2018-6-26 15:58 |
The recently introduced “trans-fee mining” revenue model is starting to change the cryptocurrency exchange landscape, despite some criticism of the method from industry insiders.
According to CoinMarketCap, two exchanges have just shot to the top of the 24-hour trading volume rankings after rolling out trans-fee mining for users.
First featured by FCoin, a new exchange launched in May by a former chief technology officer of Huobi, the trans-fee mining model sees crypto exchanges issue their own tokens as a means to incentivize users to trade on the platform.
Zhao Changpeng, founder and CEO of Binance, further questioned whether the model is sustainable in the long-term.
BigONE – an exchange backed by Chinese crypto investor Li Xiaolai – is also moving to adopt the model, according to the company’s website.
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