Review on BitForex Token by LUIS RIVERO R
Token with utility only within Bitforex.
This is a utility token of the Bitforex exchange, its main exchange is this, currently its trade volume is processed within it according to reported data, it has good liquids so this token can be used for trading, since they usually have a lot of movement.
It is currently listed on two exchanges, although most of the volume is on Bitforex. An important aspect is that it lacks utility outside the platform, during its launch 50% were sold, the additional tokens were distributed among the management and support group in addition to air launch.
Pros
- Utility token backed by Bitforex encrypted exchange.
- By having this token stored you can pay transaction fees in addition to receiving discounts.
- It has great volume charity
Cons
- It is of no use outside of your exchange.
- There are a large number of tokens and projects that are backed by exchanges. These types of assets are generally illiquid.
