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Utility Token

    Utility tokens are digital assets used to purchase goods or services on a blockchain platform. Utility tokens are often used to fund projects on a blockchain platform and can trade on cryptocurrency exchanges. Utility tokens derive their value from the functionality they enable. For example, a utility token may give holders access to a decentralized application (dApp) or network of computers that can perform computations or store data. A utility token’s price correlates with the usefulness of the associated platform. The greater the utility of the platform, the greater the demand for its associated token.