Spent an hour tracing where $TMX actually shows up inside Ten (#TermMax , @TermMax ) beyond the swap screens, and the thing that stuck was how quiet its "utility" is compared to how loudly it's framed. The token gets pitched as governance-plus-incentive-plus-fee-layer, but in the actual task flow, staking and governance participation felt like a separate track almost nobody was on — most activity clustered around the tradable side, the thing the token is supposedly more than. One design choice stood out: the utility functions exist and are technically live, but they're not the default path a new user is nudged toward, so "beyond trading" reads more like a roadmap statement than a present behavior. It made me wonder whether utility that has to be sought out rather than encountered counts as utility yet, or whether it's just potential wearing the present tense. Maybe that gap closes as governance matures. Maybe it's just how every token starts. Hard to tell from one pass through.