What are some potential use cases for FLOW tokens ?
Flow tokens, or FLOW, are the native cryptocurrency of the Flow blockchain.
They are used to power the network and incentivize users to participate in its operations. One potential use case for FLOW tokens is as a medium of exchange. The Flow blockchain is designed to be a platform for digital asset trading, and FLOW tokens can be used to purchase and trade digital assets on the platform.
This could include anything from cryptocurrencies to digital art, music, or gaming items. Another potential use case for FLOW tokens is as a store of value. The Flow blockchain is designed to be highly secure and resistant to censorship, making it an ideal place to store value securely over time.
As such, FLOW tokens could be used as a form of digital gold or other long-term investment asset. Finally, FLOW tokens could also be used as a form of collateral in decentralized finance (DeFi) applications. DeFi applications are built on top of blockchains like Flow and allow users to borrow money against their crypto holdings.
By using FLOW tokens as collateral in these applications, users can access liquidity without having to sell their holdings outright.
