seems long and can be considered already as a long-term hold but why not? BNB and Binance are not new. I think their reputation are already enough to convince us of doing it. Not all exchange tokens are great and maybe some shitcoins are better than them because they can pump high.

Yes, we cannot predict the future of an exchange but we can monitor their performances so that we will have an idea if their tokens are still safe to HODL or not anymore. Non-exchange tokens do also has their own risk, so we should not be afraid and we should only invest the amount that we can afford to lose so that we won't worry or regret once we truly lose.

If you look at the various types of native exchange tokens or coins, BNB is indeed in the most promising first position. For the reasons you mentioned earlier, this makes perfect sense. The exchange's reputation will greatly influence their native token or coin. The better and trusted the exchange is, the more trusted the coin will be. What's more, if the token or coin has increasingly good development, both in market cap and utility. So that holders can be more confident in holding these coins. but once again, not all exchange tokens will be that valuable, so we really have to be careful in choosing exchange tokens or coins so that we don't regret putting our money into shit coins.

BNB is quite promising for the long term because we know Binance is the largest and most popular CEX currently. The BNB token is also the main token for Launchpad on Binance.
Even though the current price has dropped drastically and this is also a result of the Bitcoin price continuing to fall, it is still worth buying and holding.
I hold the top 3 Coins currently BTC, ETH and BNB. That alone is enough for me and will provide more profits when buying gradually and starting to hold until the highest price can be reached.

I like this part already. I thought you will be talking good about native coins and tokens out there as you started with BNB which is the most popular exchange right now.

And then I saw this huge wall of words that consists of an unknown project that's been launched not so long time ago, and you're trying to advertise it here. After all, you're just like one of those newbies out there who are asking questions in the subject title, will have an introduction, and then will pitch the project that they're advertising. How much did they paid you in posting this thread? Well, did a little research at the project, and it seems like the token has some kind of 24 hr volume of $30,000. Not that huge, but its better than nothing at all. Overall, will not touch the project.

I'm only CRO right now, and planning to buy BNB. I prefer safety over profit. Investing in low market cap tokens whether it be exchange or whatever type it is, I'd rather go buy those established ones.

Personally, I'm not a fan of exchange-based tokens and/or cryptocurrencies. Not only that they're heavily-centralized, but their market prices are often manipulated by exchanges themselves. You can see why BNB is still among the top ranks in market cap, despite the SEC cracking down on Binance. The exchange might be manipulating the price to keep its token afloat. If you're into exchange-based coins/tokens for short-term profits, I'd say go for it. Otherwise, I'd suggest you look elsewhere.

It's best to consider other alternatives that put decentralization on top of everything else. Coins like Bitcoin and Litecoin are meant to last a lifetime due to the way they were designed. I cannot say the same about exchange-based coins/tokens. Who knows if these digital assets cease to exist in the future due to fierce government regulations? Just my thoughts

Why are you providing a link to see the people behind Maicoin, I already know, you can see the source in my reply here. I just question the legitimacy of them actually being there, you know that there will be entities that use famous people to support what they're doing (case study on meme tokens).


Do you mean the review of Max Exchange on tokeninsight?


Can you understand the Tokeninsight assessment in the image above? don't lead people to become lost either.

I agree. Seeing BNB's trajectory from 2020-22 really underscores the potential of CEX tokens. As for me, my portfolio currently includes BNB and BGB. And ofc, I'm optimistic about their prospects, especially with the added perks these tokens can bring.

Totally depends on the demand and recognition because not all coins that had been mentioned or been included into the talks into those known people like Vitalik or Charlee would really be making out some guarantees that it would really be that making some pump soon but if you do see that it is really that likely to happen then it would really be always your choice whether you would really be making out such investment decision or not. It would really be entirely be depending on you because not all coins been mentioned would pump out along the list. Somewhat when it comes to Exchange tokens then their value would be always be reflecting out on their main website or companies reputation on which just like in the case of Binance where BNB coin is really that top in exchange tokens kind of ranking but in the other side of things when it comes to utility too then it does really have that relevant characteristics which we could really be able to tell that even if Binances company reputation but still this coin would really be able to surfaced out its price or would be included on top ranking list.
We know that demand would be always the main factor because finding yourself these type of coins and dealing with this investment would really be raising up those tons of questions.

The problem with those kind of things is the fact that if you really convinced people like that to be advisors, then how come you didn't get any promotions from them? I mean if Vitalik tweeted a few times about it, it would have a lot more bigger community, same with Charlie Lee as well. Either they are lying about having them on board, or they are just not utilizing them correctly at all. No project with them on the board should be as little as this and that doesn't make any sense at all.

I believe that we are going to end up with an issue and should be doing something much better on the long term, the results will be profitable if they do utilize them, but if not then why would you take a chance on them finally figuring it out.

Exchange token depends upon how this exchange behave and the how much fund use in this exchange. Binance is NO. 1 exchange and that's why bnb is also best coin so far amongst the native exchange coins. The reason behind the bnb price volatility is many cases on Binance US and also security sue on bnb coin. SEC doesn't want Binance or any crypto platform to perform freely . SEC want full control over CEX and first their target is Binance and Coinbase.

CEX coins are best choice and there is chance of increase in price such as bnb performed in 2020-22. I made profit from ftx coins before the collapse. I am not holding any exchange tokens but i think Kucoin Bybit and Bitget are most used exchanges and for short term their native tokens are worthy to invest in it. besides price increase there are so much other profits too like participation in the token sale.

Today, I've examined Max Coin, and I've noticed that its trading volume is quite low. Additionally, there's a limited number of individuals including this coin in their watchlist. This suggests to me that there might be a lack of a robust community supporting it. However, if it turns out to be true that Vitalik and Charlie Lee are serving as advisors for this project, it could be considered a positive development for Max Coin. Considering the current state of the coin, it doesn't appear to be a particularly strong candidate for investment. Nevertheless, if the news about the advisors proves accurate, it might be worth taking a calculated risk. Back in 2019, I also held various exchange coins, but unfortunately, none of them yielded favorable results.

Okay, while I appreciate the shades lol here's the link from the project's website showing clearly those behind it. https://group.maicoin.com/about

Secondly, I think these exchanges are good ones and having listed MAX might be a good thing judging by the reviews I've seen about them. https://tokeninsight.com/en/exchanges

Uhh someone else sent the links tho. But I'll like to know what your opinion about exchange tokens are tho. I've got a couple of them already, so far, BGB is one of my most preferred ones, I've got a few MAX too.

I am holding CRO, the token of Cronos - Crypto.com. Originally an ERC20 token but now in Cronos Blockchain. But the same as other native coins out there, the value seems to be difficult to increase unlike before. While it's given that it is because of the total supply, it is also because investors are not expecting too much out of them anymore. BNB was and is still the most successful one of all when it comes to native coins and repeating that will be hard because of the diversity in the number of investments in the market.
Some investors would just say "I'd rather buy BNB than risk it with a new one." and it's because of reputation. They built this from the roots and it's now stronger, if something would like to mimic that, it will be a long battle in marketing.

You're an uneducated trader/investor, there are many things you have to research first and more important than just seeing Vitalik Buterin and Charlie Lee as advisors at Maicoin. Even Vitalik Buterin and Charlie Lee have never shilled on their social media accounts about Maicoin lately which proves that they're real advisors for Maicoin (this needs to be found out first).


About getting listed on various exchanges? Which top-tier exchanges have listed their tokens? the answer is no, it's just mid-tier CEXs.

I still trust on BNB, they have reached quite high recently but still a good price as a $500+ is sure when the bull arrives.
Kucoin is another popular exchange among english speaking users and KCS also holds good price proposition. A recent accusation of Kucoin not holding every staked amount of users hurt the exchange reputation but the exchange is still going strong and would be a good business when the bull arrives.
I also in some period of time bought FTT token as FTX was said to be overtaking binance on volume of transaction amount soon but that led to a disaster, so exchange coins are not a full proof investment without risk.

Of course, most of us hold some of those coins because it has already established some concrete liquidation in the crypto market and there also are some more upcoming updates and developments which make the coins alive and also have some value all the time. Unlike any other coins that have no usage or their developments still don't allow them to further increase their prices due to the lack of liquidations and usages. You can also guarantee your profit once the bull runs will come because they are not those coins that have no updates whatsoever so they remain like that forever if their developers don't do anything about it.

Normally if theres a related coin or token to Vitalik its gonna be seen right away especially on Twitter since mostly I followed important CT and first hand info influencers regarding some news but Id really not hear about this max tokens.

Oh thanks for the links and sources will take a look now. OP should have done or look for these info like you did. Anyway will be back upon checking it.

While there's an edge and advantage to having some known advisors on board for such projects. But that doesn't guarantee the project's success just because they've been part of their respective projects that they've been part of. In this market, I have seen how these projects are also sticking into the known names for their personal interest and sake. This is like giving one another a boost but of course, this is with monetary exchange and fees for them to be part of a new project just as what you've mentioned OP. It could have been better for the new projects that have a lot of budget for their marketing to give that allocation to their advisors because it's part of it. Yes, these partnerships and having known names to be their advisors has something in return for them and that's the trust that these people in their own communities will also bring to the addition and contribution as a start.