When we talk about our ICO, we get this question very often, particularly from those who are new in the crypto-world and have chosen us as a first ICO.
In case you want to know:
A utility token represents access to a future product or service. When you buy a utility token, you are buying your right to use a service thats being developed by a company or start-up, once its finished and launched. An ICO for utility tokens is often used to raise funds for the development of a project.
Though I am a newbie but gather some useful information which I would like share below:
Utility tokens, often called app coins or user tokens, provide users with future access to a product or service. An example of a utility token is the
Basic Attention Token (BAT).
Utility tokens are not designed as investments; however, many people contribute to utility token ICOs with the hope that the value of the tokens will increase as demand for the companys product or service increases. Utility token price fluctuations can be compared to those of sporting event tickets.