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1.13 Utility Token Model

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What is the meaning of Utility? Utility methods are the absolute fulfilment that is gotten by the utilization of the products or administrations. The utility token model drives the usefulness in their business by means of the utilization of the tokens. Wave and Stellar are incredible instances of these sorts of models. The banks that are a piece of their system can encourage support movement through the utilization of the XRP or XLM tokens. According to William Mougayar, token utility has three significant properties (Figure 1.7):

 Role

 Features

 Purpose

Figure 1.7 Demonstrating the properties of the model [23].

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