Utility Token
Content
Definition
A Utility Token is a type of cryptocurrency that is issued to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency.
Usage and Context
A utility token is a cryptocurrency issued to fund development, which can later be used to buy goods or services.
Frequently asked questions
- What is a utility token in cryptocurrency? A utility token is a type of cryptocurrency that provides access to a product or service within a blockchain ecosystem.
- How do you measure capital efficiency in a business? Capital efficiency is measured by comparing revenue or profit to the capital invested.
- Are utility tokens regulated? Utility tokens are generally less regulated than security tokens, but regulations differ by jurisdiction and the token`s specific use.
Benefits
A utility token finances development and can later be used for purchasing goods or services.
Conclusion
A utility token funds development and can later be used for purchasing goods or services.
