All exchange coins are scam imo. It doesnt matter if the issuer is binance or ftx. The idea is always the same. Ripping the exchange users off.
Why do they need these coins anyway? If it is a cheap solution they seek, There are hundreds of alts that are cheap. Doge and LTC are cheap and pretty safe.
The thing is, they need something they can control its supply which means they can pump and dump on you. They cant do that with these old alts but they can manipulate you with these exchange tokens.
thanks for enlightenment mate , and yeah I think now I understand what is the true use of exchange coins? is there any chance that we will see these coin dying in the near future ?
though I am not a user of any exchange coins from the beginning and not even holder because i see nothing for those instead will keep bitcoin.