The More Utility For A Coin The Higher It's Value

Cryptocurrency is money that can be used as a digital currency between parties. I can send and receive it or leave it in my account for it to grow. This is a user case but it does not have to stop there. What makes cryptocurrency special is how well it is at multi-tasking. And the more 'tasks' your coin can handle the more value it will have. This is what a lot of sites and crypto projects are missing. They give one (or sometimes zero) reasons to buy or hold a coin and then leave it.

One Coin, Multiple Benefits

With the invention of smart contracts you are only limited to your imagination with how a coin can be used. You have the common ways that currency can be used such as tipping or sending and receiving but then you have the smart contract options. A coin can be used as voting power for a social media site or governance. A coin can be used for farming. A coin can be used for airdrops. A coin can be used for daily dividends from a site. A coin can be used as a type of membership where people who hold onto a certain number of them get a change in their ranking.

Think of all the things that you can do with a coin by holding it and all the perks that can be given to that one coin.

Why Limit Yourself

Here is where things get crazy, there is nothing from stopping one coin from doing all of the things I just gave as examples as many more as you want. You can literally give a coin 100s of perks and still use it as money. This would give your coin so much value. This is the way to really increase demand and when you have to hold the coin to get this value then you are looking at a decrease in supply.

You can make a bunch of coins for different things or you can pile up all those things into one coin and really see the value of that coin skyrocket.

Team Up With Other Sites

You don't have to go alone on this as there are other sites, non-crypto sites, that could benefit from your coin. Having your coin on other sites and dapps will give it more use and more exposure while giving the site more ways to interact with their community. One coin can go a long way across the net and this will increase the numbers of users for that coin.

When it comes to cryptocurrency we are only starting to scratch the surface of what you can get for holding a coin and what smart contracts can bring for a dapp. There will be many more to come so keep an eye open and think of adding them to your coin and site. There is no limit to the amount of benefits you can give to your coin so start adding as many as you can.

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