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Utility Token is a digital asset that is used to finance the network by providing its buyers with a guarantee of being able to consume some fo the network’s products. The most pervasive and common use case of Utility Tokens are used during crowdfunding and distribution events such as Initial Coin Offering (ICO) and other activities. Exchange Utility Token are used to pay for discounted fees on its CEX as well as the opportunity to participate in exclusive Initial Exchange Offering as a loyalty reward mechanism or other value-added services. The Newdex Platform Ecological Token (NDX) is used for VIP membership subscription.