Post
Topic
Board Altcoin Discussion
Re: Reasons why exchange coins moving up..
by
TheGreatPython
on 17/02/2020, 18:41:29 UTC
There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...

Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
I know if you pay your trading commission with BNB then you will get discounts. Is this kind of option available with all other coins that you have mentioned? If so, then there must be continuous buyers for them and the exchanges which are collecting the coins as fee may not dump back so that their coins will reach some considerable big values in short period of time like how BNB has achieved.

Recently the binance's sister concern wazirx launched their own exchange coin WRX but not specifying anything about its application like trading fee with discounts. If exchanges launches their coins/tokens as fund rising method then they get dumped over the time but if they open doors with any possible application (like BNB) then there are more possibilities for those coins to get bumped regularly.