What makes a token a utility?

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.

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

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