How do exchange tokens work?

These tokens are used in governance; stakers pledge them within various decentralized finance protocols to alter the parameters that define the platforms. You can usually buy exchange tokens directly from the cryptocurrency exchange – which will often pay you in the token as a reward for completing tasks or trading certain coins.

What are exchange tokens & stablecoins?

Exchange tokens generally refer to volatile cryptocurrencies issued by the exchanges; stablecoin tokens issued by exchanges, like BUSD, HUSD, and Coinbase (and Circle’s) USDC are not generally called exchange tokens, and are simply referred to as stablecoins.

What is Exmo's own exchange token?

Own exchange token has been launched by EXMO for raising capital that can help in exchange development and functioning via means of crowdfunding. The centralized exchange of cryptocurrency known as Huobi has been established with the aim of bringing a revolution in the system of global finance.

What are the benefits of using discount exchange tokens?

Holders of discount exchange tokens receive another common benefit in the form of paying the fees of trading with the use of these coins. Sliding scale is there in KuCoins by which sliding fees are reduced ranging anywhere between 1%-30%.