kaal:claim:4021599-016

Utility tokens are tokens with an intrinsic utility for a good or service: they emphasize the uses of the token and typically give users access to a product or service or give rewards that incentivize desirable behavior on the platform.

The term utility token is used to identify tokens that have an intrinsic utility for a good or service. Utility tokens emphasize the uses of the token and typically give their users access to a product or service or give rewards to incentivize desirable behavior on the respective platform.25

Wulf A. Kaal, Securities Versus Utility Tokens (2022), III. General Characteristics of Utility Tokens, p. 9
https://ssrn.com/abstract=4021599 · source PDF

Wulf A. Kaal, Securities Versus Utility Tokens (2022). SSRN: https://ssrn.com/abstract=4021599

definitionalsupport: arguedtokenomicsrisk-and-incentives

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