Beginner’s guide to understanding and using utility tokens Blockchain-based digital assets are all typically regarded as ‘cryptocurrencies’ but that’s not always correct. Utility tokens are created for specific purposes beyond just being used for payments. They are versatile resources, especially in advanced layer 1 blockchains like Ethereum (ETH), Polygon ($Pol) and Binance Coin (BNB). KEY TAKEAWAYS: Utility tokens are digital assets created for specific purposes while cryptocurrencies are made to serve as money. Ethereum (ETH), Chainlink (LINK), and Binance Coin (BNB) are some of the most popular utility tokens available right now. Various utility tokens have different functions.
