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

Share utility token

Statistics for utility token

Look-up Popularity

Time Traveler for utility token

The first known use of utility token was in 2016

See more words from the same year

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

the setting in which something occurs

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Word Winder's CrossWinder

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!