#XmasCryptoMiracles
YET IS IT NECESSARY TO OWN A CEX’S NATIVE CRYPTOCURRENCY?🤔
1. User Cost Reduction
Native tokens are often used to pay transaction fees on the platform at a discounted rate. For example, Binance uses its native token BNB to offer discounts on trading fees.
This incentivizes users to hold and use these tokens, increasing their utility.
2. Economics and Business Model
The native token allows the platform to generate revenue through its initial coin offering (ICO/IEO). These funds can finance infrastructure development or service expansion.
By controlling a token, the platform can influence its internal economics, such as fees, incentives, or distribution.
3. Increased user loyalty
Native tokens are often integrated into loyalty programs, such as staking rewards or airdrops. This encourages users to stay active on the platform.
An engaged community around the token creates a vibrant and loyal ecosystem.
4. Diversified use cases
Native tokens are used for much more than fees: they can be used to vote on governance decisions, participate in funding projects (such as Launchpads), or obtain exclusive benefits.
This gives a key role to holders, reinforcing their commitment to the platform.
5. Benefits for the platform itself
Centralized platforms use native tokens as leverage to stabilize their ecosystem, manage liquidity, and attract new users.
They can also periodically burn a portion of the tokens in circulation, artificially increasing their scarcity and perceived value.
