Blockchain-native platforms issuing utility tokens do so for a number of reasons, from granting access to their services to generating product interest.

These tokens can deliver many benefits, here are some of the major advantages they offer.

Access to exclusive services:
A fundamental of utility tokens, they facilitate access to specific services, products or platform functions within a Blockchain ecosystem that can provide token holders with a range of advantages.

Reduced transaction costs:
By enabling direct peer-to-peer transactions, intermediary fees are significantly lowered.

Enhanced security:
All utility token transactions are recorded on the blockchain. This not only ensures transparency but also helps protect against manipulation and, ultimately, fraud.

Global accessibility:
Utility tokens can be developed independently of geographical restrictions, making them fully accessible and truly versatile. 

Innovation:
New business models and revenue streams that may not otherwise be implemented, or that would experience difficulties in being established via traditional methods, can be enabled by utility tokens.

Decentralized governance:
Some utility tokens offer voting rights, which allows token holders to participate in decision-making processes on the platform.

The evolution of utility tokens and their use is continual, and is a topic that requires close attention to ensure a clear understanding.

The descriptions provided above are all based on publicly available information, and cannot be considered as financial advice or encouragement to invest. Sources of information used in this post include Forbes and CoinMarketCap. All transactions involving digital assets involve certain risks, which you should familiarize yourself with prior to any investment.