🔹 Medium of Exchange
Function: Like digital cash.
Example: Pay for services, buy NFTs, or transfer value (e.g., $WCT used for cross-border payments).
Why it matters: Enables seamless transactions without banks.
🔹 Governance Power
Function: Give holders voting rights on protocol changes.
Example: $WCT holders might vote on future upgrades or partnerships.
Why it matters: Encourages decentralized decision-making.
🔹 Utility Within dApps
Function: Fuel specific app features.
Example: Use tokens to access DeFi tools, game items, or special content.
Why it matters: Drives adoption and activity inside the ecosystem.
🔹 Staking and Security
Function: Lock tokens to earn rewards or support network security (e.g., proof-of-stake).
Why it matters: Aligns incentives and strengthens the blockchain.
🔹 Fundraising (ICO/IDO/IEO)
Function: Help projects raise capital from the public.
Example: Projects issue tokens to raise funds early.
Why it matters: Gives retail users early access to innovation.
🔹 Tokenization of Assets
Function: Represent real-world assets digitally (like real estate, art, or gold).
Why it matters: Improves liquidity, transferability, and access to global markets.
🔹 Incentive Layer
Function: Reward users for certain behaviors.
Example: Earn tokens for trading, referring, staking, or engaging with content.
Why it matters: Boosts user engagement and loyalty.