If you are interested in Crypto (electronic money) then surely you have heard of Coin floor?
So what is coin floor? And should we invest and coin the floor? Certainly these will be questions that at least once you have set.
In this article, Ngoc will share in details about what the coin floor concept is and which coin to invest in 2019.
What is Coin Floor?
It must be said that the term “coin floor” has only officially appeared since the last months of 2017. When the rise and strong development of Binance floor accompanied by BNB electronic currency issued by the Binance floor.
Actually, it is not really right to call it a “coin floor”, we can only call it the token of the exchange. (however, in this article, Ngoc will still call it a coin floor because we often call it that).
Coin Deck is a term used to refer to a token coin issued by a Crypto trading platform via an ICO campaign or in the form of redemption. The purpose is that these exchanges create their own token to:
Maintaining and developing ecosystems
Support investors and traders to reduce transaction fees (by using coin floors to pay transaction fees)
And some other unimportant purposes such as: Increasing property holdings, boosting the prestige of the floor, stabilizing prices …
Why are coin floors always attractive to investors?
There are many reasons for coin floors to always be HOT and attract many investors.
But first let’s see the development of a leading coin trading platform today.
That is Binance coin (BNB) – the copper token of the Binance platform issued.
Looking at the chart we see BNB launched around August 2017 with a starting price of about $ 0.1 and only after 1 year the price is currently at 13USD / BNB.
And here are the reasons why coin floors are always attractive:
first. Coin on the floor: As you know, the trading floor is where we can trade, exchange electronic currencies together. However, not every coin is present on the trading floor, especially the large and prestigious floors. The fact that a project after ICO succeeds, the coin “to be on the floor” is a determinant of market liquidity for that coin itself. Coin cannot be on the coin as it cannot be traded or exchanged.
With the floor, customers, investors do not have to worry about the issue of “on the floor or not?” And “the liquidity is high or not?”, Because it is the own coin of the floor then surely will be ICO List that token on their floor to trade and use it as an intermediary coin. Since then, the liquidity of coin floors is huge, so the coin floor has solved a big problem for investors about liquidity.
2. Transaction fee: When trading on the floor you will often lose a fee each time you make a transaction. Most of us do not pay attention to this fee, but if you regularly trade and in large quantities, this fee is also very significant.
Coin flooring came out to help you save a lot more on this fee. Usually when trading on the floor has a lot of coins, you have the right to use that coin as a transaction fee and you will be greatly reduced. Usually 50% (eg Binance floor when you use BNB token as transaction fee).
3. Keeping the coin floor has many benefits: When you hold a significant amount of coins on that floor, your account will often have many benefits. For example, you can participate in VIP program with many incentives, enjoy higher discounts …
With these three main reasons, coin trading always has a large volume of transactions, which is easy to raise according to the development and community of that exchange.
So the question is …
Should I invest in a coin market?
Actually, there is no exact question for this answer, because not every coin has the same strong growth rate as Binance coin above. Therefore, in order to search for a floor to invest, it is necessary to be quick, good analytical skills, understand the market and especially you need to know well the development strategy of that floor.
Going back to the question, “Should we invest in a coin market?”, It is “Yes” for individuals, but must be carefully selected.
There are several reasons that Ngoc thinks we should “keep an eye on” and pay attention to investing in coin floors:
Reduce transaction fees: This I have said above already, you use the coin floor to buy and sell other coins will save a lot of special fees for you who trade a lot every day.
The liquidity of a very high coin floor: If you’ve ever had the chance to have coins carried on the floor, no one will buy it to understand the importance of liquidity. With a coin floor, you will never be afraid, how much you sell, the floor they will buy with all.
High potential & stable price: With the above two factors, it is easy to see the price increase. Coin flooring is an indispensable part to maintain & develop the system of the floor, so it is certain that the board of directors will not “take the market” and will have to constantly search for strategies to deliver developing coin floor. Since then its price will grow steadily and always have high stability (i.e., fluctuations in prices are relatively low and short).
Enjoy many incentives: When you hold many coins of the floor, you will often be entitled to incentives, bonus programs of the floor …
Where to buy coin floors?
Of course on that floor, because Binance floor will definitely never list the Houbi floor coin, right!
Currently how many coin floors?
There are lots of exchanges, but not every floor releases their own coins.
Currently tend to distribute coin floors quite a lot because of its potential but there will be 5 copper coins worth the most investment that you can refer right below.
- Binance Token (BNB)
Needless to say, BNB has been the most powerful coin floor today and is also the highest price in all coin markets.
To own BNB you just need to create an account under this guide and buy it.
- Houbi Token (HT)
It is Huobi.pro’s coin coin, this is the rival floor with Binance and is currently the top 3 in the world. At the moment Ngoc writes this article, the price of HT is also quite cheap (fluctuating at about $ 3 / HT) so if you want to invest in a coin, HT is a good choice.
- Bibox Token (BIX)
This is also a major coin of Bibox floor – also a popular electronic money trading platform of China and has a similar way of operating with Binance. The current trading volume is also very large. When Ngoc wrote this article, the price of BX was also quite cheap (fluctuating at about $ 1 / BX).
In order to own BIX you just need to create an account under this guide and buy it.
- Kucoin Shares (KCS)
Is the main coin of Kucoin floor – a pretty trading floor with the total trading volume at the moment is about $ 47,564,409 USD. The price of KCS at the time of this article fluctuates at about $ 2.5 / KCS)
- Cobinhood (COB)
The main coin of Cobinhood floor – this is a relatively uncommon trading floor, the trading volume is currently $ 1,976,867 USD. However, this is also a list of many potential coins, so you can consider COB investment.
So with this post, Ngoc hopes to give you a clear view to know what is coin floor? The potential of coin floors and why should invest in coin floors.
In addition to the 5 copper coins listed above, you can also consider if you want to find a coin coin to invest.
The trend of coin trading in 2018 began to flourish, in the future it is expected that more exchanges will issue their own coins to compete with Binance or Huobi, before this investment wave saturates you, Find me a good way and a good coin to invest now.
If you know any potential coin floor or prepare to launch, you can also share with Ngoc and everyone at the comment below.