Exchange Tokens are the Main Winners of 2019

Exchange Tokens are the Main Winners of 2019

There is no doubt that 2019 is a bullish year for Bitcoin. But there is another class of crypto assets for which even better times have come - exchange tokens.

The tokens of the cryptocurrency exchanges Binance Coin, Huobi and Kucoin are one of the most profitable digital assets in terms of annual profitability. The first two have even surpassed the rate of the leading crypto. Of course, in terms of growth, they significantly exceed the main altcoins, for example, Bitcoin Cash, Ripple and Ethereum.

The reasons for the success of Binance Coin are known, as well as the Huobi and Kucoin tokens. Almost all of them offer discounts or dividends on transaction fees during IEO.

Besides, the Binance and Huobi exchange tokens have other similarities: they are subject to mandatory burning, which reduces emissions and creates an asset shortage.

The success of such tokens in 2019 may indicate the growing interest of investors who demonstrate high trading activity.

However, there are other less-known but promising exchanges. Lukki is an example of such. It is a reliable trading platform with its native exchange token - LOT. However, one of the main advantages of Lukki is its IEO Launchpad. Such projects as Venus Energy and Lancer.Network successfully collected $1 Mln over the two rounds of IEO. P2PS is another startup, currently running a token sale on the Launchpad, meaning that the platform is popular among investors.

On August 16 EarhBi holds IEO on Lukki. It combines the virtual world - through the development of a unique utility token for the "green" sector called "ERA" - the creation of polymers with features of high biodegradability and quality and wide use.

Publication date: 
08/12/2019 - 12:30

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