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Utility Token

What is Utility Token?

A utility token is a type of cryptocurrency token that represents a unit of digital asset or access to a product or service within a blockchain-based ecosystem. It has a specific function or utility within that ecosystem, such as providing access to a platform's features, services or products, and is not designed as a store of value or investment. Utility tokens are typically used to incentivize users to participate in the platform, as they can be earned or traded for other digital assets or fiat currency.