Post
Topic
Board Development & Technical Discussion
Re: I want to introduce an SEC compliant crypto currency (possible?)
by
d5000
on 06/05/2024, 18:42:49 UTC
If a creator decides to hold on to their tokens and wait until June to sell em at $0.01, would that still qualify as a utility?
That's already the kind of detail I cannot provide not being a lawyer Sad

From my own interpretation of the Howey test however, I would interpret that such a token is still a security, unfortunately. Because if the token can grow in value, then: what exactly does this growth depend on?

If it's the issuer company's efforts, then it's very likely a security. And in your example you wrote that the company's income is the variable from which ultimately the token value depends.

Regarding moving the topic: Yes, you'll have to write a PM to a moderator, preferrably to @achow101 or @gmaxwell, which are the moderators here (link to their profiles is on the top of the forum overview).