Quote from: X-ray on Today at 02:05:11 AM

Quote from: DegenLite on August 01, 2024, 06:50:57 PM

I think it's for profit or do you guys think most native tokens are actually useful?

some of the coins are an absolute waste of resource, so many project creating the token not because it's needed therefore they just deploy the token and then leave it be afterward hoping that it could inflate their wallet's worth eventually.

if you see in CMC there are so many coins that just exist to get delisted after ward, this is the kind of token which doesn't really need to exist but the project insist on creating it in hope that somehow the worth of the token could reach big market cap enough for them to dump their bag.

whenever investing, if I see that the token isn't necessary at all in the first place, i just decide to not invest in it.

It's also worth mentioning that it's done to get the funds and investments rolling, even if afterward, as you said, it's not going to work out Wink