Review on FLEX by Pedro O. Alvino M.
CoinFLEX platform utility token.
Native token of the CoinFLEX platform, which is a crypto-asset trading platform and various trading mechanisms, grants FLEX holders several benefits in terms of reducing fees in terms of their trading model in different models, as well as the service of loans and has a percentage burn design each month made by the leaders of the platform.
The system of burning the FLEX token reduces in a certain way the total circulating supply, which generally to see fewer tokens can have a greater demand and price performance in the market, since the utility offered by the token in the CoinFLEX ecosystem is very high, although the performance of the token in the market will also depend on the status and operation of the CoinFLEX platform.
Currently the token does not precede much demand given the performance in the market that the CoinFLEX platform has, so that outside the CoinFLEX ecosystem the FLEX token is totally null, therefore it resides a lot in the state of the CoinFLEX service, although it is worth adding which has great long-term potential, so that both the utility in the platform's governance system and the platform's fee reduction mechanism can drive its price.
Pros
- Provides fee reduction on the CoinFLEX exchange.
- It has a supply burning mechanism that promotes long-term performance.
- Offers voting power in the platform's governance ecosystem and provides percentage rewards.
- Provides various trading benefits for traders on the CoinFLEX platform.
Cons
- The usefulness of the token outside the CoinFLEX ecosystem is totally nil.
- It has very little commercial mobility in the market.
