Post
Topic
Board Altcoin Discussion
Re: Is this a new development for exchnage tokens?
by
Dave1
on 27/11/2024, 09:26:19 UTC
There's no surprise when you see a token with a huge community from its inception even before it gains popularity and listings but it was really weird seeing a token getting a token after reaching $1 from 0.05. I was quite amused when I saw a community was being created for BGB holders and what's more amusing is that it's for people holding 100 BGB and above, they are even offering quite a huge amount of free tokens. Now that begs the question, why? Why give so much to create a separate community for an exchange token and what benefit does it bring?

Unfortunately, this whole tokenomics has died down already, and even if we hear exchange tokens being developed, I do not think that investors are still into it. Maybe if this is 2018 wherein there was a lot of hype with this new type of token, but today? everything has settled down.

Benefits? obviously it's just for the fee when you used that exchange. But as far as holding and using it as investment vehicle to make a lot of money? Nah, I do not think so, it's better to invest your money on something else. Hype is already down, and I do not see it making a huge comeback this cycle, sorry to burst the bubble for you.