Money Utility

Money utility describes cryptoassets aspiring to be 'money'-like, with some or all of the critical properties economists associate with money (unit of account, medium of exchange, store of value).

The critical user interaction of a cryptoasset conferring money utility is users spending/exchanging the cryptoasset to receive a service. The token is responsible for transferring value from Party A to Party B.

Economic predecessors to money utility include hard monies, fiat sovereign currencies, local/community currencies, and virtual currencies (to varying degrees).