Owning a dedicated blockchain offers distinct advantages over relying solely on a token:
- Full Control: A project has complete autonomy over its blockchain's rules, governance, and scalability, allowing for tailored solutions.
- Enhanced Security: By managing the entire infrastructure, projects can implement robust security measures, protecting sensitive data and assets.
- Scalability: Dedicated blockchains can be optimized for specific use cases, avoiding congestion and improving transaction speeds.
- Innovation: Without limitations imposed by external blockchains, projects can experiment with new features and technologies freely.
- Cost Efficiency: In the long run, owning a blockchain can lead to reduced transaction fees and operational costs.
While tokens can facilitate fundraising and community engagement, a project's own blockchain provides a more comprehensive foundation for building sustainable and scalable applications.
Their is lot more to talk about on this topic. Like incase token on solana chain, if SOL price goes down for today then most likey 95% of its token will also see big red candles. Where as coin with its own blockchain surely effected by overall crypto market it's price will not follow any particular blockchain.