Is there a name for tokens like KCS, CEL and NEXO? I mean, tokens…

@technicallyproduct 24 October 2021 more from that month

Is there a name for tokens like KCS, CEL and NEXO? I mean, tokens that support centralized exchanges and offer HODL rewards? Whatever they're called, they're doing pretty well at the moment. Look at the 14-day chart for KCS (KuCoin Token) for example - it's the stereotypical 'up and to the right' graph! #CryptoTrading

+KT
+BCH

5 comments

@CryptoSorted 27 October 2021

They're called "dividend tokens" But they're relaxing the word "dividend" I'm favour of "reward" now to avoid being called securities. So we can also call them reward tokens.
@BitcoinBaby 25 October 2021

Kcs is indeed doing amazing I expect 19 dollars by Friday and I will sell some because that is 10 dollar or more profit per coin.
@borgminer 24 October 2021

I guess in the end the utility wins
@OldBastard 25 October 2021

Neato. However, since I don’t understand these coins, I’m sticking to Cosmos and Cardano. May we both become rich!
- @BitcoinBaby 25 October 2021
  
  KCS is a nice one indeed, it pays for holding and is quite stable already made about 8 dollar just holding 20 KCS but will sell half when it hits 19 dollars...