A token is an
accepted quantified unit of value that is
registered on a blockchain network.
Today the tokens
come in two different kinds: Utility
Tokens and Security tokens. Security token represents
a fixed asset of different varieties. It can be an asset such as a house or share in
a company. Whereas in a utility token the customer
has paid the issuer cash NOW so that the organization can develop a product
that the consumer of the token can LATER redeem for that product or service
offered by the company.
A utility token is a greater liquid
medium of exchange that offers one access to the value created by a blockchain
network. Utility tokens give access to a service that is built using a blockchain-based economy. It represents the service provided
by a network of stockholders planning to leverage the use-cases of the utility
token. They have quantified units of services that can be obtained in a given community. The token is a type of payment method that can be traded in the market for a set value in
exchange for a good or service.
For Instance: XcelLabs
has created XCELToken a crypto asset to fuel crypto adoption across multiple
platforms and drive crypto usage into mainstream eco-system.
XCELToken is an ERC20 best utility token on the Ethereum Blockchain, developed to engage and
foster a larger crypto community within
the hospitality, payment, retail, social networking, and gaming industries. Xceltrip provides a platform for such tokens
to be traded in exchange of value.
XcelToken the most versatile and the best utility token is proposing Series
A public sale to drive its growth and market expansion around the world. Invest
the Series A Public sale round that offers you a
unique opportunity to purchase the token and gain an equity stake in our flagship venture XcelTrip; a crypto-powered online travel
platform.
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