NOW Token Review 2023: The Promising Utility Token of an Instant Exchange Platform
The team at Change NOW recently updated the NOW Token's white paper to clarify its purpose as a digital currency that functions as an internal currency within the NOW ecosystem. This ecosystem includes a variety of products, such as ChangeNOW, NOW Wallet, NOW Tracker, NOW Nodes, NOW Payments, and NOW Custody, all of which can be seamlessly integrated with the NOW Token. In this article, we will discuss NOW Token, its value, ways to obtain it, its various use cases, token burn, and plans for the future.
Understanding NOW Token and Its Value Within the NOW Ecosystem
The token is built on both the Ethereum and Binance Chain networks, making it an ERC-20 and BEP-2 token. Its value is based on the power of the NOW ecosystem and expanding use cases. For the past 5 years, the NOW ecosystem has doubled in size. NOW Token has a maximum supply of 200,000,000 tokens, with 84,803,670 tokens currently in circulation and the Fully Diluted Market Cap of more than $10M. Its value has significantly surged in recent years, increasing by more than five times since its inception.
Ways to Obtain NOW Token: Cashback and Purchase
Users can obtain NOW Token in various ways, including the cashback program offered by ChangeNOW for all registered users. For every exchange conducted using the ChangeNOW or NOW Wallet platform, users receive a percentage of their transaction fees back in NOW Token. NOW Token can also be purchased on various exchanges, including ChangeNOW, Coinbase DEX, and Uniswap. Additionally, ChangeNOW plans to migrate to Binance Smart Chain, Polygon, and Tron soon to increase options for purchase and usage.
Various Use Cases of NOW Token, Including Staking and Discounted Payments
NOW Token has several use cases, including purchasing ChangeNOW Pro subscriptions, which unlock benefits on the platform, such as increased cashback rates, new exchange limits, and access to unlimited crypto loans.
Crypto projects can purchase the NOW Nodes plan and NOW Payments with a discount in NOW Token, applicable only to projects using NOW Token as the payment method. Tokens can also get listed on ChangeNOW with a 20% discount by paying in NOW Token. NOW Token holders can stake their BEP2 or ERC20 tokens and receive up to 12.5% yearly, providing investors with a stable passive income source.
NOW Token Burn: Quarterly Token Burns to Maintain Scarcity and Value
ChangeNOW conducts quarterly token burns until the total supply of both ERC20 and BEP2 NOW Tokens reaches 100,000,000. This process helps maintain the token's value and scarcity over time. The next NOW Token burn will take place very soon!
The Future of NOW Token: Expansion, Support in Popular Wallets, and New Use Cases
The NOW Token team has ambitious plans for the future of the token, including adding new networks such as Binance Smart Chain, Tron, and Polygon to increase the token's usage options. Additionally, they aim to develop new use cases within the ecosystem, such as using NOW Token to pay for commissions. The team is also working on expanding the token's support in popular wallets and staking NOW Token in wallets to make it even easier for users to get profit. NOW Token is already listed in NOW Wallet, Guarda, Trust, Zelcore, Trustee, Edge, and D’Cent.
In conclusion, NOW Token is a promising utility token that serves as an internal currency within the NOW ecosystem. With the upcoming token burn and ambitious plans for the future, NOW Token is an attractive investment opportunity. Its value has seen a significant surge in recent years, and with the addition of new networks and use cases, the potential for growth and value of NOW Token in the future is promising.