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What Is A Utility Token When Researching New Crypto Projects? Are you curious about the role of utility tokens in the world of cryptocurrency? In this video, we will explain what utility tokens are and how they function within various blockchain projects. We’ll cover the process of creating these tokens through platforms that support smart contracts, such as Ethereum, Binance Smart Chain, and Solana. You’ll learn how developers design rules for token issuance, transfer, and use, and how these tokens are distributed through methods like initial coin offerings, airdrops, or direct sales.

We’ll also discuss the primary purpose of utility tokens — enabling users to access specific features within a project. Whether it’s borrowing and lending in decentralized finance platforms or buying virtual land in a metaverse, utility tokens serve as digital keys to unlock these services. Additionally, we’ll clarify the benefits holders might receive, such as discounts, rewards, or voting rights, and how these tokens differ from security tokens, which represent ownership or shares.

Understanding what a utility token does helps you evaluate whether a project’s token has real utility or is mainly for speculation. We’ll guide you on what to look for when researching new crypto projects, including token distribution, usage, and importance within the network. This knowledge can help you make better-informed decisions in the fast-changing world of crypto.

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