Quote from: TastyChillySauce00 on Today at 02:58:29 AM

Quote from: robelneo on August 07, 2024, 08:32:35 PM

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?

A few of them are helpful, but the general idea is for the developers of the platform to have a continuous supply of funds for their project. There's always a team allocation besides sales coming from their own token

It's very cheap to create your token, and the potential for profit is huge. The general idea is to have a token that will represent the platform in the market, making it not only profitable but also popular because of the attached token with their platform.

I guess the general idea is like that, basically to give the team a salary for their own and ensuring the continuous development of the project so it won't get abandoned.

too bad though many project usually went astray from their plan after a while, even sometime if the token seemed to be not attracting the capital of the market at all the developer become less invested into the project and just instead try to create new project to attract attention again.

after all even if a project is made with the economic model to sustain development of the project for long term period, doesn't guarantee it will be a success and have place in the crypto market.

Yeah, sometimes people don't stick to the plan, or change it on the go, so there are too many possibilities sometimes to be sure whether it's a good idea or not, or if that token will survive these ordeals or not. But it's interesting to get into the analysis nevertheless.