Cryptocurrency exchange tokens – comparison!

In 2017, Binance presented its token to the world, collecting $15 million during ICO. After the success of Binance, other cryptocurrency exchanges, such as Huobi and KuCoin, began issuing their own tokens. What benefits do they give? Check it in our new article!

 

Binance Coin (BNB)

Binance Coin is the world’s first utility token created by the largest cryptocurrency exchange platform – Binance. Binance Coin was based on Ethereum blockchain, so it was previously a ERC-20 type. Currently, Binance Coin is based on its own blockchain and used to reduce transaction fees for Binance users, giving the right to vote on new cryptocurrencies to be listed on the platform and increasing profits for referrals.

During the first year of running the platform, the rebate on transaction fees was 50%, then it was halved, currently it is 25% and soon (after August 1, 2019) it will be reduced to 12.5%.

The total supply of BNB (Binance Coin) is as much as 200 million pieces, but it is subject to cyclical burning. While most cryptocurrency projects use Proof-of-Stake or Proof-of-Work, Binance tests the so-called Proof-of-Burn. The advantages of such a solution are reduced energy consumption, no need to use mining equipment and the fact that the distribution of coins is less centralized.

The current Binance Coin price is around $31 and it is in the top 10 at the market capitalization ranking.

 

Huobi (HT)

Huobi Token is not a token that carried out fundraising through ICO. Users can obtain it by buying “Point Cards” on the Huobi Pro. “Point Card” is a Huobi prepaid card for basic transaction fees. 1 point = 1 USDT. The total supply of Huobi Token is 500 million pieces, of which 300 million will be distributed during the sale of Point Cards. Available trading pairs are HT / USDT, HT / BTC and HT / ETH.

 

Main benefits for Huobi tokens owners:

Discount on transaction fees: up to 50%

Liquidity protection: Huobi buys Huobi tokens every quarter on the open market in order to ensure sufficient liquidity. Tokens will be used to protect the interests of users and to compensate for their losses in an emergency.

Special events: HT token holders may from time to time take part in special events such as airdrops

Voting: The right to vote on the cryptocurrencies available on the platform

 

KuCoin Shares (KCS)

KuCoin Shares (KCS) is a token based on Ethereum issued by the KuCoin exchange platform. KuCoin Shares is one of the few tokens that consistently pay dividends to its holders. Since the value of KCS is closely based on the turnover of the KuCoin stock exchange, investors should be especially observant of it, if they believe that KuCoin value will grow in the near future. Currently, KuCoin Shares’s price is around $1.35 with market capitalization of $121 million (top 60 in the CoinMarketCap ranking).

 

Main benefits:

Discount for traders – You get a 1% discount on trade fees for every 1000 KCS you have, up to a maximum of 30%.

Dividends – Every day KuCoin uses 50% of all trading fees to buy back KCS and transfer it to the holders of the token. You can check in a special KuCoin calculator how much you will earn by hodling KuCoin Shares.

 

Bitfinex (LEO)

Unus Sed Leo (LEO) is a token created by iFinex, which manages projects such as Bitfinex, Ethfinex, Eosfinex and Tether. The LEO token is a utility token for current and future trading platforms and iFinex services. The total LEO supply is 1 billion LEO; it was initially sold for 1 USDT. Currently, the LEO price is around USD 1.34. Available trading pairs are: LEO / USDT, LEO / USD, LEO / BTC, LEO / ETH, LEO / EOS, LEO / DAI.

Interestingly, the LEO brings innovation: it is based on two blockchains: EOS and Ethereum. With a pool of 1 billion, 660 million tokens have been issued based on Ethreum, 340 million – on EOS. Bitfinex acts as a bridge between two protocols – you can easily deposit 1 LEO-ERC 20, and then withdraw 1 LEO-EOS.

 

Main benefits for LEO holders:

Reduced taker trading fees for crypto-crypto transactions up to 15%;

An additional 10% reduction of the fee for traders who have 5000 or more USDT value in tokens on their account.

Up to 25% reduction of fees for deposits and withdrawals

 

CoinCasso (CCX)

The CCX token (CoinCasso Exchange Token) is an ERC-20 type token. Holders of CCX tokens have a democratic influence on the CoinCasso holistic project, which was the first in the world to introduce a unique system of sharing 80% of profits with its users. One of the CoinCasso products is the hybrid cryptocurrency exchange platform CoinCasso Exchange 2.0, which will be launched in the coming weeks. It will combine the advantages of centralized and decentralized platforms.

 

In addition, possession of CCX tokens activates membership, and the key benefits will be:

• Passive and active influence on the implementation of innovations,
• The right to vote, decide on changes in the operation of the exchange – among others about adding tokens and structural changes on the entire platform,
• Priority in listing new currencies,
• The possibility of exchanging CCX for services offered by the company,
• Discounts on transaction fees – up to 50%,
• The opportunity to receive a membership bonus, from a division of 80% of profits,
• Larger commissions on the affiliate program – up to 50%.

 

CoinCasso’s ICO lasts until the end of 2019. The current CCX price, as of July 23, is $5.61. The total supply of tokens is 100 million pieces. The company has already sold over 6.5 million tokens and has reached a soft cap of $3.5M.

 

	CCX	BNB	LEO	KCS	HT
Max supply	100,000,000	200,000,000	1 000 000 000	200,000,000	500 000 000
Discount fee	Up to 50%	Currently 25%	Up to 25%	Up to 30%	Up to 50%
Blockchain	Ethereum	own	Ethereum & EOS	Ethereum	Ethereum
Profit sharing	+	–	–	+	–

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