Dual Currency in a Crypto Project...

in Project HOPE • 4 years ago (edited)


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Some crypto projects have two cryptocurrencies. Usually one is a governance token and the other is a utility token. Governance tokens are used for stacking crypto projects or any other decision-making. The function of utility tokens is different. Utility tokens are given as ‘rewards’, especially in gaming crypto projects.
Usually the supply of utility tokens is unlimited. That is, the tokens are released or removed from the market for the sake of necessity. That is, there are many opportunities for market manipulation. Long-term prices of these utility tokens are unlikely to increase.
The market price of both governance and utility tokens usually co-relates, that is, increases or decreases simultaneously. But sometimes there are exceptions. But that is only for a very short time. At this point, if you can research and find out which way the price is, it is possible to make a good trading decision based on that.
#club5050 #steemexclusive #trading #piotr #projecthope #ph
4 years ago in Project HOPE by
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     4 years ago 

    Hi, @boss75

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