Revenue sharing is the current meta but staking-for-perks should factor into your thinking too. Take Marc. He is an ideal crypto user: because he 1) likes/uses the product and 2) stakes the token to access extra perks The Lock-for-perks mechanism creates a buying demand and rewards HODLing. HYPE and VVV are sexy coz they manage two advantages: revenue buybacks and perks (staking HYPE gives you lower fees). But some projects don't have super high revenue but still give perks: Backpack's BP lowers fees on the CEX but also gives optionality to convert token to equity. Or NEXO locking gives higher yield to lenders and cheaper borrowing. DeFi projects like AAVE FLUID or MORPHO could experiment with it, too: Like MORPHO has no rev share but higher yields for stakers would be a reason to buy MORPHO. Most successful is probably Tron where you lock TRX to get 'energy' that gives free stablecoin transfers. Imagine if ETH did something like that. I believe perks lost their attraction because ICO bubble was all about token perk marketing: they had no revenue to show so shilled token by features investors would get. Revenue generation is hard in early stage so extra perks during growth stage is still a sexy token selling story.