What is a Utility Token Offering (UTO)?

A Utility Token Offering is a digital token of crypto which is issues so as to fund a digital currency. The token can be used at a later stage to buy goods or services offered by the issuer of the digital currency. In short, a utility token is not a physical token and therefore you cannot touch or even hold it. The main purpose of creating this token is to raise funds. The buyer of the utility token uses fiat money or specified digital currencies and the raised money is used to develop a specific product.