Re: 🔴🔴🔴[ANN][STO] CINDX | PRE-SALE STARTS 26 AUGUST, 2018🔴🔴🔴

I've heard that you only list security tokens. What is the reason for this? Is not utility token simplifying user interaction with the platform?

In this case, we have a good example:
1. The head of SEC said in his statement that there is no utility, as utility does not provide profit, can not be traded on the exchange and provides utilitarian functions. For example, access to the platform;

2. To classify the token we contacted Estonian lawyers and received a legal opinion, in which our token was classified as a security token;

3. If we had followed the "simple" way, the American market would have been closed for us and the consequences for the company would have been unpredictable.

In this case, I have a few questions. I'll start from the end.
What prevents the entry of your company into the American market in case of introduction of this kind of a token?

SEC does not approve of utility tokens so if you choose to be one, SEC forbids you from entering the American market. Since we are a security token, there is nothing stopping us from entering the American market as long as we get all the necessary documents ready, and we are getting closer and closer to receive the license from SEC!

Got it, let's move on to the next question. What is the determining factor in the classification of the token? Are there any properties or features of the code itself?