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.