Utility Tokens

Utility tokens are digital assets designed to give users access to specific features, products, or services within a blockchain based platform. Unlike cryptocurrencies that can be mined, utility tokens are typically created in advance and distributed by the project’s team through planned methods, such as token sales.

These tokens are often introduced during early fundraising events like initial coin offerings (ICOs), where supporters contribute funds to help develop the platform. Importantly, utility tokens do not represent ownership in a company, so they’re generally not classified as traditional investments and are often outside the scope of securities regulations.

The purpose of a utility token depends on the platform issuing it. In many cases, they act like access passes or internal credits that can be used within the platform’s ecosystem whether to unlock features, redeem services or earn rewards.

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