Un utility token It's like a plug or digital input that you can use within an app, game or blockchain platform. It is used to access features, pay for services or unlock content, but It doesn't give you ownership nor benefits as if it were an action. It's useful, but it's not a direct financial investment.

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Un utility token It is a type of digital asset issued on blockchain which gives its owner the right of access, use or interaction with specific functions within a decentralized technological ecosystem, without representing ownership interest, dividends or financial returns. Its main function is to enable the use of a product, service or network, acting as access or incentive mechanism, not as a regulated investment instrument.

It differs from the Security Token in that it is not designed to represent a financial value or a property right, but to fulfill a utility function within a Web3 platform. Common examples of utility tokens include:

• GRT in The Graph (consultation and access to indexed data),
• BAT in Brave Browser (advertising interaction),
• MATIC in Polygon (payment of network fees),
• AXS in Axie Infinity (participation in the game and partial governance).

Utility tokens can be used to:

• Pay for services within the dApp or protocol.
• Unlock premium features or additional levels.
• Participate in non-binding internal voting (in some cases).
• Encourage user activity (rewards for use, liquidity mining, etc.).

From a legal standpoint, utility tokens must be designed with precaution to avoid being classified as securities, especially under regulatory frameworks such as MiCA in the EU or the Howey test in the US UU.. Its correct legal, technical and communicative structure is essential to avoid regulatory conflicts.

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