PXP is a utility token designed for internal use within the products of the PointPay ecosystem. In some jurisdictions stacking and burning mechanisms are supposed to be a form of paying dividends, whilst in the orthers they are not.
For instance, Binance token, BNB, is a utility one. Nevertheless, Binance burns BNBs quartely, giving the investors a chance to multiply the funds they invested. It's like a form of paying dividends, but BNB is still utility, not a security.
To clarify this, we will publish the PointPay Tokenomics Paper soon with a deep explanation of PXP nature. Thank you for your patience!
But BNB don't pay dividents to token holders. Yes, they are burning tokens, but this is not dividends. If company pay dividents to investors than this mean that this is security token...