Author - Zangoti
When the majority are ready to invest in any project, one of the first questions they would ask “Does this token have a use case? or is this a utility token?”. As Katharine Wooller puts it, “Any cryptocurrency is only as good as its use case,” who is the managing director at crypto platform Dacxi.
ENS is a DAO and a governance token with important use cases such as filing and voting on proposals. However, this use case is only limited to a small percentage of ENS holders. Most ENS holders are not delegators, and most own ENS domains, which require constant renewal over time.
We would like to propose a “wider” use case that covers most ENS holders by using $ENS token as a payment option for ENS domain registration and renewal fees alongside $ETH.