You may have noticed a lot of cryptocurrencies popping up in the last year, but did you know the word cryptocurrency refers to both coins and tokens? To a certain extent, these words have been used interchangeably, but it’s likely that the cryptocurrencies you are most familiar with like Bitcoin and Litecoin, are coins, not tokens. Coins have different investment characteristics compared to tokens. While coins are general storage of value that can be exchanged for goods and services, tokens are backed by a unique initiative and represent specific assets. In this article, we will take a deeper dive into utility tokens, which grant access to a specialized good or service in the future, like a voucher or coupon.