DeFi governance tokens can influence protocol decisions, but their effectiveness depends on voter participation and token distribution. A well-structured DAO leads to more decentralized, fair decision-making.
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Yes. Projects increasingly aim to attract loyal users, not just speculators. Utility-based airdrops—linked to real usage, governance, or staking—help build sustainable ecosystems beyond short-term hype.
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To assess the quality of a cryptocurrency project's smart contract code, start by checking if it has been audited by reputable third-party firms like CertiK or Quantstamp. These audits identify vulnerabilities and ensure that the code is secure. Additionally, review the project's open-source code (if available) on platforms like GitHub. Well-documented, regularly updated code with contributions from multiple developers is a good sign. Be cautious of projects with unclear or poorly written code, as they may pose significant security risks, potentially leading to exploits or hacks.
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