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Utility tokens are not investments

Utility tokens are not investments

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I often describe crypto tokens as gift certificates, and utility tokens are the best example of why. You’re basically buying the right to consume a service. In the context of software, it’s basically like buying a license. If you stop here and don’t go any deeper, this all looks pretty good.

But of course you know by now I never stop at the surface, let’s go deeper.

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