Exchange Coin：加密貨幣交易所發布的加密貨幣綜合指南

交易所幣是由加密貨幣交易所發行的加密貨幣，用於在交易所生態系統內提供不同的實用功能。這些代幣有時稱為交易代幣，為用戶提供各種好處，包括質押獎勵、交易費用折扣以及特殊功能和服務的使用權。

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.

交易所幣是由加密貨幣交易所發行的一種加密貨幣。這些代幣有時稱為交易所代幣，在發行交易所的生態系統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，大多數交易所代幣在用於支付交易所交易時為用戶提供交易費用折扣。例如，BNB（BNB）在幣安平台上提供較低的交易費用。

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.

另一個常見的實用程式是質押，用戶可以質押他們的交易所代幣以獲得獎勵，包括額外的代幣或代幣，或參與不同的交易活動，例如對新代幣清單進行投票。

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).

擁有交易所代幣主要使用戶能夠存取交易所的特殊功能或服務，包括高級客戶支援或參與稱為初始交易所產品（IEO）的代幣銷售。

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.

一些交易所代幣也用於其他幾種用途，包括貸款抵押品、跨平台交易或作為其他加密貨幣的基礎交易對，儘管這是一種較為罕見的用例。

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

雖然「代幣」和「硬幣」這兩個術語大多可以互換使用，但事實是它們的確切用例略有不同。

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.

一切都取決於加密貨幣是區塊鏈的原生貨幣還是基於預設的代幣標準。

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 智慧鏈的原生加密貨幣，BNB 智慧鍊是支撐幣安交易所的區塊鏈。由於交換幣是網路原生的並用於支付汽油費，因此它必須被完美地歸類為「交換幣」。

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.’

然後是庫幣代幣（KCS），庫幣交易所的交易所“幣”。由於 KCS 是在以太坊上運行的 ERC-20 代幣，因此應該將其正確定義為「交換代幣」。

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.

在專案生命週期的後期，該專案的團隊可能會開發其區塊鏈並將其現有的交換代幣遷移到本機網路。

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 交易幣 Cronos (CRO) 最初是以太坊上的 ERC-20 代幣。儘管如此，該專案在 2021 年 11 月將代幣轉移到了 Cronos 區塊鏈，目前作為原生代幣運行。

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.

這是加密貨幣領域內存在的二分法。例如，以太坊是一種硬幣，作為以太坊網路的本機貨幣運行，用於支付汽油費，而 Tether (USDT) 是一種以太坊代幣，在某種程度上作為租戶在網路上運行。