Re:FTX’s financial black hole leaves Binance balking at resc...
by spaceman_2020 on Wednesday November 09, 2022 @05:02PM
(#33538583)
A lot of tokens give "voting" rights in the form of governance if its run as a DAO
Some tokens share revenue with token holders. GMX, for instance, distributes all of the nearly $2M daily fees it generates to holders of the GMX token. Goldfinch, which loans to real-world microfinance companies, also gives back its fees to Goldfinch token holders.
Some tokens are necessary for paying for transactions or any on-chain asset (most core blockchain tokens).
Some tokens share revenue with token holders. GMX, for instance, distributes all of the nearly $2M daily fees it generates to holders of the GMX token. Goldfinch, which loans to real-world microfinance companies, also gives back its fees to Goldfinch token holders.
Some tokens are necessary for paying for transactions or any on-chain asset (most core blockchain tokens).
It's not as much hot air as it appears