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.
Related Software
Ethereum, Binance Smart Chain
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.
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