While most of the assets suffered in 2019, the exchange-related tokens offered investors the best return of investment for the year as we are reading further in the latest altcoin news.
The crypto industry is ever-changing and is moving fast, being driven by wild speculation and hype. What the exchange-related tokens do to dominate the market is to also change depending on the global regulatory climate and many other factors. Back in 2017, there were ICOs that were bought up by investors that wanted to become wealthy fast but the new crypto tokens in 2019 or the exchange tokens were native to specific crypto exchanges or trading platforms and were designed to offer the users a number of additional incentives and utility.
According to crypto analysts, these types of exchange-related crypto assets dominated the top 5 projects on the market which brought the investors the most returns in 2019. Some of the projects that made it to the list include Chainlink and Tezos while three of them are crypto exchanges such as Binance Coin, OKEx, OKB and Huobi Token. Binance Coin and OKB offered the investors a high return of 135 percent and 155 percent while they don’t match up with the biggest one of all which is Chainlink.
Bitcoin would actually rank on the sixth position behind the Binance Coin among the list of the best performing ROI assets in 2019. The exchange tokens offer the holders a lot of incentives and make them more attractive than other crypto assets which don’t provide much utility. The utility usually causes the value of these assets to increase during the year and some of the other incentives include things such as fee discounts that can be used for voting. IEO tokens replaced the ICO tokens as the new initial exchange offering to crowdsource provides more investors protections than the ICOs.
The support from the exchanges also makes sure that any project that gets listed is legitimate and offers real-world value and are just fly-by schemes that hoped to secure funding only to reach an exit scam later. These IEO tokens along with the new altcoins are said to be among the top performers in the next bull market.
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