What is a Utility Token?
As a result of the many Initial Coin Offers (ICO) that are emerging in the economic panorama, we have a term that still causes some confusion: The TOKEN of Utility.
It is clear that many startups can raise capital by issuing their own cryptocurrency or token from a particular blockchain, most supported by Ethereum and then offer the tokens to these people for having placed their trust in the project.
These tokens, which can then be transferred through the network and traded in the exchanges, can serve multiple purposes, from granting owners access to a service to the possibility of receiving rewards from the company. Depending on their function, the tokens can be classified as utility tokens and security tokens.
What is the difference between a utility token and a security token?
Tokens can be used for a wide variety of functions, from giving access to a service to its owners to assigning profits to a company. Depending on what you do, a token is classified into a utility token, security token, or equity token.
Utility Tokens (Utility Tokens)
Utility tokens represent a future access to the services offered by a company. They are characterized because in theory they are not created as investments, so if they are properly structured they could be exempt from the laws on valuable goods of each country.
Creating utility tokens, a company offers a future service to a platform still in development, in the same way that a person can make a pre-purchase of a video game that has not yet come out and still have months left to be available in the market.
A utility token does NOT give you shares in the company or in your profits.
Security Tokens
On the other hand, if a token generates its value as an interchangeable, marketable and external asset, it is qualified as a value token and the corresponding regulations apply to those of any stock exchange. This use opens a wide range of functionalities to cryptocurrencies.
Workchaincenters, Utility Tokens.
In workchaincenters our tokens are utility ones.
They are structured so that the owners of these tokens can not only enjoy shared workspaces in our inspiring buildings, but also have a series of advantages like these:
Possibility of participating in our incubators and accelerators programs oriented to new technologies
Possibility of participating in our university scholarship program (we are closing agreements with some universities)
Access to our laboratories and technology workshops
Possibility of accessing our patronage program for technological projects
Free access to events held in our facilities
As you see Workchaincenters utility Token is not only the use of motivating workspaces equipped with the maximum in technology and design, but the access to a community of developers with great advantages for their projects.
If you want to be part of the largest “tech” work community, come with us and buy your tokens on our official website.
