# kaal:claim:4021599-017

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Source quote.**

> 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, 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, access-rights, platform-incentives, token-mechanics

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.