Exchange Coin：加密货币交易所发布的加密货币综合指南

交易所币是由加密货币交易所发行的加密货币，用于在交易所生态系统内提供不同的实用功能。这些代币有时称为交易代币，为用户提供各种好处，包括质押奖励、交易费用折扣以及特殊功能和服务的使用权。

An exchange coin is a type of cryptocurrency issued by a crypto exchange. The coins, sometimes called exchange tokens, serve different utility functions within the issuing exchange’s ecosystem.

交易所币是由加密货币交易所发行的一种加密货币。这些代币有时称为交易所代币，在发行交易所的生态系统中提供不同的效用功能。

For example, most exchange coins offer users discounts on trading fees when used to pay for transactions on the exchange. BNB (BNB), for example, provides reduced trading fees on the Binance platform.

例如，大多数交易所代币在用于支付交易所交易时为用户提供交易费用折扣。例如，BNB（BNB）在币安平台上提供较低的交易费用。

Another common utility is staking, where the users can stake their exchange coins to earn rewards, including extra coins or tokens, or participate in different exchange activities, like voting on new token listings.

另一个常见的实用程序是质押，用户可以质押他们的交易所代币以获得奖励，包括额外的代币或代币，或参与不同的交易活动，例如对新代币列表进行投票。

Owning exchange coins mostly gives the users access to special features or services on the exchange, including premium customer support or participation in token sales known as initial exchange offerings (IEOs).

拥有交易所代币主要使用户能够访问交易所的特殊功能或服务，包括高级客户支持或参与称为初始交易所产品（IEO）的代币销售。

Some exchange coins are used for several other purposes, including collateral for loans, cross-platform transactions, or as a base trading pair for other cryptos, despite this being a rarer use case.

一些交易所代币还用于其他几种用途，包括贷款抵押品、跨平台交易或作为其他加密货币的基础交易对，尽管这是一种较为罕见的用例。

While the terms ‘token’ and ‘coin’ are mostly used interchangeably, the truth is their exact use cases differ slightly.

虽然“代币”和“硬币”这两个术语大多可以互换使用，但事实是它们的确切用例略有不同。

Everything comes down to whether a crypto is the native coin of a blockchain or is powered upon it based on a preset token standard.

一切都取决于加密货币是区块链的原生货币还是基于预设的代币标准。

For example, BNB is the native crypto of the BNB Smart Chain, the blockchain that underpins the Binance exchange. As the exchange coin is native to the network and used to pay the gas fees, it must be perfectly classified as an ‘exchange coin.’

例如，BNB 是 BNB 智能链的原生加密货币，BNB 智能链是支撑币安交易所的区块链。由于交换币是网络原生的并用于支付汽油费，因此它必须被完美地归类为“交换币”。

Then, there is the KuCoin Token (KCS), the exchange “coin” of the KuCoin exchange. As KCS is an ERC-20 token running on Ethereum, it should be correctly defined as an ‘exchange token.’

然后是库币代币（KCS），库币交易所的交易所“币”。由于 KCS 是在以太坊上运行的 ERC-20 代币，因此应该将其正确定义为“交换代币”。

Later in a project’s life cycle, this project’s team might develop its blockchain and migrate its existing exchange token to the native network.

在项目生命周期的后期，该项目的团队可能会开发其区块链并将其现有的交换代币迁移到本机网络。

For instance, the Crypto.com exchange coin Cronos (CRO) started as an ERC-20 token on Ethereum. Nonetheless, in November 2021, the project moved the token to the Cronos blockchain, currently operating as a native coin.

例如，Crypto.com 交易币 Cronos (CRO) 最初是以太坊上的 ERC-20 代币。尽管如此，该项目在 2021 年 11 月将代币转移到了 Cronos 区块链，目前作为原生代币运行。

It is a dichotomy existing within the crypto sector. For instance, Ethereum is a coin that operates as the native currency of the Ethereum network with which gas fees are paid, while Tether (USDT) is an Ethereum token that runs on the network as somewhat of a tenant.

这是加密货币领域内存在的二分法。例如，以太坊是一种硬币，作为以太坊网络的本机货币运行，用于支付汽油费，而 Tether (USDT) 是一种以太坊代币，在某种程度上作为租户在网络上运行。