kaal:claim:4021599-017

Utility tokens operate as an access mechanism: in order to interact with a given platform or use case, users are incentivized to acquire access rights to the product or service by acquiring the utility token.

Source quote, verbatim

In order to interact with a given platform or use case, users are incentivized to acquire access rights to the product or service through the acquisition of the utility token.

From

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

Cite as

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

Classification

mechanismsupport: arguedtokenomicsrisk-and-incentives

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