The ONLY Article You Need to Read About Cryptocurrencies Use Cases

99.99% of cryptocurrencies have at least one of these 7 use-cases.

Photo by Ehimetalor Akhere Unuabona on Unsplash

Table of Contents:
· #1 — Payment
  ∘ Example Token (Stablecoins)
· #2 — Transaction (Gas) Fees
  ∘ Example Token (ETH)
· #3 — Incentives
  ∘ Example Token (ATOM)
· #4 — Governance 
  ∘ Example Token (YFI)
· #5 — Utility Token
  ∘ Example Token (SAND)
· #6— Equity Token
  ∘ Example Token (bLuna)
· #7 — Store of Value
  ∘ Example Token (BTC)
· Final Thoughts

Why do we need cryptocurrencies?

What are the use-cases of cryptocurrencies in the real world?

Why cryptocurrencies are an alternative to fiat currencies or gold?

These questions and similar ones are among the most frequently asked ones in the blockchain area.

In this story, I am going to explain 7 use-cases of digital assets. I do not claim that this list is complete. However, with a good approximation, most cryptocurrencies have one or more of these use cases.

#1 — Payment

When we are talking about cryptocurrencies, the first thing that comes to mind is digital currencies. Many of the coins and tokens want to introduce decentralized methods for payments. In general, there are three…