Subscription Utility Tokens are digital assets created on a blockchain that allow users to access specific services or products for a set period. Unlike traditional subscription models, where payments are made regularly in fiat currency, these tokens enable the use of cryptocurrency for subscription services. This innovation provides transparency, security, and flexibility for both users and service providers.
In essence, Subscription Utility Tokens act as a gateway for accessing a wide range of services, from streaming platforms to software solutions, all within a blockchain environment.