Last year showed excellent results on exchange tokens (sales of native tokens of cryptocurrency exchanges).
CoinMarketCap in its annual report called exchange tokens the secret Grail of the year about which few could know.
Exchange tokens showed the highest ROI and some of them exceeded Bitcoin.
Recently, the TokenInsight analytical agency published a report on exchanges for the 1st quarter of 2020. The report analyzed data from 295 crypto exchanges, as well as the trends of exchange tokens.
“In the first quarter of 2020, 41% of the total number of exchange tokens increased in price, but only 5 exchange tokens grew by more than 20%: OKB, BHT, ZT (ZBG Token), LEO and ZB. Among them, the internal token of the ZBG (ZT) exchange grew by almost 50% in the first quarter of 2020, taking first place among exchange tokens of young exchanges, ”
OKB recorded a growth of + 65%, the native token of the ZB.com (ZB) exchange grew by + 21%, taking second place among the native tokens of the main Tier exchanges.
Cryptocurrency Exchange Growth
The increase in the value of exchange tokens in a falling market can be associated with the efforts of cryptocurrency exchanges to create more successful options for using their native tokens.
Let's take a closer look at the list of all five tokens, which according to the Tokeninsight report showed a return of over 20% according to the results of the 1st quarter of 2020.
OKEx Utility token
OKB is a native token created by the OKEx cryptocurrency exchange. It functions very similar to other popular exchange coins. The market capitalization of the OKB coin at the moment is $ 296 million. Its trading volumes reach $ 136 million.
BHT
BHT is a native token created by the BHEX cryptocurrency exchange. The current market capitalization of BHT coins is $ 22.4 million. Trading volumes are $ 1.6 million. The token is listed on the Huobi and HBTC exchanges.
ZBG Token (ZT)
ZBG Token (ZT) is a native token of the ZBG cryptocurrency exchange, which was launched in 2018. With a market capitalization of $ 26.6 million, ZT is the 125th largest cryptocurrency according to the CoinGecko rating.
In the 1st quarter, the token grew by 43%, but in 2019, everything was far from so rosy; according to the results of 2019, the token showed negative profitability and an unprecedented minimum. 2020 brought ZT new strength, the coin approached a record high of $ 0.06 and there is potential for further growth.
ZT can be used to purchase VIP membership on the exchange with a multi-level scheme of discounts on transaction fees, to participate in ZBG IEO projects and trade with other cryptocurrencies listed on the ZBG platform.
ZBG Token is listed on the ZBG exchange, as well as on the BW, EXX and Dobi Exchange.
UNUS SED LEO (LEO)
UNUS SED LEO (LEO) is a native Bitfinex exchange token issued on the basis of the Ethereum blockchain and has the ERC20 standard. With a market capitalization of $ 1.05 billion, LEO is the 16th largest cryptocurrency.
The cost of 1 LEO fluctuates around one dollar, the daily trading volume is about $ 11 million.
ZB Token (ZB)
ZB Token is a native token of the ZB.com exchange that has been operating on the market since 2013 and has a reputation as one of the most reliable trading platforms.
Key members of the project team have extensive experience in the field of blockchain and the financial industry.
The platform regularly redeems ZB and burns them, thereby ensuring the stability (and growth in the long run) of the cost.
ZB Token has a market capitalization of around $ 150 million.
The cost of 1 ZB in the region of $ 0.24, daily trading volumes in excess of $ 40 million.
The token can be bought on 15 exchanges, including Bitfinex, ZBG, Hotbit, BW, Biki and others.
The cost of exchange tokens is determined by the fundamental performance of the platform, the economy of tokens, potential profitability and scenarios for the use of exchange tokens.
Native exchange tokens are similar to securities in their properties. In general, four factors influence the development prospects and the value of exchange tokens:
fundamental indicators of the platform,
the cost of using the token,
token economy and
speculative potential value (i.e. potential return).
