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What is Tokenomics? Understanding Crypto Fundamentals (Supply, Market Cap, Utility)What are Utility Tokens? As the name implies, utility tokens serve a specific function in decentralized protocols on top of a coin's blockchain. A utility token is a crypto asset, typically issued during an initial coin offering (ICO), that allows token holders to perform a specific. A utility token is a crypto token designed to perform a specific action within the blockchain of a certain project.