Three Exchange Tokens You Should Watch in 2022: KuCoin Token (KCS), Huobi Token (HT), and Parody Coin (PARO)

New York, US, 8th June 2022, ZEXPRWIRE, Exchanges are an integral part of the crypto ecosystem. 

An exchange allows users to buy, sell, trade, and store cryptocurrency. 

They are also regarded as the fiat on ramps as they are the easiest way for users to add or remove liquidity from crypto. 

With this in mind, it is easy to see how important an exchange is to the crypto community. 

Some exchanges have their token which derives value from the exchange. The more utility a token has, the more valuable it becomes. 

In addition, these tokens derive their value from the amount of activity on the exchange.

Investors are always on the lookout for the next breakout token to invest their money. Here are three exchange tokens that could be considered shrewd investments: KuCoin Token (KCS), Huobi Token (HT), and Parody Coin (PARO). 

These exchange tokens are backed by some of the best exchanges in crypto right now. 

With their current trajectory, there is no telling how high these tokens will soar.

KuCoin Token (KCS) continues to expand the KuCoin ecosystem

KuCoin Token (KCS) is the native token of KuCoin, the fourth largest crypto exchange by volume traded.

The exchange was launched in 2017 and has continued to facilitate crypto trades since then.

The token was launched on the Ethereum (ETH) blockchain under the ERC-20 token standard.

Initially, it was used as a means to share profit with traders but KuCoin has said it would become its default governance token once its decentralized trading solution launches. 

Initially, the supply cap was set at 200 million KCS tokens but with the exchanges’ proposed buybacks and burn, this number would be cut to 100 million. 

KCS will become the key to the entire KuCoin ecosystem as more benefits are set to be launched for holders of the KCS tokens.

With the development of its KuChain and DEX, it is apparent that the value of the KCS token is set to further skyrocket. 

KCS is set to be the central token sitting in a strong ecosystem.

How valuable is Huobi Token (HT)?

Huobi Token (HT) is the native token for the Huobi exchange.  It is an ERC-20 Token built on the Ethereum (ETH) blockchain.

Although it is a relatively new token (launched in 2018), it has quite the utility on the Huobi exchange. 

Holders can use it to purchase VIP memberships that reduce trading fees. In addition, they can also use it to reduce the commissions from trading. 

In line with empowering its users, the Huobi token acts as a governance token that allows holders to vote on decisions affecting the exchange. 

HT holders can swap the token for any other token of their choice and they can also spend it directly on the exchange. 

HT is a flexible token that gives traders more value from the Huobi exchange. With this token, users can unlock so much value from the exchange.

DeFi is the way with Parody Coin (PARO)

Parody Coin is a DeFi project with the PARO token. The exchange aims to bring liquidity from multiple sources to one point where users can interact with liquidity across chains. 

Its multi-chain feature allows its users to not be restricted in choice when sourcing for liquidity.

Furthermore, the PARO token plays a key role in the projects as it is used to generate earnings and pay rewards within the PAROverse ecosystem. 

Another interesting fact about PARO is that it is built on the Binance Smart Chain under the BEP-20 token standard. 

Furthermore, users can decide to stake, swap, or sell this token without being locked into positions like other DEXs. 

View the official links and handles below.

Join Presale: https://presale.parodycoin.io/register

Telegram: https://t.me/PARODYCOIN_OFFICIAL