Utility Token

A utility token is a digital asset designed to provide users with access to a specific product or service within a particular ecosystem or platform. Unlike security tokens which represent ownership in an asset or company, a utility token's value is derived directly from its practical use and function within its native network. It acts as a digital voucher or access pass, enabling users to interact with decentralized applications (DApps), pay for services, or gain preferential access to certain features.