This is my second day of discussing SIGN, and I am sad that only a small number of people read my articles, but I hope you like this for the second day.
After yesterday's discussion about SIGN from a broader perspective, I started to think more deeply. I was curious: what exactly is this token used for?
At first, I only looked at the general idea. But after researching various sources—CoinMarketCap, on-chain data, transactions, and even reading people's opinions—I slowly began to develop a clearer picture.
And from there, I realized one thing: SIGN doesn't just "exist." It has several well-structured functions.
One of the most obvious is its utility.
This is the most basic, in my opinion, but also the most important. SIGN can be used to pay for services within its ecosystem. So, it's not just a token that's stored or traded, but actually used.
Now, what I experienced firsthand today: SIGN is also used to claim airdrops or rewards. This means there's direct interaction between the user and the token. It's not just about playing with the price.
Oh yeah, besides that, SIGN also functions like "gas" for activity within their system. So if you want to use the protocol, you need SIGN. It's quite complicated when you think about it, but that's the consequence of using blockchain.
Then there's also governance.
This is the part I find interesting, because it concerns the long-term direction of the project. With SIGN, holders can vote on important decisions in the ecosystem. So it's not just developers who have full control. The community also has a voice.
But well... in practice, we know for ourselves. Not all holders actively vote. I'm sometimes lazy, too. But conceptually, this is important. At least there's a decentralized mechanism that's actually being implemented.
And one more thing that I think is most crucial: the incentive layer.
This is a bit different. Here, SIGN functions as a tool to provide rewards to various parties—users, developers, validators. So it's not just users who benefit. Everyone who contributes gets incentives.
Why is this important? Well, because in the blockchain ecosystem, if the incentives aren't clear, participation usually won't last long. I've seen several good projects slowly die because of this.
What makes me even more curious is that this incentive layer also functions to "align" all parties. The cool term is "align." So everyone involved has the same interest: making the ecosystem thrive.
Active users, developers continue to build, validators keep the system running... so everyone benefits equally. This is where I think SIGN is trying to build a more sustainable system, not just relying on hype.
From these three functions, I'm starting to see SIGN as more than just an ordinary token. But more like part of an interconnected system. Each function doesn't stand alone, but complements each other.
But yes... I also realize this is still only potential. Maybe it's still too idealistic. Or maybe this is the right direction.
In your opinion, of these three functions, which is the most important for SIGN's future sustainability?