It seems like exchange tokens such as Binance's BNB, the MX token from MEXC Global, or OKB from OKX. All of them seem to perform very well, no matter where to rest of the market is heading. This is mainly due to the fact, that each of these tokens is the heart of the cryptocurrency exchange. Promotions, events, and even the salary of the employees are often paid in the said token.
Binance is a perfect example of scaling a business in parallel to increasing the price of their tokens, for example with the help of burns and a fee reduction while using BNB. The same approach is common for other exchanges too.
Another interesting perspective is marketing. Especially on YouTube, you will so a high appearance of these exchanges. Their business model is very simple,
users generate fees by placing their orders. A cut of the fee (usually ranges from 30% - 70%) is for the friend, that referred the trader. The remaining amount is mainly profit. With increasing activity - hence increasing volume - there's more profit to make. And more money to put towards expansion.
Having one of these tokens in your long-term portfolio definitely makes sense, even though some of us have issues with trusting an exchange after the most recent events surrounding FTX. Nonetheless, there are some candidates that have a proven track record of successfully growing their market share. According to that, you can observe price increases such as the one we're looking at in this idea.
Feel free to do your own research and pick the best one. There are almost 700 different exchanges nowadays (with more to come). You can even build your own portfolio based on this kind of investment.
Binance is a perfect example of scaling a business in parallel to increasing the price of their tokens, for example with the help of burns and a fee reduction while using BNB. The same approach is common for other exchanges too.
Another interesting perspective is marketing. Especially on YouTube, you will so a high appearance of these exchanges. Their business model is very simple,
users generate fees by placing their orders. A cut of the fee (usually ranges from 30% - 70%) is for the friend, that referred the trader. The remaining amount is mainly profit. With increasing activity - hence increasing volume - there's more profit to make. And more money to put towards expansion.
Having one of these tokens in your long-term portfolio definitely makes sense, even though some of us have issues with trusting an exchange after the most recent events surrounding FTX. Nonetheless, there are some candidates that have a proven track record of successfully growing their market share. According to that, you can observe price increases such as the one we're looking at in this idea.
Feel free to do your own research and pick the best one. There are almost 700 different exchanges nowadays (with more to come). You can even build your own portfolio based on this kind of investment.
