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Exchange-specific cryptos

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Exchange-specific cryptos are mainly introduced and used by the cryptocurrency exchanges. You can think of these cryptos as incentives that bring people to the exchanges’ platforms. For tips on selecting the best exchange-specific cryptocurrency and choosing the best cryptocurrency exchange, see Book 5, Chapter 3. Here are a few examples of these currencies.

 Binance Coin (BNB): Issued by Binance exchange, Binance Coin runs on the Ethereum platform and has a strict maximum limit of 200 million BNB tokens. See www.binance.com/.

 KuCoin Shares (KCS): KuCoin Shares is just like Binance Coin but for the KuCoin exchange. See www.kucoin.com/.

 Bibox Token (BIX): Bibox Token is one of the smaller exchanges that has successfully launched its own token. See www.bibox.com/.

Cryptocurrency All-in-One For Dummies

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