Bittrex Global Official dan repost
Not all tokens are created equal!
That’s why you need to KYT (Know Your Token).
Utility Tokens: Used within a specific platform or ecosystem for various purposes, like accessing a service, voting or receiving rewards. The most widely used token standard (or template) for utility tokens is the ERC-20 token standard developed on Ethereum.
Example: Basic Attention Token (BAT); The Sandbox (SAND); Decentraland (MANA)
That’s why you need to KYT (Know Your Token).
Utility Tokens: Used within a specific platform or ecosystem for various purposes, like accessing a service, voting or receiving rewards. The most widely used token standard (or template) for utility tokens is the ERC-20 token standard developed on Ethereum.
Example: Basic Attention Token (BAT); The Sandbox (SAND); Decentraland (MANA)