Top 10 Exchange Tokens
by Kamil S
A cryptocurrency exchange is a platform that allows you to buy, sell, and exchange one digital currency for another. Today’s article will discuss the top 10 crypto exchanges that not only offer a wide range of products and services, but also own the digital assets traded on their platforms – their native exchange tokens.
Read our complete guide to crypto exchange tokens to learn everything you need to know about what they are and how they are used.
1inch is a decentralized exchange (DEX) aggregator that connects multiple DEXes into one platform. This allows 1inch’s users to find the most efficient swapping routes across all platforms.
The 1inch token is used to stake and participate in the governance of 1inch protocols by all holders.
The MX token is native to MXC Exchange and can be obtained in two ways: mining and buying.
MX is the proof of rights of the MXC community, meaning MX holders have the rights for community event voting, team election, etc.
MX holders can also enjoy asset appreciation, rebates on platform revenue, supervision, voting as well as other rights and interests.
FTT is a native token of the FTX exchange that boasts a number of unique product offerings.
The FTT token is thus at the core of the FTX ecosystem. To ensure the utility of the token, the FTX team carefully designed the incentive schemes to increase network effects, demand for FTT, as well as to decrease its circulating supply.
The Japanese Zaif is one of the oldest crypto exchanges out there boasting a number of prestigious features.
The platform’s previous owner, Tech Bureau, is a company that made headlines in the last few years – with the investments it secured from a Japanese brokerage Money Partners Group.
This is excellent news for both the platform and the token. The fresh flow of money will allow Zaif to add to its features and enhance its technical abilities.
The newly issued OKT is the native token of the OKExChain ecosystem.
As the native token powering the chain, OKT provides users with immediate utility and benefits – from voting rights and staking privileges to transaction fee payment for decentralized exchanges and other DeFi applications built on the network.
KuCoin Token (KCS) is the key to the entire KuCoin ecosystem.
It’s also the native asset on KuCoin’s decentralized financial services as well as the governance token of the KuCoin community.
Bithumb Coin (BT) enables transactions within the Bithumb Chain and provides the mechanism for facilitating true incentives and value within the protocol.
The main principle of the BT design is to facilitate the flow of value of the Bithumb Family ecosystem, thereby promoting sustainable development.
Huobi Token, or HT, is a decentralized digital asset based on Ethereum.
It is a blockchain-powered loyalty point system that supports Huobi Global business and all related products, such as VIP discount, HT exclusive events, as well as trading against popular coins.
Binance Coin (BNB) finds its use to trade and pay fees on the Binance cryptocurrency exchange.
BNB initially worked on the Ethereum blockchain before it became the native currency of Binance’s own blockchain, the Binance Chain.
The innovative Coinmetro is a killer of an exchange. Built to make crypto available for all and revolutionize the future of finance, we took a leap of faith… and it paid off.
XCM is an ERC-20 token used on the Coinmetro crypto exchange and trading platforms. Its primary purpose is to offer benefits and value to the CoinMetro community. And we’ve been working exceptionally hard to secure that.
First, 100% of all exchange fees support marketing and buying XCM. Second, you can earn rebates paid in XCM. Moreover, Coinmetro offers the best crypto affiliate program in the industry, paid generously in XCM. Last but not at all least, we’re also almost ready for XCM’s biggest advancement ever – staking.
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