The ONLY Article You Need to Read About Cryptocurrencies Use Cases

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

Ehsan Yazdanparast
Coinmonks
Published in
12 min readMar 10, 2022

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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…

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Ehsan Yazdanparast
Coinmonks

Ph.D., Software Developer, Tech Enthusiast. Support my writing by joining Medium through my Referral Link bit.ly/3wQhMKZ (I will earn a small commission)