Exchanges’ Native Tokens/Coins
In the Crypto world of very high price volatility, Exchanges' own coins /tokens have relatively little volatility and promise big returns for investors in the long term.
Exchange coins are actually a kind of precious metal that can be used in all transactions of exchange. Exchange users enjoy many advantages by keeping exchanges' own coins/ tokens in their wallets. At the beginning of these, we can count on paying a very low commission fees.
Every Crypto Exchanges want to make its users turn to the Exchanges' own coin/token in order for the coin/token it produced to gain value. One of the ways of it is to encourage users to keep their exchanges' coin/token in their wallets for a much lower commission fees. Thus, it is aimed that the exchange token/coin gains value, collects volume, and strengthens. Beyond it, In this way, users avoid paying high commission fees.
Users can also benefit from exchange revenues by locking and staking exchange coins. This provides users with the opportunity to earn a stable income.
In general, Crypto Exchanges coins offer very successful examples to the crypto money world.
At the time of this writing, Binance Exchange's coin, BNB, is trading at $ 305.79 and its Market cap is $46.92B . ( https://coincodex.com/cryptocurrencies/sector/exchange-tokens/ ) According to these figures, the amount of BNB in circulation in the market appears to be 153.43 billion.
UniSwap Exchange's native coin UNI is traded at $20.69, while its total market value is calculated as $12.15B. The total UNI in the market is about 4 times more than the BNB coin. The number of UNI coins in circulation is 587.26M.
The Crypto Coin Chain Token CRO has 25.26B tokens in circulation and its price is $0.122275.
As of July 31, the opening price of the Bytedex token, which will be traded on its own exchange, has been determined as $ 0.05. The ico price of the BYTEDEX token, which is currently in the ICO process and has an ico supply of 200M, is $ 0.03. A total of 1 billion BYTEDEX tokens have been produced on the TRC10 network, and 253,502,691 tokens have been burned after the private pre-sale and pre-sale. ( https://tronscan.io/#/block/29760794 , https://tronscan.org/#/transaction/776b11b6222a16fe5fdc9e15e0af2234adf5c9cdb351bb2a717f5ef510c3e023 )
To date, a total of 70 million Bytedex Tokens have been sold during the private pre-sale, pre-sale, and ICO period. The ICO process will continue until 30 July. ( https://bytedex.io/ )
BYTEDEX Token, the Token of Byte Exchange, offers many earning opportunities to users.
First of all, users who stake BYTEDEX will be able to earn up to 50% of Staking income from the Exchange income, depending on the amount and time of the token they stake.
In addition, users holding Bytedex Tokens in ByteW non-custodial wallets will be able to benefit from a commission discount of up to 300% on the Byte Exchange. Bytedex token, which follows a deflationary eco-politics, offers its users a higher stable income with less volatility, like other Exchange coins and tokens. It is foreseen that 350-500M Bytedex tokens will remain in total circulation. Because the Bytedex token burning process will also be valid for tokens that are not sold after the ICO process.
Another Exchange coin, OKB, is currently $ 10.82, while a total of 282.84M OKB is in circulation in the market.
Top Ten Exchange’s Token/Coin according to Market cap.
Token/Coin | Price | Market cap | Circulating Supply |
BNB | $ 305.79 | $ 46.92B | 153.43M |
UNI | $ 20.69 | $ 12.15B | 587.26M |
CRO | $ 0.122275 | $ 3.09B | 25.26B |
OKB | $ 10.82 | $ 3.06B | 282.84M |
FTT | $ 27.74 | $ 2.62B | 94.35M |
LEO | $ 2.36 | $ 2.25B | 953.95M |
HT | $ 10.70 | $ 1.83B | 170.70M |
PFB | $ 0.352882 | $ 1.18B | 3.34B |
BNT | $ 3.37 | $ 753.13M | 223.48M |
GT | $ 3.38 | $ 630.69M | 186.60M |
By holding exchange tokens/coins, users have the opportunity to gain not only from the appreciation of the coins they hold but also from the exchange revenues. Moreover, the fact that a coin or token is in more wallets is also a factor in increasing the price of that coin/token.
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