I may not totally agree with you on where you said that the reason why most utilities tokens are staked is because their lack real world utilities feature, that is a false assumption to me because if you check you will see that most cryptocurrency lack the real life utilities Aside from being treated as an assets, even Bitcoin falls to that category.
Don't insult Bitcoin you third world dimwit. Bitcoin has countless utilities and is the best kind of money that exists. That itself is an utility that is better than anything in existence, we don't even need to discuss other aspects of it.
I agree with Digifann1 in this regard, they are called proof of stake but they have no real use than to stake them. They will get pumped and later get dumped as usual. I expected BNB to have gotten to $1000 but it has not, but I am having fear that it may get dumped back during bear market.
I may not totally agree with you on where you said that the reason why most utilities tokens are staked is because their lack real world utilities feature, that is a false assumption to me because if you check you will see that most cryptocurrency lack the real life utilities Aside from being treated as an assets, even Bitcoin falls to that category.
I think what he meant is that if they are not proof of stake, they may remain more shitty and be like bitcoin copying cats. P2P and investment are bitcoin use case they copied. That makes bitcoin useful but they only copied it.
Thanks. The idea is quite simple. Trick retail newbies to lock their money for useless APR, and enable the team to front run these people by selling first on pumps and crashes. This is also about proof of stake blockchains, but it is more about those utility tokens. Almost every single token creates a staking program with tokens that the team freely printed, precisely because these tokens are worthless junk. Staking is not an utility.