Post
Topic
Board Altcoin Discussion
Re: Utility Token
by
mu_enrico
on 22/04/2020, 10:14:36 UTC
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
Yea, only a small fraction of them have some (limited) utility. Like I said, the majority is for staking purposes to get discounts and airdrops. ETH and EOS, for example, are also a utility token to use its network. But in reality, most users haven't deployed any smart contracts, but only use it as a currency. If it's for e-commerce, they can directly use existing cryptos, and no need to create another token.

In other words, I haven't seen any utility tokens that I desperately need to "consume."