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?
Good question. Most of them wouldn't even need one as they work in L2. Many of them are purely for funding purposes, and they are either direcly doing a sale, which is legally speaking always little iffy, and then there are airdrops, where they are both rewarding early adopters and their team, and i guess they are hoping it to always have some value, so that they can fund further development.
Arbitrum was working fine without token, and there was no reason for it from my perspective anyway, just like metamask doesn't benefit from token but they have been planning to airdrop one for a while now.