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Special-purpose tokens are perfectly fine, and in fact, are what you should do whenever you want to represent something specific. You can make a token that repr
by immibis 1y ago
Special-purpose tokens are perfectly fine, and in fact, are what you should do whenever you want to represent something specific. You can make a token that represents an article request, or a bond, or a share of an investment fund, or anything else, and then someone can trade a certain number of them. Also, the market can figure out how much one of them is worth. It might even be more stable than the base token, as in the case of DAI (an decentralized stablecoin on the Ethereum chain).