5 Centralised Exchange Tokens To Pay Attention To (2024)

  • Do you like earning regular dividends as passive income?
  • Do you like holding good crypto coins?

If your answer is affirmative, we have similar strategies to make money in the crypto sphere. And if you are not aware of these strategies, don’t worry. You can learn them today by reading this article.

Note: This research is not investment advice. It is for education purposes, kindly do your own research or consult your crypto investment advisor before investing in the market.

The strategy is simple – identify good coins that reward you in one way or another for holding them. And believe me, with the growing cryptosphere, the opportunities to earn dividends via passive income are also increasing.

One such strategy is to identify crypto exchanges that have native coins and offer certain dividends and fee reductions to their users for holding their native coins. Especially in 2024-2025, IEO (Initial exchange offering) is fueling this growth of exchange tokens, and they are becoming a gold mine.

Here are a few reasons why investors and traders like exchange tokens:

1. Exchange tokens like BNB, PT, MX and others help you lower down the trading fees. This is one reason a lot of pro traders or often beginner traders prefer using exchange token to lower down the fees.

2. VIP level – Depending upon how much token you are holding, you can level up your VIP level which comes with a lot of benefits like dedicated account manager, lower fees and so on.

3. Investment – The crypto market is cycling, but people never stop to trade. In a bear market, trading volume may decline, but people still trade. Since the trading business is more transparent than the other speculative parts of cryptocurrencies, many investors prefer crypto exchange tokens in their portfolios.

As of December 2023, these are the most popular exchange tokens:

  1. Binance: BNB Token
  2. MXC exchange: MX Token
  3. Phemex Exchange – PT Token
  4. KuCoin: KCS
  5. HTX: HT token
  6. OkEX: OKB Token

For now, I will list some crypto exchange coins that offer dividends and reduced fees.

Best Crypto Exchange Tokens For Lower Transaction Fees & More Perks

1. BNB

BNB aka Binance token is a native coin of Binance exchange, also an ERC20 token, with a fixed supply of 200 million. Out of this, 100 million BNB tokens were distributed during the ICO last year.

In case you didn’t know, Binance is the best cryptocurrency exchange in the market as of now. To know more about Binance, read this exclusive guide.

You can use BNB to pay any fee on the platform, including, but not limited to:

  • Exchange Fees
  • Withdrawal fees
  • Listing Fees
  • Any other fee applicable

Apart from this, when you use BNB to pay for exchange fees, you will receive a significant discount according to the chart below. You can see their fee structure in detail here.

Fee-Binance

Last, but not least, the token economics of BNB is set in a way that not only you will receive exchange fees reduction, but the net worth of your tokens will keep increasing with time because Binance will buyback 20% BNB tokens every quarter and burn them until the total supply reaches 100 million.

This will naturally drive up the price of BNB tokens. You can learn more about BNB token in our Binance exchange review here.

Disclosure: I bought BNB tokens at $12 a few months ago. Today they are valued well above $15 per coin.

2. MX Token – MEXC Exchange Token

MX is a native token of MXC Exchange which has been recently picking a lot of interest around the globe. Read our full review of MXC exchange here.

MX is also the proof of rights of the MXC community. That is, MX holders have the rights for community event voting and team election etc. This leads to maximisation of the ecological profits of this self-governed community.

MX holders can enjoy a series of rights and interests including asset appreciation, rebates on platform revenue, supervision, voting, etc. The token can be obtained in two ways: mining and buying.

Benefits of MX token:

  • 100% of profits earned by the exchange from spot and ETF trading are used to buy back MX Token, thus controlling the supply of the token in the market,
  • A 20% discount on a trading fee on spot trading,
  • Token holders can vote on listing new coins,
  • Token holders can participate in MX Defi yield farming
  • Token Holders have access to token lotteries such as SpaceX

Coin Tokenomics

With a decent Market Cap of USD 56 Million and daily trading volume of USD 31 Million MX token seems to have substantial growing potential. The coin has a total supply of 608 Million with a circulating supply of 127 Million (21% of total supply).However, everything is not marvelous when it comes to MXC Exchange. Read our concerns about the exchange in our detailed review here. Investors are advised to DYOR before investing.

3. PT Token – Phemex Exchange

Phemex is not a new name in the world of centralised exchanges, but it is less popular than others. Phemex also has an exchange token called PT. Phemex has doneob with its token launch in the year 2023, where they are also giving governance right to PT token stakes an incredible j, which is remarkable in my opinion.

Benefits of PT token:

  • Trading Fee Discounts
  • Staking Yield
  • VIP Privileges
  • DAO Governance
  • Launchpad and Launchpool access

This token is available on the Phemex exchange, and it would be exciting to see when and if this token gets listed on other centralized or decentralized exchanges.

4. ASD token by Ascendex

Ascendex seems to be another upcoming exchange that follows the Binance exchange. The native token ASD offers many great rewards and features. An ERC20-based token that has a limit of 10 billion BTMX. One highlight of Ascendex exchange is; you should be able to buy other exchange tokens. This is something unique and made it worth exploring BTMX from an investment perspective.

Note: Ascendex exchange was earlier known as Bitmax exchange, and ASD token was known as BTMX token.

Note 2: As of December 2023, the exchange trading volume of Ascendex seems to be very low.

Features of BTMX token:

  • Pay dividents for users who lock BTMX token
  • Participate in IEO (Bitmax Launchpad)
  • Trans-fee mining: When a user pay transaction fees for a trade, the platform incentivize in BTMX token. The platform deducts trade transaction fees from traders and then credits their account with BTMX tokens of the same value

Here is the allocation plan for BTMX token:

  • 49% of total issuance is set aside for pre-distribution (5% – early supporters, 4% – strategic partner, 12% – team and platform, 18% – Foundation, 9% – private sales, 1% – marketing and operating)
  • 51% would be released and distributed to incentivize users daily to participate in transaction mining, total BTMX in circulation = daily mining production of BTMX / 51.
  • 10% of the private sale portion (which is 9% of total issuance) would be released prior to the rest of 49%, hence it is designated as a pre-release amount (0.9% of total issuance).

Pre-distribution Token Unlocking Mechanism:

  • Unlocking Mechanism: The number of tokens distributed as part of pre-distribution (49% of total issuance) would be unlocked daily according to the ratio of 49:51 where 51 refers to the day’s mining production output
  • Unlocking Priority: The 10% in the private sales portion (Pre-release) would be first prioritised for preferential unlocking. The rest of the pre-distribution tokens will afterward be subject to the Unlocking Mechanism as described above on the pro-rata base.

5. KCS – KuCoin Exchange Token

KCS is the native token of the well-known KuCoin exchange and is quite similar to Binance’s BNB.

KCS aka KuCoin Shares is an ERC20 token, 100 million of which were distributed in the ICO last year.

You can see the reward ratio of holding KuCoin Share tokens below.

KuCoin-Shares-Chart

Understandably, holding KuCoin Shares is a win-win situation in both the conditions if you are HODLer or trader.

Also, similar to Binance, 10% of their profits will be used in buying back KCS and burning them so that the holders of KCS are rewarded more as a result of the appreciating price.

What I don’t like about KuCoin exchange token?

KuCoin is very irregular with its plan and process. For example, if you visit the official KCS page, it lacks updated information along with a lack of updated coin burn data.

Conclusion: Best Centralised Crypto Exchange Tokens

All the exchanges listed above have similar advantages and it is a profitable idea to hold these tokens. I say profitable because the crypto space is still growing and has not reached its saturation level.

Also, I think such tokens are a must in any crypto portfolio because these tokens are low risk with decent rewards.

That’s it from my side in this article.

Do let me know of the tokens/coins that you intend to buy and hold. Also, share with me if you know of any other crypto exchange coins that pay dividends or offer a reduction in fees for holding them.

A few other hand-picked articles for you to read and widen your knowledge base:

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3 thoughts on “5 Centralised Exchange Tokens To Pay Attention To (2024)”

  1. luigi

    cobinhood ZERO Trading Fees Cryptocurrency Exchange

  2. James Jamieson

    IDEX decebtralised exchange – AURA is the native token, and 2,000,000 (decreasing slightly month by month) are given out to traders each month. AURA can soon be staked for further dividends. They also have a membership coin called IDXM that I hold 0.75 of. Only 2,000 were mined and they sell for about 5 ETH atm. They give the benefit of either double AURA rewards for trading until 2021, or no fees while trading for life – and they are likely to become very valuable. IDEX has a $10 mil a day turnover atm, which is far ahead of any of the other DEXs like bancor and Coss etc – check it on CMC under volumes.

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