Topic: The Exchange coin trend, Will all exchanges soon have their coin? - page 2. (Read 191 times)
September 27, 2018, 09:18:10 AM
I think their own coins have important uses to add funds or finance all of their operations, so their exchanges continue to grow.
September 27, 2018, 08:58:50 AM
It's the standard way of having easy to use coins to enable discounts etc while also covering fees. It's a better deal for all involved as it gives exchange fees in a readily accepted currency instead of requiring converting from whatever currency was traded in.
September 27, 2018, 08:54:56 AM
why does every exchange always make their own coins? maybe the main factor is, the exchange is already crowded and the exchange developer wants to take the opportunity to make a profit, you know yourself, the exchange income only comes from fees, advertisements, etc., but vice versa with the existence of their own coin making if the exchange is quiet or there is no activity, it will be useless because there will be no change even though it has its own coin
September 27, 2018, 08:45:05 AM
Yes it's the new standard for a crypto exchange.
Most of the coins issued by the exchanges are both a way to redistribute the profit of the exchange by dividend, burning or both as well as the fuel for the proposed dex.
The future is of dex and it's a easy bet to say the most successful exchanges at current time would have the best dex in the future. And a dex specific fuel would assure a ever present profit for the exchange and the investors.
Most of the coins issued by the exchanges are both a way to redistribute the profit of the exchange by dividend, burning or both as well as the fuel for the proposed dex.
The future is of dex and it's a easy bet to say the most successful exchanges at current time would have the best dex in the future. And a dex specific fuel would assure a ever present profit for the exchange and the investors.
September 27, 2018, 08:36:58 AM
I am just curious why a lot of copycats in this cryptoworld, previously exchanges are not known to have their own coins, I remember trading with exchanges like Poloniex, Bittrex, bleutrade, cryptopia, coinexchange, etc and they were not known to have their coins.
It happens that most exchanges this period are now launching exchange coins and ICO, noticed that some exchanges that do not previously had their coins are internally launching theirs, an example is hotbit. I know this was due to the success of Binance coin. What baffles me is that most of these exchange coins do not have any other use case aside from being exchange coins and they promise to reward some users with it.
It happens that most exchanges this period are now launching exchange coins and ICO, noticed that some exchanges that do not previously had their coins are internally launching theirs, an example is hotbit. I know this was due to the success of Binance coin. What baffles me is that most of these exchange coins do not have any other use case aside from being exchange coins and they promise to reward some users with it.
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