Post
Topic
Board Altcoin Discussion
Re: Is it possible to build a DEX without having a token?
by
ItsNotSean
on 01/07/2022, 01:01:23 UTC
Exchange/ Swap tokens are nothing more than loyalty rewards, minus the redeemability. Right now all you can do to "redeem" the token is to unload it on the next "greater fool" who doesn't realize the token's true value.

SwapSpace allows you access to multiple swap services and doesn't have a token. They started a business! and take a very small % of the trade as a fee. These "reward tokens" are a gimmick that was enabled by leverage-fuelled bull markets, FOMO and widespread financial and econkmic illiteracy among crypto users.

It won't be long before folks learn to see the difference between protocols, currencies and applications. Then all these pointless tokens end up in the bin where they belong.