kaal:claim:4021599-018

Rather than replacing legacy financial services as securities tokens do, utility tokens are designed to give users future access to a product or service that may or may not exist at the time of the utility token issuance.

Source quote, verbatim

Rather than replacing legacy financial services like securities tokens, utility tokens are designed to provide users with future access to a product or service that may or may not exist at the time of the utility token issuance.29

From

Wulf A. Kaal, Securities Versus Utility Tokens (2022), III. General Characteristics of Utility Tokens, p. 10
https://ssrn.com/abstract=4021599 · source PDF

Cite as

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

Classification

designsupport: arguedtokenomicssecurities-law

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