The crypto space has been so lucrative and the recent bull run did fetch a lot of crypto enthusiast and newbies so much fortune tho the market is down and currently showing a bullish trend which is partial anyways meaning not a strong bull yet. The FUD which recently took place caused a lot of disaster to the crypto space thereby pushing prices to the bottom and only the coins with great potentials and back could hold the pressure a bit while the shit coins fell tremendously making it's investors lose so much. Well as we can all see the strong project stood it's place and this is more reason we should always look out for ecological coins to invest in because crypto is very volatile anything can happen. Well I will be sharing with you some benefits of holding an exchange coin, before I proceed we can all agree that during this sharp and short bearish season we are experiencing most altcoins fell more than 70% some even up to 90% and even bitcoin fell over 50% but take a look at the price movement of PKoin which is an exchange based token you will see it was able to hold firm and didn't incur much lose on investors thereby not falling so dip in prices just like other altcoins, this is amazing right? This alone show there something special about this coin, well lets proceed.
What's an exchange - based token?
For those of us who get confused about the word exchange based token this is a lil explanation.
An exchange based - token: is simply a digital asset that is native to a cryptocurrency exchange. A crypto exchange launches it's own token for variety of reasons which will eventually increase the usage or use cases of that coin on it's exchange. Well no doubt the growth of an exchange - based token depends on the success of it's exchange.
There are so many reasons why an exchange based token seems so lucrative, eventually an exchange which is successful will always want to build a mechanism which will build it's token and will always want it's token holders to benefit from holding their token. For example power Corp project which is a fast rising exchange working to achieve great result will always want to push it's token to the top and the holder are going to be the one's who benefits in return due to the Roi there get in return and there are also some features on the exchange which offers passive income.
Benefits of an exchange based token
There are so many benefits attached to holding an exchange based token for example giving it's holders benefits of discount in trading fees etc. So let's get to know more benefits of holding an exchange coin.
Earning regular passive income by holding these tokens on their exchange: this is amazing after buying at a lower price, you don't just earn for price increment the exchange also rewards you for holding.
More profitable staking products: like we all know staking can fetch us income much more better than just holding in a wallet
Regular Bonus: most times there do giveaway bonus to their token holders
Good Risk Reward: for me I could actually say the risk involved in an exchange token is less because there do all to keep their token on the rise and there even creates mechanisms which could help them boost prices.
Long-term profit and business success
Holding a bunch of token can lower transaction fees
Used in their Spotlight
lntegration with several known platforms and apps (Hybrid Architecture)
More trading options
10.Long-term profit and business success
- Referral program : most exchanges setup a reward task whereby you earn after referring people and most times the rewards are lucrative.
There are just too many benefits of holding an exchange coin and I could possibly say exchange coins seems to be more successful and likely to boost in prices because the exchanges creates so many usage power for the coin giving it more back ups and which likely moon it's price.
Conclusion :
No doubt exchange tokens are only as valuable as the exchanges they are linked to.
However, If you are searching for a cryptocurrency with higher ROI and lower price then I have a suggestion (PKoin) . Pkoin is a Stable asset-backed cryptocurrency launched by Power Corp which is providing investors and users a great opportunity to generate great and regular passive income.
For more information about power corp project and pkoin follow the links below
Website : https://powercorp.us/
Twitter : https://twitter.com/powercorpus
Telegram :https://t.me/powercorpus
Facebook : https://www.facebook.com/powercoinus/
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