Utility tokens are integrated into an existing protocol on the blockchain and used to access the services of the protocol. It is not created for direct investment like security tokens, but it can be used for payment of services within their specific ecosystems.

In reality, gift vouchers and public transportation tickets are instances of utility tokens. Different models for utility tokens are the Basic Attention Token and the Golem Token.

A utility token is defined as the following, a digital token of cryptocurrency that is given to fund developmeny of the cryptocurrency and that can be later used buy a decent or service offered by the guarantor of the cryptocurrency. In basic term, a utility token is a blockchain base resource individual purchase with the aim to use for something later on. As a basic model, a company developing a web based game could give utility tokens to fund the development of the game.