Besides cryptocurrencies and tokes, there are also hybrids. While it is theoretically feasible to draw a clear dividing line between cryptocurrencies and tokens, and, diving deeper into the latter category, investment and utility tokens, in practice it is not always easy to fit a cryptoasset into one or the other category.
This is because cryptoassets can exhibit features of more than one category. Cryptoassets that embody such a combination are commonly referred to as hybrids and raise particular regulatory challenges. An example of a hybrid token, more specifically an investment-utility hybrid, is Crypterium, which is used to pay transaction fees when using the services provided by the issuer, gives right to discounts for future services, and gives a right to revenues.