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?
Most projects do require a token for their own ambitions, even if they are not just doing it for the money, they still need that token, or some other system to make it basically all about people making money. Same goes for NFT's or whatever else you can think of, it is all about making people think they can buy/sell to make a profit. However, majority of them of course do it just for the profit and nothing more, they just create tokens so that people would fund them on launchpads and they can get super rich doing that.
This is why I think it is quite obvious that we are going to lose money on most of them because majority just takes your money and leaves, does nothing else at all. It could be a dangerous situation but we need to be able to stay away from it.