Quote from: MandatoryOption on December 11, 2017, 04:02:12 PM

Quote from: Jay2408 on December 11, 2017, 03:27:24 PM

Quote from: the_donald on December 11, 2017, 02:28:07 PM

Quote from: iamdjm on December 11, 2017, 02:00:38 PM

Going through the T&Cs. How should i interpret the below paragraphs? Does it mean BERRY will not be on an exchange ever? Once i have bought the Tokens and vesting period has passed, i can never exchange them back to ETH and get out?? Can someone please clarify.

BERRY Tokens do not have any functionality or utility outside the Rentberry Platform.

The functionality and utility of Berry Tokens will therefore be limited to interacting with users/content within the confines of a single platform. BERRY Tokens will not have any functionality or utility outside the Rentberry Platform. It is therefore intended that BERRY Tokens will continuously circulate within the Rentberry Platform ecosystem. The Rentberry Platform will therefore be structured as a closed system insofar as the use of BERRY Tokens is concerned. Whilst it is possible that a secondary market could develop for trading BERRY Tokens, the Company will not create such secondary markets nor will it act as an exchange for BERRY Tokens. To the extent a secondary market or exchange for trading BERRY Tokens does develop, it would be run and operated wholly independently of the Company, the BERRY Token Sale and the Rentberry Platform.

Possibility of change to the intended functionality of BERRY Tokens
PLEASE NOTE THAT WE ARE IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF BERRY TOKENS. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, WE MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY OF BERRY TOKENS IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH WE ARE SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE TO THE FUNCTIONALITY OF BERRY TOKENS AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONLCUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF BERRY TOKENS.

This is an ERC20 token. they can't stop you from trading it.etherdelta will have it on their exchange as soon as the tokens are sent.

I'd guess in the 1st paragraph they just say that they won't act like an exchange but don't exclude that their tokens can be traded on exchanges.

The 2nd paragraph I actually don't understand. Changing the functionality of Berry tokens?? What other functionality they should have? No idea what that means.

Could it be that the second paragraph has something to do whether Berry tokens are considered an Utility or a Security token? And that to comply with the SEC regulations they try to get their tokens deemed as an Utility token?

You lost me there

Can you elaborate on the difference?