Opinions on Native Coins/Tokens of Exchanges? - page 3.

Sophokles

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Quote from: serjent05 on September 18, 2023, 07:04:38 PM

Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

What are your thoughts on this? Are you holding any native tokens that may boom?

I am neutral on the native coins of exchanges, I believe they are better than those coins that do not have real use cases. They are even better to those altcoins that has no fundings. The success of the native coins of exchanges is dependent on the performance of the exchange since they are the ones supporting the growth of the coins. So I am not bearish or bullish about these kinda of coins. But it is not bad to at least some of the native coins of popular exchanges like Binance, Kucoin, and Huobi since they have the capability to "pump" their native coins.

Centralized exchange coins are linked to those exchanges. Most of them only offer discounts on trading fees, participation in IEO, staking rewards, etc. All of this activity evolves around those exchanges, which makes them highly centralized. These coins should not be in a long-term portfolio with no use cases outside of their own platform.

Zee27

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Quote from: MAAManda on September 18, 2023, 04:49:18 PM

Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

What are your thoughts on this?

I don't have any thoughts about Maicoin or the Max token, for me, Maicoin is a new exchange based in Taiwan that doesn't have too many pairs so the trading volume there isn't much. Despite the fact that Vitalik and Charlie Lee are listed as advisors there, for now I will not pay attention to Max tokens.

Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

Are you holding any native tokens that may boom?

Nothing, the last time I held a native exchange token was $BNB and that was quite a long time ago.

Quote from: cryptoaddictchie on September 18, 2023, 01:53:00 PM

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

https://talkimg.com/images/2023/09/18/6JEgl.png
Image Source: Maicoin

As you can see in the image above, Charlie Lee and Vitalik Buterin were actually advisors there, but I can't confirm whether this is true or not. Apart from that, videos about Charlie Lee and Vitalik Buterin is also on the Maicoin YouTube channel, videos that was published about 4 years ago.

Quote from: cryptoaddictchie on September 18, 2023, 01:53:00 PM

Is this already launch? Or just a plan with some details being cooked on?

The exchange native token and also the exchange have been launched, you can see them here and here.

Seeing the kind calibre of advisors Maicoin has, and the fact that it got listed on several other exchanges https://twitter.com/bitgetglobal/status/1702277508945879293?t=lQlgqymvZwm2J8iSQFgCTg&s=19
"I saw the list on the link you sent" I think it might amount to something worth holding tho.

bitgolden

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Quote from: Beparanf on September 18, 2023, 01:05:45 PM

Holding it for investment purposes will surely give you an advantage since some exchange offers some benefits to all token holders related to exchange features. You can assure too that the token will receive price boost since the exchange will surely have profit from trading fees and its a necessity on crypto market.

Investing on well known exchange such as Binance is a good thing to consider. Just make you are always updated and vigilant to all the news related news including FUD to the company since there’s a chance that a big exchange can collapse once regulators hit them hard just like what happened to FTX. But in general, Investing on popular exchange token is one of a good investment long term since they often have a feature of buy back using the exchange profit and discount from trading fees.

It is really a personalized thing, based on who you are and what you like I think having this type of investment may work for a lot of people. I am sure that some people do not enjoy or like it neither, but I feel like it's definitely a good one if you are into it. I know that it will take some time to get there, but I am sure that it's not going to be that much of a big deal at all.

Hopefully, it can get to a point where we can actually enjoy it, and that should be more than enough, and I bet that people will like it one way or another, but that doesn't mean that it will get to a good point, we need to end up having some sort of situation where it will help plenty of people and that type of return should be very good.

jasonjm

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.
What are your thoughts on this? Are you holding any native tokens that may boom?

Native exchange tokens are good options for short-term investment. Buy BNB when it's down and sell it at a higher price during the alt season. They are better than other shit tokens. However, long-term investments in exchange tokens are not reliable because it is difficult to predict how long an exchange will work/survive, and you could potentially lose your money. Also, store your holdings in BTC (in offline/cold wallets) or offline investments after making a profit from these tokens.

GreatArkansas

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

(.......)
What are your thoughts on this? Are you holding any native tokens that may boom?

For me YES. And what we are waiting for them are bull run, there's no way for me these native coins/tokens of exchange will go boom in just normal days of the market.
Another thing I am concerned about lately is the issue about SEC and Binance, because this will affect all the coins/tokens of exchanges not only Binance, Binance is the biggest number 1 right now in terms of exchange token.

Joseph-P

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Quote from: serjent05 on September 18, 2023, 07:04:38 PM

Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

What are your thoughts on this? Are you holding any native tokens that may boom?

I am neutral on the native coins of exchanges, I believe they are better than those coins that do not have real use cases. They are even better to those altcoins that has no fundings. The success of the native coins of exchanges is dependent on the performance of the exchange since they are the ones supporting the growth of the coins. So I am not bearish or bullish about these kinda of coins. But it is not bad to at least some of the native coins of popular exchanges like Binance, Kucoin, and Huobi since they have the capability to "pump" their native coins.

I agree with this. I am mostly neutral when it comes to CEX tokens with the exception of Bitget's BGB and Binance's BNB tokens. Bitget has been thriving these past few months so that's obviously been a good buy. BNB has one of the biggest names in crypto as its founder and since I bought low, I have some confidence it that too. Overall though, its best to be careful with them CEX tokens.

As for MAX, I did hear a lot abt it and it's listing in Bitget. I'll say it's worth giving a look for the short term cos of the solid team behind it.

serjent05

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

What are your thoughts on this? Are you holding any native tokens that may boom?

I am neutral on the native coins of exchanges, I believe they are better than those coins that do not have real use cases. They are even better to those altcoins that has no fundings. The success of the native coins of exchanges is dependent on the performance of the exchange since they are the ones supporting the growth of the coins. So I am not bearish or bullish about these kinda of coins. But it is not bad to at least some of the native coins of popular exchanges like Binance, Kucoin, and Huobi since they have the capability to "pump" their native coins.

Saisher

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.

Basically BNB holds 1st place as the top most native token, and the growth of that coin is really high over time. And it is really also volatile at this point. so I started looking more around native tokens.
And, so MAX token, I recently got introduced to it via its listing on Bitget exchange, so I understand some of you may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei

Do you want confirmation if the token you've just purchased has a good potential in the market or do you just want to ask about the status of an exchanged-based token, this platform is to us and they will need massive marketing if they want to get into the mind of traders the volume needs a lot of improvement not the kind of exchanged that you will go if you want to trade your coin, Taiwanese are good businessmen and developers but their reach is very limited, I'm sure many have not heard of this token or exchange only now.

But since you invested in this and have done research it's up to you to decide if you want to hold or dump this token but for me, it's not worth it.

MAAManda

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

What are your thoughts on this?

I don't have any thoughts about Maicoin or the Max token, for me, Maicoin is a new exchange based in Taiwan that doesn't have too many pairs so the trading volume there isn't much. Despite the fact that Vitalik and Charlie Lee are listed as advisors there, for now I will not pay attention to Max tokens.

Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

Are you holding any native tokens that may boom?

Nothing, the last time I held a native exchange token was $BNB and that was quite a long time ago.

Quote from: cryptoaddictchie on September 18, 2023, 01:53:00 PM

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

Image Source: Maicoin

As you can see in the image above, Charlie Lee and Vitalik Buterin were actually advisors there, but I can't confirm whether this is true or not. Apart from that, videos about Charlie Lee and Vitalik Buterin is also on the Maicoin YouTube channel, videos that was published about 4 years ago.

Quote from: cryptoaddictchie on September 18, 2023, 01:53:00 PM

Is this already launch? Or just a plan with some details being cooked on?

The exchange native token and also the exchange have been launched, you can see them here and here.

AmoreJaz

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Quote from: cryptoaddictchie on September 18, 2023, 01:53:00 PM

Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc.

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

Is this already launch? Or just a plan with some details being cooked on?

it seems that, he got it from reddit -
https://www.reddit.com/r/CryptoMoonShots/comments/16lp54g/max_the_exchange_its_native_token/

don't know if the OP is the author or just get some info from here. but can't find any reliable crypto news site talking about the connection of Vitalik with this MAX token.
so yeah, better do your due diligence before jumping on this token. we don't know exactly what is true on this.

cryptoaddictchie

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc.

I didnt hear about this one can you share some reference link so we can see the linkage of Vitalik from this project. Surely will heard of it if Vitalik somehow make some noise about it or some CT but unfortunately I didnt see any news on social or so to say didnt find the hype around max tokens.

Is this already launch? Or just a plan with some details being cooked on?

jossiel

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

Are you holding any native tokens that may boom?

Yes.

I think that it will boom despite that it has already boomed and why? Because it's still at the top list of the market and that's why I am moving forward that it will bring forth profits to me once the market is booming again.

As long as the exchange of it is doing well, I'll hold it. So far that despite the controversies that it had been in, I'm still holding it since I have no choice.

Beparanf

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Quote from: R1dwanRz on September 18, 2023, 10:26:29 AM

What are your thoughts on this? Are you holding any native tokens that may boom?

Holding it for investment purposes will surely give you an advantage since some exchange offers some benefits to all token holders related to exchange features. You can assure too that the token will receive price boost since the exchange will surely have profit from trading fees and its a necessity on crypto market.

Investing on well known exchange such as Binance is a good thing to consider. Just make you are always updated and vigilant to all the news related news including FUD to the company since there’s a chance that a big exchange can collapse once regulators hit them hard just like what happened to FTX. But in general, Investing on popular exchange token is one of a good investment long term since they often have a feature of buy back using the exchange profit and discount from trading fees.

R1dwanRz

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So, one thing that's been on my mind is the native tokens of exchanges. You know, those little guys that make the crypto world go 'round within specific exchange platforms.

Basically BNB holds 1st place as the top most native token, and the growth of that coin is really high over time. And it is really also volatile at this point. so I started looking more around native tokens.
And, so MAX token, I recently got introduced to it via its listing on Bitget exchange, so I understand some of you may not familiar with MAX. It is the utility token issued by MaiCoin Asset Exchange based in Taipei, Taiwan and it is a part of MaiCoin Group. Charlie Lee and Vitalik are also advisors of this group and so if you remember, Vitalik was giving an update about ETH 2.0 at Maicoin STO conference in Taipei a long time ago and also did a podcast with Maicoin, discussing Ethereum's transition to Proof of Stake, regulatory challenges, economic disparities in cryptocurrency, innovative solutions from Radical Markets like quadratic funding etc. This native token may not be recognized as top as BNB but still a great native token to have around in my opinion.

What are your thoughts on this? Are you holding any native tokens that may boom?

Topic: Opinions on Native Coins/Tokens of Exchanges? - page 3. (Read 452 times)