In times like these when people don’t see the future for cryptocurrency and most retail investors are leaving the space by the day, it’s the best time to explore and investigate better the projects you like. In a Bear Market there are tokens that stop bringing value or just bring less value to the tokens like for example platform tokens that are used to pay transactions or contracts in the crowdfunding, well if there are no new ICOs then the platforms start to get stagnant and their tokens start to lose value because the existing ICOs start to sell the tokens that they raised funds. So what tokens could grow in value in a Bear Market? Exchange tokens are a very good example of tokens that will bring value in a Bear or Bull Market because investors and traders trade all the time whether the market is rising or falling.
BNB is the Binance token, so if you use the BNB you get a discount for trading, plus you receive a percentage of the profits that Binance does. Binance is one of the biggest if not the biggest crypto Custodial Exchange that has made more money quarterly then old banks like Deutsche Bank. At the time of writing, BNB has fallen less than BTC, BNB has fallen since All-Time High 78% and BTC has fallen 78.6%, meaning BNB could be a better store of value in times of crisis than the actual king of cryptos Bitcoin.
Why can be SWTH bigger than BNB? SWTH is the native token of Switcheo Network a decentralized exchange with a Hybrid order matching that uses off-chains transactions and on-chain settlements. It’s a very user-friendly exchange and users always have control over their funds, plus the deposit/withdraws take about 30s to execute, no more 12 or 8 block confirmations like Binance does. Switcheo is making the rights steps and they are building like there is no tomorrow, they recently released their Callisto update with ERC20 Tokens, so Switcheo now has nep-5 and erco20 trading available. How will these updates bring value to the SWTH token Holders? Its simple SWTH has a 100% token burn, meaning all the SWTH fees will be burned and by burning tokens the supply will be reduced and will cause a new equilibrium between demand and offer to create a more valuable token with less supply available. That’s the incentive for the token holders but what’s the incentive for the user of the exchange you may consider? Just like Binance uses BNB to give a discount to traders, the same applies to users that transact on the Switcheo DEX, by using the SWTH as fees you will get a discount on your transactions. There is more to come, the Switcheo team is considering building a side chain in the NEO Blockchain and the side chain will require nodes to confirm transactions trough Proof-of-Stake, so that will bring stake with incentives to the SWTH token Holders. It's not yet confirmed how all of this will play out.
It’s a project and token to keep an eye and explore the dedication and the amount of work and development that the Switcheo team is bringing to the market.
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Disclaimer: Im very passionate about new tech. Im an entrepreneur with a background in finance. Im not a financial adviser and this article do not consist of investment advice, this is only my opinion.