Review on NOW Token by David Olayide
The Now Token
Let’s talk about the native cryptocurrency token of a cryptocurrency exchange platform. It is no longer a new thing to see that most cryptocurrency exchanges are now creating their own tokens as a means to reduce the money spent on charges for transactions. However at the moment, we are talking about the cryptocurrency token called NOW. This token, is the native digital asset introduced by an exchange platform to serve as an internal currency on NOW products.
So even currently, the NOW token is used as a means of payment in the ChangeNOW’s exchange platform. If you consider it carefully, you’ll see that it is a good thing for an exchange platform to have it’s own stake-able token.
You might be wondering just how solid the NOW token is do I should probably say it even got listed on IDEX and is now available for trading. The NOW token was also listed on Binance DEX. About 50% of the NOW Token available, was burnt on the Ethereum Blockchain and released on the Binance Mainnet. ERC-20 NOW Tokens are available for exchanging to Binance Chain NOW Tokens free of charge on the ChangeNOW website. You’ll also find the token's liquidity has been added to Uniswap.
Pros
- Utility token of the exchange platform
- The token is in built and used to reduce charges
Cons
- Low priced
