Is there any reason why so many dApps have their own token?

655 viewsGeneral Discussions

Is there any reason why so many dApps have their own token?

I understand that tokens are an easy way for dApp developers to generate money for the development of their app, marketing, etc. But other than that, is there any reason utility-wise, that so many dApps have their token? Wouldn’t their services work just as well if they simply used the original currency of the blockchain they are built on?

Ruban Lovelace Answered question December 15, 2022
0

My normal thoughts revolve around cheap incentives, raising money, and marketing.

Ruban Lovelace Answered question December 15, 2022
0
You are viewing 1 out of 5 answers, click here to view all answers.