TOKENS & ASSETS
Utility Token
Definition
Utility tokens provide holders with access to specific products, services, or functionalities within a protocol or ecosystem. They're not primarily designed as investments but as functional tools.
Example
Example
BNB is used to pay reduced trading fees on Binance exchange, while LINK is used to pay Chainlink oracle services.
Risks to Consider
Risks
- Utility demand changes
- Competition
- Protocol changes