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Are the platform coins issued by exchanges valuable

Date:2024-06-18 18:59:26 Channel:Trade Read:

In today's digital currency market, the platform coins issued by exchanges have attracted much attention. People have been discussing whether these platform coins are really valuable. Let's take a deeper look at what value these platform coins have and what role they play in the world of cryptocurrency.

In the field of digital currency, the platform coins issued by exchanges have always been controversial. Some people believe that these platform coins are just tools issued by exchanges to attract users and lack real intrinsic value. However, in fact, there are more secrets and potential hidden behind these platform coins. Let's unveil this mysterious veil and explore in depth whether the platform coins issued by exchanges are really valuable.

First, let's take a look at the actual uses of these platform coins. In many exchanges, holding platform coins can enjoy privileges such as fee discounts, participating in voting decisions, and receiving airdrop rewards. Taking Binance's BNB as an example, holders can get transaction fee discounts, which brings tangible economic benefits to holders. In addition, some platform coins can also be used to purchase specific services or goods, expanding their scope of use. These practical uses make platform coins more than just a simple digital asset, but more like a digital equity with ecosystem functions.

Secondly, the development of platform coins is also closely related to the construction of exchange ecology. Many exchanges issue platform coins to attract more users to participate in transactions, increase transaction volume, and enhance platform visibility. Through incentive mechanisms, exchanges can build a healthier and more prosperous ecosystem and provide more value-added services to platform coin holders. This virtuous cycle makes platform coins play a vital role in exchanges, which not only promotes the development of exchanges, but also brings more opportunities and benefits to coin holders.

In addition, the value of platform coins is also reflected in their potential return on investment. As exchanges grow and develop, the value of platform coins will gradually increase. Many platform coins are cheap at the beginning of issuance, but as the project progresses and the market recognizes them, their prices may rise sharply. This brings investment income opportunities to coin holders and attracts more investors' attention and participation. Therefore, in addition to being a use right, platform coins are also a potential investment target with certain appreciation potential.

In summary, the platform coins issued by exchanges are not worthless. They not only have practical use functions, but also play an important role in the construction of exchange ecosystems and investment returns. Holding platform coins can bring more rights and opportunities to users, and also inject new vitality into the development of exchanges. Therefore, for those who pay attention to the digital currency industry, platform coins do have certain value and should not be ignored.

Finally, let us wait and see how the exchange-issued platform coins will develop in the future. Whether as a digital equity or an investment target, platform coins will play an increasingly important role in the digital currency market. Let us keep up with the times, seize opportunities, and witness the brilliant future of platform coins together!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


The platform coins issued by exchanges seem to have always been the best choice for investors, especially the current rising value of BNB, which further proves that platform coins have value. But since the bankruptcy of FTX Exchange, people's illusions about the platform have also been shattered, and the investment value of the platform has begun to be determined. Is the platform coin issued by the exchange valuable? It is also one of the topics that the currency circle has been arguing about. At present, the platform coins issued by the exchange may not all have value. Specifically, it needs to be analyzed from multiple aspects such as the exchange and the use value of the platform coin. The following currency circle editor will talk about it in detail. 

 Is the platform coin issued by the exchange valuable?

The platform coins issued by the exchange may not all have value. The value of the platform coin depends on its application scenario and the reputation of the exchange. The more functionality the platform coin has, the higher its value will be. The functions of the platform coins of various exchanges are slightly different, but they are nothing more than deducting transaction fees. Some exchanges even provide more application scenarios, such as the handling fee of their own public chain development, the purchase of NFT, and the participation in new coin subscription.

Exchange tokens usually have certain usage scenarios and functions. For example, they can be used to pay transaction fees, enjoy discounts, participate in trading mining or voting on trading pairs, etc. If exchange tokens have actual usage needs and functions, then they have certain value. The value of exchange tokens is usually related to the trading volume and liquidity of the trading platform. Exchange tokens with large trading volume and good liquidity are more likely to be accepted by the market and have certain value stability.

The background, team strength and reputation of the trading platform that issues exchange tokens will also affect the value of the tokens. Well-known and trustworthy trading platforms can often attract more users and investors, thereby increasing the value of tokens. Market factors and investors' demand for exchange tokens will also affect their value. For example, the market's attention and demand for DeFi projects or specific exchanges may increase the value of related tokens.

 What are the platform coins issued by exchanges?

The current common platforms are mainly BNB, OKB, HT, MX, LEO, etc. Platform coins refer to ERC20 tokens or platform points issued by centralized trading platforms. The main functions of platform coins include deducting handling fees, participating in profit distribution, profit repurchase, voting for listing, participating in platform decision-making, etc. The following is a detailed introduction to the platform currency:

1. BNB

Coin is a token issued by, referred to as BNB, which is a decentralized blockchain digital asset based on Ethereum. The total issuance is constant at 200 million. BNB will be destroyed every quarter according to the transaction volume of the Binance platform in the quarter. The destruction record will be announced as soon as possible. Users can query it through the blockchain browser to ensure openness and transparency until the total amount of BNB coins is destroyed to 100 million.

2. OKB

OKB is a global universal point issued by the OK Blockchain Foundation, referred to as OKB. OKB does not do ICO and does not publicly raise funds from investors. OKB was initially issued based on the Ethereum ERC
20 protocol, and will be transferred to the self-developed public chain OKChain in the future.

3. HT

HT is the abbreviation of Huobi Token, the full name is Global Ecological Points, nicknamed Ham. HT is a decentralized digital asset based on Ethereum, with a total issuance limit of 500 million, issued by Huobi Group.

4. MX

MX Token (MX) is a decentralized digital asset developed by the MEXC platform based on Ethereum (Ethereum). With MX as the value token, we will gradually improve the ecological content, thereby empowering participants and builders, providing a safe and stable trading experience for the majority of users, and becoming an industry leader.

5. LEO

LEO Token (LEO) is an IEO token issued by Unus Sed Leo
Limited, a new company owned by iFinex. iFinex plans to raise $1 billion through LEO tokens, with the purchase price of each token = 1USDt. As Bitfinex's platform token, LEO aims to become a utility token at the core of the iFinex ecosystem. Coin holders can experience the immediate advantages of iFinex's trading platform, products and services.

All of the above is the answer to the question of whether the platform tokens issued by exchanges are valuable. Platform coins are specific native tokens. The functions of platform coins include reducing transaction fees, providing liquidity, and acting as governance tokens on cryptocurrency exchanges. Different cryptocurrency exchange tokens play different roles on their respective platforms. In general, the platform coins issued by exchanges may have certain value, but investors need to conduct a comprehensive assessment based on project background, functional characteristics and market factors to determine their investment value and risks.

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