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A utility token is a decentralized token you pay to a provider in order to do a service for you. Maybe it's hosting. Maybe it's manual work. Maybe it's AI credi
by EGreg 3y ago
A utility token is a decentralized token you pay to a provider in order to do a service for you. Maybe it's hosting. Maybe it's manual work. Maybe it's AI credits. Maybe -- like in the case of RHEL - it's licensing fees. Think about it like the API credits and quotas that you are given by an API provider, except more decentralized.
You can use trustlines to make it a lot more scalable, meaning the provider only closes out the trustline and posts it to the blockchain to collect the tokens, once in a while, not on every micropayment.
Here is an example: https://qbix.com/ecosystem https://qbix.com/ecosystem