Utility driven projects vs social-driven projects

Over the years, we have witnessed diverse crypto-based projects launched with different use cases, a unique observation here is all these projects evolved to tackle different problem facing blockchain technology generally scalability has been the center of attention most projects focus on while some major on improving anonymity by increasing privacy and security. today a lot of projects have diverted their attention from executing/improving security and have focused on social-driven utility which is solely accumulation and generating profit from pumping and dumping of token projects.

Utility-based projects

The likes of Cardano (ADA) a blockchain protocol that has fully adopted the proof of stake consensus aims to be a global change maker attracting visionaries and investors across the globe by improving transparency and accountability among its user Is a typical utility-driven project aside long term income generating driven Cardano aims to integrate improved smart contract project that will attract investors to see the essential need why the blockchain project will become a multi-million dollar projects in future.

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.

General utility-driven blockchain project follows a unique roadmap and executes all its programs sequentially, examples of such blockchain project includes Ethereum blockchain, Cosmos blockchain, Solana blockchain to mention a few all these projects aims to come up with solutions to improve the blockchain technology.

Social driven projects

These projects focus mainly on shilling of tokens the likes of Dogecoin known as internet meme coin an open-source digital currency are profit-driven tokens these projects have little impact on blockchain technology they are used for basic daily transactions with little use case for its users.

Multiple meme tokens have been launched which has driven lots of traffic attracting investors to basically buy/pump these tokens solely to generate profit and dump such projects in the long run.

The extremely high return in these meme projects has resulted in unrealistic expectations in the crypto industry as these projects provide no real use case for users with little or no provided utility use case.