Grenmove will work to provide users with access to specific functionalities or services within Vinu chain network also used to incentivize users to participate in the network by offering rewards or discounts for using the token to access the network’s services.

What is a Utility token? A utility token is a type of token that is used to access a particular product or service within a blockchain-based ecosystem. Unlike security tokens, which represent ownership in a company or asset, utility tokens do not provide any ownership or investment stake in a project. Given that utility tokens are used to access specific services or products within a decentralized network (blockchains), they are not considered securities and do not represent any ownership or investment in a company or asset. As a result, they are subject to less regulatory scrutiny than security tokens.

In summary, the main differences between utility tokens and security tokens are their functions and legal status. Utility tokens provide access to specific services or products within a network, while security tokens represent ownership in a company or asset. Utility tokens are subject to less regulatory scrutiny than security tokens, but security tokens must comply with securities laws and regulations.