🚙Why Utility

Sustainability and Longevity: Utility gives a token a purpose beyond speculative trading. This can lead to a more stable and sustainable project, as users have reasons to hold and use the token beyond short-term gains.

Increased Adoption and Use: Tokens with utility are more likely to be adopted and used in real-world applications. This can lead to a broader user base and a more active and engaged community.

Enhanced Value Proposition: Utility provides tangible benefits or services to token holders. This strengthens the value proposition of the token, attracting more users and investors.

Diversification of Use Cases: By adding utility features, the token can serve a wider range of functions. For instance, in the case of Hyena Coin, the ability to participate in the social-fi experience, gaming, and account-based transactions diversifies its use cases.

Community Engagement: Utility features provide opportunities for active participation within the project's ecosystem. This can lead to increased engagement, as users interact with the platform and each other.

Incentives for Ecosystem Growth: Utility can incentivize users to contribute to the growth and development of the ecosystem. For example, in the case of a social-fi platform, users may be motivated to create and share content, leading to a more vibrant and dynamic community.

Mitigation of Speculative Activity: While speculation can drive initial interest, a token primarily traded for speculative purposes may experience more volatility. Utility features can help mitigate this by providing a stable foundation for the token's value.