Published in


Is Bitcoin a utility token or not?

Source photo

What exactly is a utility token?

There are two types of ICO utility tokens: tokens that give access to exclusive services for the token holders and tokens that are more like promotional tools for the issuing firm.

In the world of cryptocurrencies, utility tokens are a sort of cryptographic asset that are mainly used to raise funding for a project’s…




Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project — , Email  —

Recommended from Medium

Aeterna — Whitelist Presale Contest

Terra 2.0 : The Terra Luna Hard Fork

EOS $EOS “Price Prediction”

Blockonomics I.C.O : Why we chose to do an I.C.O?

Where is better to keep your money? Bitcoin or Bank Pros and Cons

Learn All About the Crypto Airdrop

Crypto Airdrop

Star Atlas: Solana Blockchain x Metaverse

Bitcoin Trading Volume Remains At Record Lows

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Vremaroiu Alin

Vremaroiu Alin

“If you don’t find a way to make money while you sleep, you will work until you die.”

More from Medium

What Crypto Should You buy?

Cost of Entry to Crypto-Thinking of Options for the Average Investor

Shib Coin Daily 5/26/2022

Bitcoin Mining