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What kind of exchange platform currency is better Comparison of

Date:2024-06-22 18:50:12 Channel:Wallet Read:

In the field of digital currency trading, it is crucial to choose a high-quality exchange platform currency. Faced with the choice of many platform currencies, how to distinguish the pros and cons and choose the platform currency that suits you best has become the focus of investors. Let us explore the differences between the major platform currencies in depth and provide you with a wise selection guide.

First, let's take a look at the core functions and characteristics of exchange platform currencies. Platform currencies are tokens issued by digital currency exchanges, usually used to pay handling fees, participate in platform governance, obtain discounts, etc. When choosing a platform currency, you need to consider factors such as the strength of the exchange behind it, development prospects, and community support. Next, let's analyze several well-known platform currencies one by one to help you make better decisions.

First, let's focus on "Binance Coin (BNB)". As one of the world's largest exchanges, the platform currency issued by Binance has attracted much attention. BNB has a variety of application scenarios, including paying transaction fees, participating in project voting, and purchasing virtual goods. In addition, Binance Exchange uses part of its profits to repurchase BNB and destroy it every quarter. This mechanism brings stable value-added potential to BNB holders.

Next, let's take a look at "Huobi Ecosystem (HT)". The platform currency HT issued by Huobi Exchange has performed strongly in the market. HT holders can enjoy transaction fee discounts, participate in platform decision-making voting and other rights. Huobi Ecosystem has also launched many innovative products, such as point cards, mutual insurance, etc., providing users with a full range of financial service experience.

In addition, we cannot ignore the "OKB coin". The OKB coin issued by the OKEx exchange has many advantages, such as a wide global partner ecosystem, strong liquidity, and rich application scenarios. Holding OKB can also enjoy lower transaction fees, participate in platform governance and other rights, bringing tangible benefits to users.

In addition to the above platform coins, there are also "FT coins" and "Gate.io platform coins" that have attracted much attention. Each platform coin has its own unique features, and investors need to fully consider their own needs and risk preferences when choosing.

Before making a choice, investors also need to pay attention to the security, liquidity, team background and other aspects of the platform coin. In addition, external factors such as market risks and regulatory policies also need to be given enough attention. Only by comprehensive consideration can we make wise investment decisions.

In general, choosing a high-quality exchange platform coin requires comprehensive consideration of various factors, and prudent decision-making can get better investment returns. I hope that through the introduction of this article, you can find the most suitable one among many platform coins and open a new chapter in the journey of digital currency trading. Let us follow the footsteps of technology and start a wonderful journey of digital asset investment!

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.


Before answering the question of which exchange platform coin is better, the editor of Coin Circle would like to take you to understand what platform coins are. In fact, platform coins are a kind of platform encrypted assets officially issued by encrypted digital trading platforms. Generally speaking, platform coins will only circulate in the exchanges where they are issued, and the platform coins of all trading platforms can be used to deduct the transaction fees of the platform, and you can also enjoy a certain discount when using platform coins to deduct. Before this, everyone must have heard of some platform coins, such as BNB, OKB, HT, etc., so which exchange platform coin is better? Now the editor of Coin Circle will bring you a comparison of the platform coins of major exchanges.

 Comparison of major exchange platform coins

1. BNB

BNB is a platform token with a total of 200 million. By holding it for a long time, you can get dividends from the growth of the platform, or in the short term, you can also use it for discounts on handling fees. At the same time, the platform will regularly repurchase BNB to support the continued rise in the price of the currency. At present, BNB is still relatively successful. The price trend has always outperformed the mainstream. It was also the first currency to hit a new high in the IEO bull market last year. The IEO listing model pioneered by the platform is still being imitated by many platforms.

2. FTT

FTT is the platform token of the FTX exchange. As the only token of FTX, it will be used to support the entire FTX ecosystem. We have carefully designed an incentive mechanism to strengthen market promotion, form a network effect, increase market demand for FTT, and reduce its circulation supply. FTT is the only circulating token in the FTX ecosystem and is the backbone support of the FTX ecological layout; in the future, the use scenarios of FTT will be more diverse, and we will add more other digital currency derivative tools to the platform.

3.OKB

OKB is the platform token of the exchange. Users can get dividends from the growth of the platform by holding OKB. As one of the three major trading platforms in China, OK has strong profitability. It has a wide range of spot, futures, leverage, contracts, and options. The product line is very rich. The platform promises to take out a certain amount of profit every quarter to repurchase the platform currency, which will have a great boost to the future price trend of OKB.

4.HT

OKB is the platform token of the OKEX exchange. Users can get dividends from the growth of the platform by holding OKB. As one of the three major trading platforms in China, OK has strong profitability. It has a wide range of spot, futures, leverage, contracts, and options. The product line is very rich. The platform promises to take out a certain amount of profit every quarter to repurchase the platform currency, which will have a great boost to the future price trend of OKB.

5.XT

XT is the platform token of the XT.COM exchange. XT is the XT.COM platform points issued based on the ERC20 standard of the Ethereum blockchain, which carries community rights, circulation attributes, and value attributes. The total amount of XT distribution is constant at 100 million, and will never be increased. Token, as a globally circulated encrypted digital rights proof, is an important feature of innovative digital asset trading platforms and will surely become an indispensable element in the future digital economy era. XT is a proof of the rights of the XT.COM platform and a certificate for XT global community members to participate in community governance.

6. GAT

GAT is a global universal credit launched by AEX, and its full name is Global AEX
Token. The original total amount of blockchain assets issued on the Bitshares BTS (Bitshares) chain was 100 billion, and 77 billion have been destroyed. The current total amount is 23 billion, of which 2 billion are issued on the ERC20 chain. It will never be increased and can be circulated globally. There will be multiple trading platforms and BTS internal disks to support transactions.

7. KCS

KCS is the platform token of the KuCoin exchange. The birth of KuCoin incentive funds is a special ecosystem for daily currency holding rewards for KCS holders. KCS is a decentralized blockchain asset issued by Ethereum. It is an ERC20 standard token based on the Ethereum blockchain.

8.GT

GT is the platform token of Gateio BitRock Exchange. GateChain is a new generation of public chain focusing on user asset security and decentralized transactions. It has an original online hot insurance account and a clearing guarantee system that creatively solves the core basic problems of the industry such as theft of user digital assets, damage and loss of private keys, decentralized transactions, and cross-chain transfers. With six years of blockchain technology accumulation, two years of focused research, a technical team of hundreds of people, and outstanding innovation capabilities and strong financial strength, we have created a revolutionary blockchain GateChain.

9.CET

CoinEx (CoinEx Technology Limited) was established in December 2017 and is headquartered in Hong Kong, China. It is a sub-brand of ViaBTC mining pool. At present, CoinEx's business scope includes CoinEx exchange, CoinEx public chain, CoinEx decentralized exchange, etc. The current development focus of the CoinEx platform is the public chain and the exchange. The main purpose of the public chain is to build the infrastructure of the decentralized exchange (DEX) and build an ecosystem around DEX.

10.ASD

ASD (BTMX) is a functional token issued by the AscendEX platform. On October 23, 2019, the total issuance of ASD (BTMX) was reduced from 10 billion to 787,683,613, and a unique "extreme deflation" value model was enabled. 50% of the daily consumption of ASD (BTMX) is permanently locked, and the total circulation of tokens will continue to decrease. The AscendEX platform coin ASD (BTMX) replaced the smart contract for the first time on October 23, 2019. After the smart contract was replaced, the total issuance of ASD (BTMX) was reduced from 10 billion to 787,683,613. And 50% of the daily ASD (BTMX) consumption will be automatically converted into ASDS (formerly BTMXS) for permanent lock-up, that is, the total amount displayed by the ASD (BTMX) contract address will continue to decrease.

In summary, this is the answer of the editor of the currency circle to the question of which exchange platform coin is better. I hope that this comparison of platform coins of major exchanges can provide a reference for investors who want to invest in platform coins. In recent years, the performance of platform coins has always been relatively strong. The fundamental reason why platform coins can be so strong is that the platform itself has a good development momentum. After all, investing in platform coins actually depends on the platform behind it. It is better to say that it is an investment in platform coins than an investment in the platform. For example, the platform coins of the three major exchanges now have so many people investing. I believe that most people are attracted by the development strength of their platforms.

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