Utility and Use Cases
A fundamental rule for crypto-assets is that an asset should offer a product beyond its role as a token in the market. Ideally, its token should have a use-case application within its specific product. Beyond listing a token on a digital assets exchange, crypto-asset teams ought to offer functional technological developments that underpin their native virtual currency.
Consider Ethereum, for example. Ether, the native token of the Ethereum ecosystem, is used for settling network fees for all smart contract transactions conducted on the platform. This encompasses decentralised applications (dApps), decentralised finance (DeFi) solutions, and NFTs.
When assessing an asset's likely trends, users should evaluate the use-case value it provides, rather than getting swept up in overvaluation driven by marketing hype.
