69: What are Exchange Tokens?

Go Full Crypto

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3y ago 30:15

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Cryptocurrencies that are created by some of the world's largest crypto companies are also among the most popular tokens on the market. In this episode, we define exchange tokens, and go into detail about what is valuable about them. It turns out they are quite a bit different than the traditional cryptocurrencies that we're all familiar with. There are dozens of exchange tokens out there, but the majority of the discussion is centered around CRO and BNB.

*note: July 13 and July 31 are the 2 special dates for this month! Mrugakshee misspoke by saying July 30th in this episode.

(00:00) - Introduction

(01:52) - The difficulties faced by certain exchange tokens at the moment

(04:43) - Why, and how is Binance under attack?

(08:40) - What are exchange tokens?

(15:17) - Discussing philosophy when it comes to holding onto, or investing into Exchange Tokens

(22:53) - How competition furthers innovation, and adds value to Exchanges, and their Tokens

(25:00) - The idea of Exchange Tokens being akin to stocks in a company

(28:29) - Closing Thoughts

Edited and Mixed by Kaushik Sethunath.

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