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?
Well, just like someone said here, just to get funding for the project itself, I think it's called fundraising mechanism. Native tokens can also be used to incentivize their holders instead of USDT and even generate revenue for the protocol through fees or staking rewards
I know the utility of the token is not much but you have to understand you do have a say in their decision through government. I just looked at the project, it seems orderly having their $order token in bitget pre-market. I believe the more you stay, the more you get to see their developments cos I can clearly see them they just recently introduced the token.