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What is the use of DOT on Cryptopia by the way ?

it's used for new listings on cryptopia.

Dotcoin is also used as a bonus for referrals.

Some of the info in the Cryptopia forums is old. KDC Clicker and the DOT loan feature have been shut down.

Dotcoin is not ownership in Cryptopia.

They do have CryptopiaFeeShare (CEFS), which shares in the profits of the exchange. It pays out once a month. It's current price is $7,400 each. There are only 6,300 available.
https://www.cryptopia.co.nz/Forum/Thread/2487?page=1
https://www.cryptopia.co.nz/Exchange/?market=CEFS_BTC

T

So DOT is not like KUCoin (KCS) or Binance (BNB)?

That is correct. Dot is just a tipping coin..... no where near the value of CEFS..... its a utility token and nothing more. It is also way overvalued at the moment. Good luck!

Wendy~

LOL - "Dot is just a tipping a coin"

That's one very myopic way of looking at "investing" into DOT. Another way is to not derive value solely from its current state, rather you'd look at the project from an investment standpoint (which is future state). This isn't equities; you're not buying S&P value caps with dividends. You're buying startups which are all pre-revenue.

LOLcatz - please stop investing now

I'll leave this final note here:
Cryptopia currently uses DOT to add new listings. This is a supply and demand game at best. Therefore, what you're doing is driving up the price for the companies that want to REALLY BADLY list their coin on an exchange, so their own Market Cap can increase 10x. With that increase, they then can cash out and make money.

Do you think a company, which stands to make hundreds of millions of dollars is going to play into price elasticity over a few BTC? We're talking hundreds of millions of dollars versus a few more extra BTC that it will cost them to list their company on Cryptopia.

You really don't see the vision in this investment play...

Thank you for your first post..... very informative..... this coin was hyped/pumped..... it is not the exchange token..... it is simply used for rewards and tipping.... ask them on cryptopia... ask them here, they are here..... If you want the exchange token buy cefs.

Here's a quick link to show you that it's not solely a tipping coin, and it's actually used to list new tokens:
https://www.cryptopia.co.nz/Forum/Thread/1484

BTW - How many posts do you think Warren Buffet has compared to me? That's what I thought - I come from a deep hedge fund background; I know investing and pick winners. I literally eat charts, trends, and data for breakfast, lunch, and dinner. You're not going to tell me how to make money.

You're a fascinating study, if you actually don't see the demand side to this simple Econ 101 equation. Good luck understanding Bertrand's theorem or Pareto Efficiency. LoL

Congratulations on making a bunch of posts filled with no content, as my two posts probably have more intellectual depth than all of your posts combined. But like I said...please sell and then favorite DOT coin on CoinMarketCap.