Review on Tokenomy by Praise Olagbadun
Tokenomy Exchange Platform
TThe exchange platforms we have today seems to be completely different from each other. I just found one like that and would be reviewing that today. This exchange platform is known as the Tokenomy exchange platform. It is a Singaporean exchange platform that happens to be among the best Asian exchanges I've used before (can be amongst my best 20 or so). This is because of some specific things the exchange platform has. The exchange platform seems to have something I don't rely like. The fact that they only accept crypto deposits. I actually prefer it when an exchange platform accepts both fiats and crypto deposits as this would enable a trader fund his account directly from his or her account. Another thing I don't really like is the limited number of cryptos this exchange platform accept. This number isn't that bad but I guess they can work on this as it would leave me with numerous choices to make when reading or when selecting a cryptocurrency to invest in.
Now moving to the positive things the Tokenomy exchange platform does. First is their trading fee. I've gradually fallen in love with exchanges that charge far below the industry's average and I guess the Tokenomy exchange platform does that somehow. I used the word "somehow" because of the way they set up their charges. As for makers, the Tokenomy exchange platform charge them nothing at all. The Takers are charged actually and this fee is exactly the industry's average of 0.25%. This fee doesn't look too good for the Takers but looks perfect for Makers and I guess that's one thing I love about it. The exchange platform also offer these Takers a discount if the trading fees are payed with TEN. These Takers are allowed to pay a fee of 0.125% when they pay with TEN (which is exactly half of the normal trading fee). I'm sure they did it this way to make traders use their token more.
As for their interface, I can't call it perfect and it's not bad either. Understanding it isn't too complicated and their design is moderate. Out of all these features, I essentially love the fact that Makers of a trade don't have to pay anything at all.
Pros
- I essentially love the fact that Makers don't have to pay any fee for trades made
- The interface is quite easy to understand
- Traders that use the TEN gets a 50% cut of the trading fee (applicable for only Takers because Makers don't pay anything)
Cons
- I think they should increased the number of cryptocurrencies they accept
- The exchange platform accepts only crypto deposits
