What Is a Utility Token?

[hmind 0]

Utility tokens are non-concrete tokens created for crowdfunding purposes (such as KickStarter, GoFundMe). This means that the buyer of the Utility Token has paid the issuer of token money that can be used to develop the product and can be redeemed by the buyer later.

 

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

[Sabba092 115]

On 2/23/2020 at 2:35 AM, hmind said:

Utility tokens are non-concrete tokens created for crowdfunding purposes (such as KickStarter, GoFundMe). This means that the buyer of the Utility Token has paid the issuer of token money that can be used to develop the product and can be redeemed by the buyer later.

 

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

I have not heard tis token before. But It has featured that alot of people are now talking about this. So it could be more an entire revolutionary. 

[Sabba092 115]

13 hours ago, maraj said:

It must be instant as a cryptocurrency specification, so considering this feature I prefer Stellar (XLM) and Ripple (XRP) as both are premiered and can be instantly transferred to the user.  Many of you will already experience this by comparing it to other Bitcoin.

And having a great future in the world so I will say that it has contraction we're going see in love you good. This currency is much more interesting futuristic.

[Jeet Narayan 1940]

I think this token not come in coinmarket cap and not listed in any exchange. Utility token name is good and this coin project also looking good but first I searched about this token then I will invest.

[PiroSense 2681]

On 2/23/2020 at 5:35 AM, hmind said:

can be redeemed by the buyer later.

Also, it needs to be stressed out that buying utility tokens is basically buying a part of the network, and can be considered as a payment to use their services (send/receive funds), and can also be staked to cast a vote for the overall network stability.

[Kosovali 4]

Utility token definition is a digital asset that is used to finance the network by providing its buyers with a guarantee of being able to consume some of the network’s products. Utility tokens vs security tokens and shares don’t provide the rights of ownership over a part of a company.

 

Utility tokens should not be confused with coins (Bitcoin, Monero, Litecoin and so on) as they are not mineable and are based on third-party blockchain. However, similarly to coins, utility tokens are valued only for its inherent functions and properties.

[Yunusalemu 0]

On 2/22/2020 at 10:35 PM, hmind said:

Utility tokens are non-concrete tokens created for crowdfunding purposes (such as KickStarter, GoFundMe). This means that the buyer of the Utility Token has paid the issuer of token money that can be used to develop the product and can be redeemed by the buyer later.

 

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

I really don't buy into all this sort of kick starter cryptotalk currencies and croud funding, I they are mist times organized by scammers for their own selfish gain leaving their victims at huge loss if wealth.

[BTC Future 3946]

I've thought of utility tokens as tokens used for a certain purpose and nothing else. Some of them are purchased and can't be sold, but only used for the purpose intented. Although I didn't know XRP and Cardano are actually called utility tokens.

[rekter 8129]

On 2/22/2020 at 11:35 PM, hmind said:

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

No. XRP or ADA aren't utility tokens. They are not tokens at all. I think that the topics that provide this level of misinformation are just harmful to the community and should be deleted.

[magd 5231]

Benefit symbols are of great importance in supporting the large currencies of a group of people in terms of buying and selling ratio and are not clearly known, so some famous companies use the benefit symbols in order to save the price of their own currency according to a specific method.

[Yunusalemu 0]

On 4/8/2020 at 10:43 AM, BTC Future said:

I've thought of utility tokens as tokens used for a certain purpose and nothing else. Some of them are purchased and can't be sold, but only used for the purpose intented. Although I didn't know XRP and Cardano are actually called utility tokens.

yeah btc future you are right by your statement where you said that some of the very tokkens can only be used forn only what it was actually intended for, an example of these crypto currencies are mostly found in gambling site, online game etc whre you pay real crypto like btc or eth to get thier virtual currency 

[jacker 1095]

I don't know Utility Token because tokens are not my hobby. but the purpose of the token is really good, just that the token does not have much value in this way of working does not seem to be sustained long in the market. Currently, I have not seen it listed in the exchange. I will look at its potential and value in the market and consider investing.

[kadayakito 765]

I don't like tokens. I don't own tokens, but I like the purpose of this token, the purpose of crowdfunding is a great purpose. I will participate a little in this token. It will be as convenient as its name implies.

[Rezort 846]

Utility tokens are very important for cryptocurrency projects which just starting their way towards some successes in a pretty difficult times when crypto market is so oversaturated. 

[Upright 2688]

As from my knowledge of crowdfunding, is of this type of venture on money being raised through crowds which as we know is mostly on the part of the internet, as I know of t crowd funding which buterin vitalik did as of the inertia and creation of the Ethereum as it was from a crowd funding

[Brand1 1336]

I think that these symbols are very useful, especially the symbol and currency of Ripple, because this symbol is very cool, and I have stored some of it in the hope that the currency will rise in the coming years.

[Whited35 15285]

In the crypto world,it is known that  generally, utility tokens are issued to spend in  a certain blockchain ecosystem.Please never be confused Utility tokens and coins like Bitcoin, Litecoin are not the same(they have their own blockchain) but utility tokens rely on  third-party blockchain.

[bitcoin-shark 1928]

The utilities token are the tokens used to pay the bounty hunters for the various campaigns and they are also used within the various platforms such as gas or fee instead the Security tokens are the tokens used for fundraisers such as Ico and IEO

[Soaib khan 1035]

I have no idea about it because I am new in cryptocurrency but right now I am learning about bitcoin ethereum blockchain solidity node.js programming language so in future there will be no confusion 

[gourav789 2834]

this is really new coin in market , intact this coin is not listed on any exchange or any coinmarketcap website .

I visit this project and looking good , in future I will invest in in this project also .

[iloveyobit 6599]

On 2/22/2020 at 10:35 PM, hmind said:

Utility tokens are non-concrete tokens created for crowdfunding purposes (such as KickStarter, GoFundMe). This means that the buyer of the Utility Token has paid the issuer of token money that can be used to develop the product and can be redeemed by the buyer later.

 

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

The main factor in the success of any currency in the field of crypto is that the currency has a new project and infidelity that can contribute to solving a global problem and this currency does not have it.

[JoelLeal21 8]

 

If the tokens are useful and very cool

[Chysom20 30]

On 2/27/2020 at 1:31 PM, Jeet Narayan said:

I think this token not come in coinmarket cap and not listed in any exchange. Utility token name is good and this coin project also looking good but first I searched about this token then I will invest.

You didn't understand the post, the poster didn't say that utility token is a project of it's own rather a type of coin in which many coins could be classified under. 

On 4/21/2020 at 6:26 PM, Yunusalemu said:

yeah btc future you are right by your statement where you said that some of the very tokkens can only be used forn only what it was actually intended for, an example of these crypto currencies are mostly found in gambling site, online game etc whre you pay real crypto like btc or eth to get thier virtual currency 

 

On 2/22/2020 at 10:35 PM, hmind said:

Utility tokens are non-concrete tokens created for crowdfunding purposes (such as KickStarter, GoFundMe). This means that the buyer of the Utility Token has paid the issuer of token money that can be used to develop the product and can be redeemed by the buyer later.

 

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

Very beautiful explanation you have given, I learned something today, thanks so much.. 

[Jad ameer 14]

A currency owned by Mansu, an ancient financial and digital exchange. It can be said that this currency has a benefit in facilitating a symbolic exchange. It cannot be denied that this currency has an advantage in the digital currency market. Thank you very much for your beautiful participation.

[rodrigozepol 94]

On 2/22/2020 at 6:35 PM, hmind said:

Utility tokens are non-concrete tokens created for crowdfunding purposes (such as KickStarter, GoFundMe). This means that the buyer of the Utility Token has paid the issuer of token money that can be used to develop the product and can be redeemed by the buyer later.

 

Some tokens currently available are in the utility token category, including: Project Ripple (XRP), HARA (HART), Storiqa (STQ), Vexanium (VEX), Cardano (ADA), etc.

Tokens are an integral part of blockchain technology and their capacity is practically infinite. However, there are marked differences between its types, the utility and security tokens.
The utility tokens are actually the result of the creation of a coupon by a company. This coupon or token can be exchanged in the future for access to the services that said company provides or will provide.

Utility tokens are normally used as a way to obtain financing for a project in development or to be developed. For this reason, utility tokens are often full of a lot of speculation and unrealistic development expectations. Despite this, utility tokens are usually a highly sought-after means of financing, especially in community projects such as cryptocurrencies or blockchains.
On the other hand, we have security tokens, they are a kind of digital asset that is very similar to well-known actions. And it is that the value of a security token comes from a tangible asset that can be traded and that is fully regulated. Because these tokens fall under the regulation of assets, the companies that issue them must present all the documentation and guarantees of the same. This has turned them into a safe form of investment and financing for projects based on blockchain technology.