Utility Token
Utility tokens are tokens that are expressly intended to assist people in using something.
The usage of utility tokens is restricted to the ecosystem for which the utility token was created. Uber, for example, may one day issue its own utility token that users may use to pay for trips on the Uber network. Utility tokens aren’t meant to be used as investments.
Filecoin is a utility token created to assist consumers to utilize the Filecoin decentralized data storage network. It is one of the most well-known utility tokens.
Latest Content
- Crypto Market Analysis: Bitcoin, Ether, and Tariff Impacts
- Renova (RVA) Completes 90% of Its Presale at a Price of $0.008 and Announces Upcoming Listing at $0.06 on Platforms such as KuCoin, Huobi, LBank, Kraken, and Bybit
- US Commerce Department Publishes GDP Data on Nine Blockchains in Proof-of-Concept
- The 2nd Edition of the CoinFerenceX Decentralized Web3 Summit: Builders, Investors, and Developers Meet Again to Shape The Web Space
- Google Cloud Unveils Universal Ledger: A Neutral Layer-1 Blockchain for Financial Institutions
Related content
- Non-Fungible Tokens: The Guide Non-fungible tokens (NFTs) are a new type of token which is represented by unique cryptographic units, meaning that each token has a unique value. ...
- 5 Cardano Projects You Need to Check Out Cardano is one of the cryptocurrencies that are making waves in the market today....
- MicroStrategy Announces Second Quarter 2021 Financial Results July 29, 2021 04:01 PM Eastern Daylight Time TYSONS CORNER, Va.–(BUSINESS WIRE)–MicroStrategy® (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced financial results for the three-month period ended June 30, 2021 (the second quarter of its 2021 fiscal year)....
- Crypto Events Archive A growing list of past crypto and blockchain events from around the world. Conferences, workshops, meetups, hackathons, conferences....