Exchange Tokens: A Growing Trend in Crypto

[Stompix]

Well, the first one is actually a coin, not a token, with its own chain and not piggy-riding on either Ethereum or Solana.
As for the hype around them I think it has actually died down, the exchange tokens were all the rage back in the last bull run, and after the FTX and Luna crash I doubt anyone will be that thrilled to put their money in them, besides they act like a security, one beah of the said exchange and your coins goes against the market.
I don't see any fomo forming around them for a while, and with more regulations, I see fewer exchanges trying to do it.

[KryptoBull]

Yes, this is the only good thing about native exchange tokens, other than that, they are not good at all and it is better not to hold them in the long run.

I personally do not trust native exchange tokens, even those of large platforms like BNB Binance token, because they are completely centralized and there is no transparency in the size of the real reserves backed by them, as all this data can be manipulated by the exchanges.

Binance and many other large CEXs release monthly reports on proof of reserves, which you can refer to. I think they are reliable, but trading volume data can be manipulated for certain purposes.

BNB chain is decentralized, although there are always conspiracy theories about Binance operating many nodes in that blockchain. Compared to most other tokens in the market, CEX-tokens always have clear utility: reduced transaction fees and participation in exclusive IEOs. Except for FTT which failed in the FTX collapse, large CEX-tokens like BNB, OKB, KCS, and GT have been quite successful and profitable for investors.

[|MINER|]

About the investment on centralized exchangers coins I have always interested before the incident of FTX crash. I saw lots of peoples just lose their fund in a few hours.

And this is why my interest on centralised exchangers token decreased most likely I will not going to invest any of centralized exchangers token except the binance and I have few investment on binance and I am intend to book my profit so soon.