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11/21/2024 1:35:56 PM (GMT+1)

What are utility tokens in cryptocurrency?

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Utility tokens are digital assets that provide holders with access to specific services or products within blockchain platforms. These tokens do not have value as investment instruments, but are intended for use within the ecosystem. For example, they can be used to pay transaction fees, participate in voting, or access decentralized applications. Unlike fixed-income tokens, utility tokens serve functional roles by providing users with access to valuable opportunities within the network.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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