Swap-based tokens based on market cap
There has been so much talk about bitcoin and ETFs that we are forgetting that behind it, there is a world of possibilities to take into account, in the new finances referenced to blockchain and decentralized finance.
Today I would like to talk about very interesting tokens, many of them already consolidated (within the short history of the crypto world).
SWAP-BASED TOKENS
"Swap-based tokens" is a broad term that could refer to tokens associated with regulated centralized exchanges (CEXs), decentralized exchanges (DEXs) and automated market makers (AMMs) in the cryptocurrency space. These tokens often play a role in facilitating decentralized trading and liquidity provision.
Automated market makers operate on the principle of liquidity pools, where users can deposit tokens into a pool to provide liquidity and, in return, receive a new token representing their share of the pool. These new tokens are often referred to as "swap-based tokens" or "liquidity tokens." Users can later redeem these tokens to withdraw their share of the pool.
CEX token: Binance has its native utility token called Binance Coin (BNB). BNB was initially created as an ERC-20 token on the Ethereum blockchain but later migrated to Binance Chain, Binance's native blockchain, as at the moment the maximum exponent of the tokens referenced to this category, within the centralized exchanges.
Other CEX Swap-based token are OKEX, LEO, OKB CRO and many more…
DEX token: One of the well-known examples is the Uniswap decentralized exchange, which issues Liquidity Provider (LP) tokens to users who contribute to liquidity pools. The LP tokens represent the user's share of the pool and can be traded or redeemed as desired.
Other DEX Swap-based token are RUNE, SNC, DYDX, CAKE, CRV, IINCH, SUSHI, OSMO. CETUS and many more…
领英推荐
BELOBABA and its BBCN token
BELOBABA also has its own token, called BBCN, but with an important novelty: Not only will it be a swap-based token on the dex exchange, but it will also fulfill functions within traditional banking. BELOBABA, with its new web banking services web3, will work in a certain way, in a hybrid way, uniting traditional banking and investment finance and services with new exchange and decentralized finance services.
Perhaps the BELOBABA token could therefore have a new category of token, since as it unites both worlds, placing it only in a single space could be complicated, and it has occurred to me that we could call it something like this:
Swap-based & CEX-hybrid token.
Be that as it may, BELOBABA is arriving, the APP especially types of hybrid services, as mentioned, is about to open and the BBCN token will have a lot of future attention, due to fundamentals, above all. Great point on which to raise what to do in our portfolio.
The content is for information purposes only, you should not construe any such information or other material as investment advice.