Is there any reason why so many dApps have their own token?
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
Good question and one I’ve often wondered. I came to the conclusion its all about making money for something that isn’t otherwise able to generate revenue.
Sashitha ilepperuma Answered question December 15, 2022