JAKARTA A number of leading crypto exchange companies have their own original tokens. In addition, they also trade tokens on various other crypto exchanges. The most famous of the tokens exchange is BNB, which belongs to the Binance crypto exchange.
It aims to increase liquidity and provide added value to their original token holders, as well as discounts for trading costs on the platform.
The following is a list of 5 leading exchange tokens!
Trading at a price of IDR 4 million per coin, Binance Coin (BNB) is undoubtedly the most popular exchange token, as it is the original cryptocurrency for the world's leading exchange in terms of its trading volume, Binance.
Changpeng Zhao, CEO of Binance, has explained on several occasions that their goal is to "compleate BNB with as much utility as they can."
According to a CryptoPotato report, the main function and case use of BNB is to reduce trading costs in Binance. In other words, platform users are given various discounts if they choose to pay their trading fees with BNB.
In addition, this coin is also the only method to participate in the popular Binance Launchpad fundraising event. With certain exceptions, those wishing to participate in the initial exchange offer are only allowed to purchase tokens sold using BNB, creating substantial demand for exchange cryptocurrencies.
Since the beginning of the year, Binance Launchpad has seen several successful token sales including BitTorrent, Match.AI, and Celer Network, which have had a major impact on BNB's request. Recently Binance has initiated a lottery lottery lottery to receive the right to participate in the IEO Launchpad in the future.
Huobi is another leading crypto exchange. According to data from CoinMarketCap, the crypto exchange had an adjusted daily trading volume of 463 million US dollars at the time of writing. The platform was re-established in 2013, and was reportedly China's leading digital asset trading platform at the time. This crypto exchange has received an injection of funds from a number of leading venture capitals (VCs), one of which is Sequoia Capital.
Huobi Token (HT) was announced with several interesting use cases: Naturally, one of them is to reduce trading costs on platforms, such as BNB. In addition, it can be used as collateral to become a certified OTC trader in Huobi. It can also be used as a voting tool when it comes to decide on the list of new coins on the exchange.
Huobi announced a similar blockchain project launch platform called Huobi Prime. Unlike Binance Launchpad, however, Huobi Prime said that it would have a feasibility criterion requiring interested investors to hold a daily average of 500 HT for at least 30 days before the fundraising event. This move, of course, is likely to provide incentives to hold HT further.
In fact, this platform has seen the successful sale of its first token. This project is a TOP network, and achieved a hard cap set in seconds. For this first sale, Huobi did not apply a minimum ownership requirement of 500 HT.
At the time of writing Huobi Token is trading at the level of IDR 75,337 per token based on CoinMarketCap data.
Perhaps one of the reasons KuCoin gained a significant appeal in early 2018 was that KuCoin registered a cryptocurrency that is not yet well known and has a smaller capacity. However, the exchange offered the reported daily trading volume of around 15 million US dollars according to Coinmarketcap.
KuCoin launched the original token called KCS. As the name suggests, it involves asset allocation. The exchange distributes 50 percent of its trading costs every day to KCS token holders. Therefore, this is a dividend payment scheme. Currently, KCS is trading at IDR 107,701 per token.
OKB is the original token of another leading cryptocurrency exchange - OKEx. OKB is a utility token issued by the OK Blockchain Foundation. This token does not have any initial coin offerings or public fundraising.
OKB is an ERC-20-based utility token that is said to be transitioned to the OKEx public blockchain called OKChain in the future. One thing to note is that OKEx launched a token-sharing system that gives 60 percent of all OKB tokens to OKEx users for free.
The main feature of the OKB token is to remove transaction barriers, as well as to increase operational efficiency in its ecosystem. One of the things to consider is that investors with more than 500,000 OKB locked in an clash can review and support token candidates in the exchange.
According to Coingecko data, OKB is trading at IDR 422,900. OKB has increased by 14 percent in the last two weeks. This is a list of 4 exchange-owned crypto tokens that still survive today!
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