CAPVERTO connects the cryptocurrency technology and fiat money. With a lot of features that include an international prepaid physical and virtual cards, convenient P2P lending-borrow, straightforward copy trading as well as cryptocurrency insurance, it is designed to be easily accessible specifically for the unbanked. At the center of CAPVERTO there is CAP, which is a utility token that gives you access to different services which are available of the CAPVERTO platform. For example, you are able as a member to use the integration of CAPVERTO with OKex and Binance to sell CAP tokens as well as take advantage of the cash back rewards system which is attached to the prepaid card program.
Utility tokens vs. security tokens vs. coins
Utility token
This is a voucher that represents future access to the vendor’s solutions. A utility token is not referred to as an investment token. Think of it as some sort of a preorder combined with a coupon just like how many companies allow their customers to reserve access to forthcoming release and sometimes gain advantages from doing so such as discounts. ICOs guarantees a seat at the table to each member holding a utility token by letting them have assets that they can exchange for goods and services. The importance of utility tokens increases relatively with the network expansion since larger network means more demand for its tokens. Keep in mind that utility token has no legal definition as by now it is just a community-defined term with possibly a variety of implications from one ICO to the next. For that case, different self-assessments are available to whether the given token qualifies to be a utility Token.
Security Token
This is a token with a value that is derived from external tradable assets. Unlike vouchers, security tokens are investments which mean they are not different from the many other types of securities you know. Securities must be licensed otherwise the ICO offering them could face severe penalties from regulatory agencies such as the U.S. Securities and Exchange Commission. Security token remains a frontier in ICOs whereby they are easily outnumbered by the utility tokens.
Coins
A token is not a coin, and this is an important aspect of cryptocurrency as well as being the core of the CAP. Every cryptocurrency has its own blockchain that functions as a ledger of its narrow currency use case such as transacted payments in its coins. Tokens serve a variety of functions and may appear on top of any blockchain. This is the unique feature that differentiates utility and security tokens. Ethereum (ETH) is a cryptocurrency with a specific blockchain lying underneath it. But many tokens are built to run on the ETH blockchain and might represent shares of accounts for anything from storage to a cash back rewards system.
There is quite a big difference between utility and security tokens, and coins. CAP offers all these features on its platform, and you are able to take advantage of them. Through CAP you will be able to access these features even if you do not own a bank account no matter where you are. All you need is just log in your CAP account.
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