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Minna
2 Level
71 Review
1 Karma

Review on EXNCE by Jaybanty Huzzle

Revainrating 2 out of 5

EXNCE never understood the implications of running free airdrops that reduces its liquidity

One thing that many crypto enthusiast will remember the EXNCE exchange for is its plethora of Airdrop that it provided to the users. This exchange was well known for that very sole purpose and I think this reason was what brought down this exchange to the ground. Due to the fact that her Airdrops are usually gotten for free by doing some negligible social tasks, the winners tend to sell off tokens and from this, they get by reducing liquidity in the exchange and making the platform appear to be non worthwhile Today the exchange has lost a lot of liquidity and Traders and is even not in operation anymore They never had their goals preset actively as this address was exactly the keg of gunpowder on which the exchange for sitting on I hope the exchange comes back alive but I am very sceptical about that.

Pros
  • The exchange provided a lot of Airdrops during its active time
Cons
  • The exchange couldn't survive the reducing liquidity