Platform tokens make use of blockchain infrastructure to deliver decentralized applications (dapps) for a variety of purposes. Dai, for example, is classified as a stablecoin because its price is soft-pegged to the US dollar and is maintained through mechanisms built into smart contracts, but it can also be classified as a platform token because it is built on the widely used Ethereum blockchain.
Platform tokens benefit from the blockchains on which they are built, including increased security and the ability to support transactional activity. Platform tokens have a wide range of applications, from serving gaming and digital collectibles platforms (CryptoKitties!) to global advertising and marketplace industries.

Platform tokens are digital assets native to blockchain platforms that provide users with access to various services and functionalities within that ecosystem. These tokens are integral to decentralized applications (dApps) and smart contracts, enabling interactions, transactions, and governance. For example, Ether (ETH) is the platform token for Ethereum, used to pay for transaction fees and computational services. Similarly, Binance Coin (BNB) powers the Binance Smart Chain, offering reduced trading fees and participating in token sales. Platform tokens often grant holders voting rights for protocol upgrades or changes, fostering community governance. Their utility and value are closely tied to the platform's adoption, functionality, and overall success in the blockchain space.