Cryptocurrency exchanges aim to create advantages for both the platform and users by issuing their own exchange tokens. These tokens, which have the power of their own exchange, can offer great opportunities. These exchange tokens are needed to provide discounts on trading fees, participate in pre-sales, and participate in special events. Exchanges require their own tokens to qualify for pre-sales or new listings, which is why interest in exchange tokens is growing. That’s why these tokens stand out due to the constant availability of supply. Here are the top exchange tokens by global volume
1. BNB Coin (Binance)
BNB Coin (Binance Coin) was launched by the Binance exchange in 2017. It was first issued as an ERC-20 token on the Ethereum blockchain. But then Binance moved it to its own blockchain network, Binance Chain. Of course, it’s no coincidence that it’s at the top of the list. Besides the fact that Binance is the world’s largest cryptocurrency exchange, BNB Coin contributes a lot to its investors. Investors holding BNB Coin are entitled to the newly listed tokens both through staking and launchpool.
2. LEO Token (Bitfinex)
LEO Token is a utility token released by the Bitfinex exchange in 2018. It is also known as Utility, or utility token. Bitfinex focuses on this token in order to provide discounts on transaction fees on its platform through the LEO token and to provide various benefits to users. The Bitfinex exchange conducts buyback and burn transactions in order to keep the LEO Token economy in order and develop it. Thus, by keeping the token economy under control, it is moving towards the expected price-based targets.
3. Bitget Token (Bitget)
Bitget Token (BGB) is another utility token that has made a name for itself in recent days. It was created by the Bitget exchange and, like other exchange tokens, offers various advantages to its investors. Bitget issued the BGB token to strengthen the platform’s ecosystem. The BGB token likewise gives users a discount on transaction fees. You also gain access to special events organized by the exchange thanks to the BGB token. Bitget is implementing a burn and buyback program to keep the BGB token ecosystem under control and make it more valuable. This prevents high selling pressure on the token.
4. UNI (Uniswap)
UNI Token is the native token of Uniswap, a decentralized cryptocurrency exchange. It is a cryptocurrency exchange that runs on the Ethereum blockchain and allows users to exchange tokens directly without any intermediaries. The UNI token was launched in 2020 as the native token of this exchange. UNI token holders are included in this process for the Uniswap protocol to decide on the future. UNI token holders have the right to vote on updates, pricing and new features coming to the platform. Thanks to this system, Uniswap’s decentralized structure has been strengthened and the adoption of a community-driven management model has come to the forefront.
In addition, Uniswap has identified many methods to reward UNI Token holders. Users who contribute to specific liquidity pools on the platform are rewarded with UNI Token.
5. OKB Token (OKX)
OKB Token is the native token of OKX, one of the world’s leading cryptocurrency exchanges. OKX serves as the 4th best cryptocurrency exchange in terms of volume in the global exchange ranking. The OKB token was launched in 2018 to develop and strengthen the platform’s ecosystem.
The OKX exchange provides many advantages to its users holding OKB tokens. By holding OKB tokens, users can receive discounts on trading fees, participate in special events, and use them to generate passive income through staking.
The OKB Token is at the heart of the OKX ecosystem. It is designed to increase user loyalty to the platform and to enhance the ecosystem. OKX has become a valuable asset for users on the platform with its events and rewards through the OKB Token.
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