What makes a token a utility?

Examples of utility tokens include Filecoin, Siacoin, Golem (GNT), and Basic Attention Token (BAT) .

The value of anything is determined by supply and demand . If demand increases faster than supply, the price goes up. For example, if there’s a drought, the price of grain and produce increases if demand doesn’t change. The same supply and demand principle applies to cryptocurrencies.

A utility token is a crypto token that serves some use case within a specific ecosystem . These tokens allow users to perform some action on a certain network. A utility token is unique to its ecosystem.22 Ara 2021

PUT Price Statistics Profile Utility Token Price$0.001824Price Change24h$0.00001862 1.03%24h Low / 24h High$0.001678 / $0.001836Trading Volume24h$10.74 1.10%Volume / Market CapNo DataProfile Utility Token price today, PUT to USD live, marketcap and chart coinmarketcap.com › currencies › profile-utility-token