utility token

noun

Definition of utility token

: 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

First Known Use of utility token

2016, in the meaning defined above

Keep scrolling for more

Learn More about utility token

Time Traveler for utility token

Time Traveler

The first known use of utility token was in 2016

See more words from the same year

Statistics for utility token

Cite this Entry

“Utility token.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/utility%20token. Accessed 10 December 2019.

Comments on utility token

What made you want to look up utility token? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to state or do over again or repeatedly

Get Word of the Day daily email!

Test Your Vocabulary

Semantic Drift Quiz

  • a twisty river
  • Which of the following was once a synonym for fun?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!