Author Topic: What is Utility Token?  (Read 1901 times)

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Offline urenadabbc27Topic starter

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What is Utility Token?
« on: December 02, 2020, 10:58:21 AM »

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Utility Token are crypto tokens which are generally developed from the Blockchain platforms like Ethereum and can developed from the other networks too. The usage of the utility token is same as the name of the token defines itself. Mostly the utility token is widely used in the financial sector which means that utility token are utilized highly in the business platforms. However, this utility tokens should be confused with the other crypto coins too and utility token is not mineable.

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« Last Edit: December 02, 2020, 12:21:52 PM by urenadabbc27 »

Offline Dora WalletInvestor

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Re: What is Utility Token?
« Reply #1 on: December 03, 2020, 06:25:33 AM »
Yes, utility tokens are quite different from other cryptocurrencies. They are most often used as a means to fund a fledgling crypto company, you buy instead of mine the tokens, then later you can sell them or use it as a speculative product.
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