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ExtStock Token Review

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Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects, ERC20

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Description of ExtStock Token

XT is the official ExtStock exchange token that will be the foundation of the future ExtStock ecosystem. The XT token was originally launched on the Ethereum blockchain (ERC-20) on February 2020, however, it is planned to transfer it to proprietary ExtChain blockchain in the future. For the first time, the XT token will be used to pay for trading commissions, as well as referral payouts. The volume of trading commissions will greatly depend on the current balance in XT tokens, which will significantly save on high-frequency trading. ExtStock exchange plans to burn up to 10% of the token issue every quarter, in order to gradually reduce its volume in circulation and increase liquidity and cost.

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Revainrating 3 out of 5

Exchange token, soon with its chain.

It is a utility token of the extstock exchange that has good liquidity and a high security standard. Currently the XT token will be the base of the blockchain that ExtStock will use. It is a token within the ETH platform under the ERC-20 standard but in its entirety the tokens will be exchanged in its new ExtChain chain. In general, this asset is planned to mobilize the entire network in addition to the creation of decentralized and centralized markets, with power of flight for those who…

Pros
  • Good volume of exchange.
  • Volume reduction every quarter.
  • Repurchase of tokens to price increase.
  • By registering as a referral you can make a profit
  • You deduct commissions by maintaining and you pay fees with this asset.  
Cons
  • Currently the information of this token is not updated.
  • This exchange charges fees in etherium to withdraw the tokens and not the token like other exchanges so it does not have much utility