Projects with dual token models are always a turn off for me.

@CryptoSorted 23 December 2021 more from that month

Projects with dual token models are always a turn off for me. In fact, they're mostly money grabs, because there's hardly any special condition(s) that warrants that a project must have more than 1 token to operate smoothly. A single token model is always the best for sustainable value. And even with multiple products, a single token can be integrated into and used to power all of them for utility as you can see with BNB and soon CST. #cryptocurrency #crypto

+KT
+BCH

4 comments

@technicallyproduct 23 December 2021

Even if one of the tokens is purely for governance?
- @CryptoSorted 23 December 2021
  
  Yes. A single token can do everything. BNB is used for governance, exchange token, pay fees on BSC and Binance Chain, payment currency on various platforms, and much more. Plus all dual tokens underperforms. One or both of them flops immediately second or more tokens are introduced. Check out JetFuel, Harvest Finance, VeChain, 1BCH, etc, just to name a few. Every single project I know with a dual token model flops (price-wise).
E@Esmee 23 December 2021

I found Hive and Steem that has dual coins in it's ecosystem are good.
@OldBastard 23 December 2021

Yeah, having more than one token seems like a "gimmick". What do you think of tokens that "burn" off a set percentage of what has been issued? Why not just issue fewer tokens from the beginning?