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Financemagnates

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How the Right Token Utility Can Bridge the Gap Between Traditional Finance and Web3

  • Mantra's OM token experienced a significant dump of more than 90%, dropping from $6.30 to less than $0.50 rapidly after a $227 million token shift to exchanges, raising concerns about transparency and accountability.
  • The lack of utility in memecoins and many utility tokens creates skepticism among traders from traditional finance systems. The market needs tokens that are secure, compliant, and functional.
  • Utility tokens should have a defined role in the existing financial system, transparent operations, and clear reasons for adoption from the beginning to gain widespread popularity.
  • Platforms like MultiBank Group are successfully integrating utility tokens into existing financial systems, offering real utility like payment for services, cash backs, and stake options, creating a smoother transition to Web3 for users.

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