They are a type of cryptographic token that offers a specific utility within a platform or ecosystem. They are designed to provide access to specific services, products or functionalities within a platform.
Main features of Utility Tokens:
- Utility: They offer a specific utility within a platform;
- Access: Provide access to services, products or features;
- They are not investments: They are not considered investments, as they do not offer ownership rights or participation in the platform;
- Regulation: They are subject to specific regulations, such as the Securities Act (SLA) in the USA.
Examples of Utility Tokens:
- Binance Coin ( $BNB );
- Huobi Token (HT);
- Filecoin ( $FIL );
- Chainlink ( $LINK ).
Utility Tokens are important because they allow platforms to create sustainable and scalable ecosystems by offering valuable services and products to users. #UtilityTokens
