A tokenized form of a utility such as computation power, cloud space, file sharing, etc. The underlying service is a programmable blockchain asset. These app coins provide a kind of consumer membership and access to services or other scarce resources. This mainly involves pre-selling a specific service and using the sale proceeds to build the needed structure or to further develop and improve existing structure. For example, app coins on computation helps the issuer harness the power of an extended number of devices that are put in daily use in order to distribute computation utility across the network.
An example of app coins is the discount token.
An app coin is also referred to as utility token.
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