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This cold war between Utility and Security Tokens never seems to end, does it?
Generally, tokens that a company has are represented either as security or utility and are given away to investors during public sale called ICO (Initial Coin Offering) in the case of Utility Tokens, and STO (Security Token Offerings) in the case of Security Tokens.
But first, what actually is the CLEAR DIFFERENCE between a utility and a security token?
Utility tokens require the investors to use the token for a service offered by the company and NO PROFIT is obtained by the customer through this purchase. Whereas, security tokens are issued to investors for the exchange of their money and are made part of the company profit, based on the amount of token purchases made.
Here, the official token of Bitwings, BWN is a Utility Token!
Why is BWN a Utility Token?
Bitwings believes in offering world-class services that can ONLY be brought by those who own BWN tokens. These services are exclusively offered by Bitwings and are the first-ever innovations brought about in the world of technology, cryptocurrency and smartphones.
Any guesses? Here we go!
