[mookerific]

Can someone enlighten me on why exchanges created their me-too coins in the first place? As a way to move out of crypto into a sort of non-fiat purgatory before taking a position again later on? Like, why does BNB even need to exist?

[zeven7]

BNB and FTT exist(ed) so their exchanges can raise/create a lot of money. It's a little similar to why stocks exist, which is why they are clearly securities.