Overview
Utility tokens are designed to be used within a specific blockchain-based ecosystem. They are not intended as primary investments but rather as 'coupons' or 'keys' that grant access to features, services, or discounts provided by the issuing project.
Characteristics
- Access-Driven: Their primary value comes from the utility they provide within a dApp or platform.
- Non-Equity: They do not represent ownership or a stake in the company.
- Incentivization: Often used to reward users for participating in the network.
Example
Filecoin (FIL) is a utility token used to pay for decentralized storage services on the Filecoin network.