Top 5 Exchange Tokens to Hold in 2022

One of the favorite investments of many traders are exchange tokens because these can provide regular dividends, great benefits, and many opportunities to multiply their investment. Today we will look at the top 5 tokens and cryptocurrencies issued by some of the industry’s leading exchange platforms.

1. Binance - BNB

As the biggest cryptocurrency exchange on the market, Binance offers its clients the opportunity to buy its native token – the BNB. You could use it for paying all kinds of fees on the platform with additional discounts (as much as 50% in the client’s first year of using it).
And while BNB is intended to provide you with an easier and faster way to operate on the platform, it allows you to make a steady long-term investment. According to Binance, the exchange will buy back 20% of all BNB tokens and burn them every quarter (until the total supply drops down to 100 million.) This should therefore drive up the value of the cryptocurrency naturally and provide decent returns to holders.

2. KuCoin - KCS

If you are familiar with KuCoin, you’ve probably heard about its native token – KCS (‘KuCoin Shares’). KCS is a unique cryptocurrency that allows you to receive various bonuses on the platform by either holding it or when referring new users to the exchange. According to KuCoin, 40% of all KCS collected as fees are given back to the community in the form of an ‘Invitation Bonus’. Another 50% are distributed among users who hold KCS as a ‘KuCoin Bonus,’ while 10% of the platform’s service fee is burned in order to keep increasing the price of the token.

3. OKEx – OKB Coin

OKEx is a unique cryptocurrency exchange that provides extensive markets for both spot and derivatives trading. The exchange’s wide functionality is mainly dependent on its native coin, the OKB Coin, which allows users to receive significant fee discounts and passive income in the form of dividends (estimated at around 23% yearly). According to OKEx, 30% of the income from spot trading fees is used to buy back OKB coins and burn them (once every three months) to increase the cryptocurrency price.

4. FTX – FTT Token

As one of the significant cryptocurrency derivatives exchanges, FTX has developed an advanced ecosystem to optimize trading functionality for its customers. The platform’s native token, the FTT, can be used both for receiving fee discounts and as collateral for margin trading. Moreover, FTT is a PoS cryptocurrency, which allows users to stake their tokens and receive certain benefits and rewards on the exchange. Around 1/3 of all fees generated on the platform are used for FTT repurchase, thus driving up the token price. This way, customers holding the asset gain more value from it, while the circulating supply perpetually decreases.

5. Huobi – HT Token

With a limited total supply of 500 million, the HT Token is the native token for Huobi, which you can take advantage of when it comes to certain sub-token rewards and fee discounts. The cryptocurrency is based on Ethereum and is used for various types of applications in the exchange ecosystem. According to Huobi, 1/5 of the HT supply goes directly for user rewards and platform operations. The same is reserved as incentives, subject to a 4-year vesting schedule. The exchange claims that 20% of the revenue from Huobi will be used to repurchase and destroy HT, which is supposed to keep the price of the token rising.

 

Conclusion

The coins and tokens listed above will allow you to receive significant benefits while operating on their native platforms. Apart from fee discounts and user bonuses, they might provide you with decent long-term returns (due to the regular repurchase of the cryptocurrencies by their respective exchanges). Despite the relatively high ROI that these assets offer, their price is still dependent on the volatility of the market and the stability of the network on which they are based.

 

 

 

Nothing on this website should be perceived as financial, investment or trading advice. We urge you to do your own research prior to investing and we highly recommend that you consult a certified financial advisor.

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