utility token
noun
: a digital token of cryptocurrency that is issued in order 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
sold utility tokens as a method of fundraising for the start-up
Examples of utility token in a Sentence
Recent Examples on the Web
The strict interpretation of securities laws that follows from Gensler’s school of thought, while intended to protect investors, may have inadvertently pushed cryptocurrency innovation toward meme coins rather than utility tokens.
—
Boaz Sobrado, Forbes, 18 Jan. 2025
These tokens, ranging from utility tokens for decentralized applications to governance tokens for protocols, will attract domestic and international capital while encouraging participation in U.S.-based projects.
—Leeor Shimron, Forbes, 23 Dec. 2024
Switzerland categorizes digital assets into three groups: payment tokens (e.g., Bitcoin), utility tokens, and security tokens.
—Tonya Evans, Forbes, 22 Sep. 2024
At this point, the cryptocurrency, which is a utility token, was up roughly 53% after falling below $240 in mid-December, additional CoinMarketCap data reveals.
—Charles Lloyd Bovaird Ii, Forbes, 16 Feb. 2024
Just for level setting, talk to us about the difference between a fungible utility token and a non-fungible utility token.
—Tax Notes Staff, Forbes, 28 Nov. 2023
And then utility tokens, which can be fungible or non-fungible.
—Tax Notes Staff, Forbes, 28 Nov. 2023
As a utility token, $ESX provides a mechanism for participation in the platform, not just as an investment vehicle but also as a tool for governance.
—Nick Kasmik, USA TODAY, 23 Aug. 2023
Here’s a breakdown of what these crypto financial instruments entail: BNB is a token issued by the exchange which was initially created as a utility token that offer discounts on trading.
—Nate Dicamillo, Quartz, 6 June 2023
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Boaz Sobrado, Forbes, 18 Jan. 2025
These tokens, ranging from utility tokens for decentralized applications to governance tokens for protocols, will attract domestic and international capital while encouraging participation in U.S.-based projects.
—Leeor Shimron, Forbes, 23 Dec. 2024
Switzerland categorizes digital assets into three groups: payment tokens (e.g., Bitcoin), utility tokens, and security tokens.
—Tonya Evans, Forbes, 22 Sep. 2024
At this point, the cryptocurrency, which is a utility token, was up roughly 53% after falling below $240 in mid-December, additional CoinMarketCap data reveals.
—Charles Lloyd Bovaird Ii, Forbes, 16 Feb. 2024
Just for level setting, talk to us about the difference between a fungible utility token and a non-fungible utility token.
—Tax Notes Staff, Forbes, 28 Nov. 2023
And then utility tokens, which can be fungible or non-fungible.
—Tax Notes Staff, Forbes, 28 Nov. 2023
As a utility token, $ESX provides a mechanism for participation in the platform, not just as an investment vehicle but also as a tool for governance.
—Nick Kasmik, USA TODAY, 23 Aug. 2023
Here’s a breakdown of what these crypto financial instruments entail: BNB is a token issued by the exchange which was initially created as a utility token that offer discounts on trading.
—Nate Dicamillo, Quartz, 6 June 2023
Cite this Entry
“Utility token.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/utility%20token. Accessed 30 Apr. 2025.
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