Quote from: VicManton on Today at 08:09:50 AM

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

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?

Going through what you said, everything that gives anything either cryptocurrency or the physical local currency we spend or gold or NFT, name it, what gives them value are we humans and why we will give anything value is based on the problem it is able to solve in time.

For every team that comes to make a difference, they need to give value to the community for adoption, hence value or at least prove they have a plan for future, like listings and all, if you check, the orderly you mentioned is already on Bitget's premarket trading which gives people access to it before it goes public . It is a way of creating anticipation which can give it value for the meantime, so, there is nothing bad in having a native token as long as it is meeting needs and people find it relevant to them, then everywhere is good, otherwise move on.

Good point! I would say it's both for the value and the funds combined. Some founders are greedy, some, with some utility and a good project behind it - seek different reasons for it, but it just became a reality, that, in many cases, the tokens are there, it's just a matter of confidence and analysis whether you should invest in them and even take your time looking at it.