Next gene token Decentralized system

NeoxChain is an EVM-compatible blockchain that aims to complement the $Neox cryptocurrency. As a proof-of-stake blockchain, NeoxChain seeks to bring scalability, security, robustness, and utility to $Neox. NeoxChain envisions that interoperable blockchain technology makes the world economy more resilient through decentralization, more accountability through transparency, and more efficiency through programmable value. The future economy consists of more than one million interconnected blockchains that exchange real-world and scarce digital assets.

NeoxChain is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.

A utility token is a type of token that is used to access a particular product or service within a blockchain-based ecosystem. Unlike security tokens, which represent ownership in a company or asset, utility tokens do not provide any ownership or investment stake in a project.

Utility tokens work to provide users with access to specific functionalities or services within a decentralized network. There are different types of utility tokens, and they are often used to incentivize users to participate in the network by offering rewards or discounts for using the token to access the network's services. The use of a utility token is limited to the particular ecosystem that it is designed for. For example, one day, Uber could have its own utility token which people would use to pay for rides on the Uber network. Utility tokens are not designed as investment vehicles.