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Token Utility

If the token is not being issued as a security, it is important that it fulfills an important function.

Sam Monac avatar
Written by Sam Monac
Updated over 5 years ago

In the regulatory light, whether the token passes the Howey test of securities is important. If the token is not being issued as a security, it is important that it fulfills an important function within the platform to justify its existence. 

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