I actually hadn't even heard of narrative before this post but I like your analysis on the project. The point about the token having utility makes a lot of sense. A token who's sole purpose is to us it in an internal market doesnt solve any sort of problem. Fiat is a tried and tested solution to that peoblem. It's the same with tokens used solely as a means of raising funds for a project.

It kind of sounds like the age old story of so many crypto projects, it's a project that created a blockchain token then tried desperately to find a problem that the token could solve. It's a backwards way of doing things but unfortunately that's the same story of a lot of crypto projects.

Great analysis article. The team should have hired you as a consultant lol

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