# kaal:claim:4021599-016

**Claim.** 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.

**Type.** definitional  **Support.** argued

**Source quote.**

> 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

**From.** Wulf A. Kaal, *Securities Versus Utility Tokens* (2022), III. General Characteristics of Utility Tokens, page 9

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

**Verify.** sha256 of source PDF `bb03790af46b3710e306121cfae25f850e3e7477e0f95313af42b9feeb6bc0c4` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20Securities%20Versus%20Utility%20Tokens.pdf

**Topics.** tokenomics, risk-and-incentives

**Keywords.** utility-token, platform-incentives, access-rights, token-design

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