In the field of encryption, utility tokens are those blockchain tokens that have specific uses and can provide actual functionality. These tokens are created based on the blockchain and are usually closely tied to the platform they are used on. Because they are not considered financial instruments, they do not need to adhere to strict regulatory standards like securities.

Generally, utility tokens are issued during ICOs, IDOs, or IEOs, and users can purchase these tokens using cryptocurrencies or fiat currencies. This way, the platform can encourage users to participate and be active in its ecosystem. For example, the platform may require users to hold a certain number of tokens to participate in specific activities or use certain features. In addition, utility tokens can also serve as a reward mechanism to reward users for completing tasks or providing services on the platform.

It is worth noting that the use of public tokens is typically limited to their respective ecosystems. For example, one day there might be a company similar to Uber that launches its own public token for paying for transportation services within its network. However, these types of tokens are not designed for investment.

Regulatory bodies, such as the SEC, have been closely monitoring newly released utility tokens and security tokens. To determine whether a token should be classified as a security token or a utility token, regulators often rely on the Howey test.

Since public tokens are not considered investment contracts, they do not need to comply with the same regulatory requirements as security tokens. An example like Filecoin is typical, as it is designed to help users utilize services on the decentralized data storage platform Filecoin.

Here are some examples of public Tokens:

- **0x (ZRX)**: This is an open-source protocol that allows for peer-to-peer trading of tokens and assets built on the Ethereum blockchain. Its goal is to provide a decentralized and trustless secure trading environment for ERC-20 compatible tokens.

- **Augur (REP)**: Augur is a decentralized prediction market platform where users can create predictions and bets about the outcomes of real-world events. The REP Token on the Augur platform is used to reward market participants who accurately predict event outcomes.

- **Golem (GNT)**: Golem is a decentralized supercomputer where users can rent their computing power to those in need. The platform uses GLM Token for service and resource payments.

- **Basic Attention Token (BAT)**: This token is based on Ethereum and is used to monetize user attention in the Brave browser. Users can earn BAT tokens by viewing advertisements in the Brave browser.

The content involves third-party opinions and does not constitute investment advice and may contain advertising content.