ZachXBT: If the ZORA token has no use, why does it exist?

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According to Foresight News, blockchain detective ZachXBT commented on Zora's token economic model, saying, "If the token has no purpose, why does it need to exist? For a project that has raised over $60 million in funding and is valued at $600 million, this situation is truly awkward."

Zora's previously released token economic model stated that ZORA is for entertainment purposes only, and its holders do not enjoy any management rights, nor do they have the right to claim any equity in Zora or its products.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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