Post
Topic
Board Altcoin Discussion
Re: Utility Token
by
SolarWindMiningCompany
on 21/04/2020, 15:32:46 UTC
If I recall it correctly, the majority of my tokens are for staking to get more meaningless tokens Grin

Some also allow me to get discounts for using its services (e.g., exchanges), and get meaningless airdrop as well.

Conclusion: utility tokens are useless atm and only being used as a currency.

I wouldn't say all are useless because I know a project in partnership with Binance and Okex at the moment which serves as a payment portal for commerce outlets in Hong Kong e.g. Pricerite. The utility token can be used in Cela Vi hospitality outlets too. So I believe that some of these few projects still offer practical utility