Quote from: d5000 on May 06, 2024, 06:42:49 PM

Quote from: plasmid on May 06, 2024, 08:34:09 AM

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. The token may qualify for some kind of exception because of its limited scope, but if it's a cryptocurrency (in contrast to being e.g. a totally centralized server-based "currency" like flight miles) it's normally tradeable via smart contracts, so people can speculate with its price.

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).

Thank, D. This is very helpful!

And you are correct, the value of the token will increase based on 2 main factors: 1. income & 2. the reduction of tokens in circulation. It'll boil down to patience, those that wait are guaranteed bigger returns, month after month.

Let me get this moved to Legal and go from there.

Thanks again for your input, stay tuned in!