@idiosyncratic1 4 August 2021 more from that month

Dxdy exchange airdrops governance token. For the exchange users, a governance token was being declared. While it was something expected from the exchange, the utility of the token made me a bit sad. While the token (like all other governance tokens) will be used for proposals and votes, there is no great narrative to die for the token 😑 Governance tokens are expected to have more use cases than voting imho. While proposals are useful, people wish to have a rationale behind allocating some part of their portfolio for them. Once there is no story behind it, sell-pressure outperforms the bulls and it repeats in crypto 💁‍♂️ #Cryptocurrency