Post
Topic
Board Altcoin Discussion
Re: Thoughts on exchange tokens?
by
robattfield
on 14/03/2021, 05:18:52 UTC
I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?
In fact, not all exchanges are performing well, as far as I can tell, only a few have had success with the exchange token. As we all know the top exchanges they use their own tokens to optimize usage on exchanges. In Some popular exchanges such as Binance, Okex, Houbi, the exchange tokens have high value and people are more supportive. Recently, the dominance of DEXs, DEXs also have their own tokens, I like this in the cryptocurrency space it brings diversity to users. Tokens are fundamentally very important, but not all exchanges do.