As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht), FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!
I personally don't buy altcoins just because they are exchange based altcoins. Because most exchange-based altcoins are just tokens hitching a ride on another network. But it's different from BNB which has its own network. So I only hold BNB because only BNB can build its own ecosystem because it is a layer 1 altcoin. While the others are just coins or tokens that depend on other networks. So it is impossible to build its own ecosystem.