https://lnkd.in/dq5GeqCCargoCoin new legal opinion by a New York licensed attorney - Nikita Tepikin with NYC registration number: 5251814. According to the legal opinion CargoCoin is not to be considered a security, but a utility token.
As a utility coin,it will surely gain popularity.The team should work on to find out bussinessman who can help them with this condition
It's good to know that the coin is a utility token since it can give more chances for it's value to increase. This will also give assurance to the investors that the project is good for investments because of it's limited supply. I hope, they can implement this so that all supporters will be satisfied.
If to recognise what I observed in some popular projects, then burning of excess tokens not always results in good result.