I saw this project because it's basically a kit for developers to create dApps and they are designed to offer high-performance and low-latency trading infrastructure to simplify the process for developers integrating perpetual futures or spot trading into their applications, but what bothers me is this project apparently has their own native token
it just seems like all projects are having their native token for no reason these days and my guess is maybe to make profit from the market but most of them claim holding it gives you privileges that are mostly meaningless. I was just surprised when I saw Orderly network having a token
I think it's for profit or do you guys think most native tokens are actually useful?
Spot on! Creating a new token is not at all a costly affair. There are developers available in the market, who will create a token for you in just 150 dollars. The market is currently flooded with millions and millions of unused tokens.
Every online platform is trying to make their mark in the crypto ecosystem. It's like trying their luck by buying lottery tickets. If one clicks, they will become a millionaire. If it doesn't, it's just a loss of 150 dollars.
Every platform doesn't require their native token. It's useless and creates confusion.