ANK tokens will NOT be a security, as we need it to pass the Howey test.
ANK is actually a currency, which will be used in the ecosystem. We've actually been a little vague on what exactly the ANK tokens do and the coming days we'll lay out exactly where the value comes from.
There'll be a blog in 2-3 days explaining all the aspects of the utility of the ANK token, with many details as to why you would want to possess them.
To cut it short if you have a certain amount of ANK in your smart wallet you become eligible for certain things.
For exmaple you must have 5 ANK in your smart wallet to have an account to begin with.
The top level will include:
- a free debit card linked to your account (all expenses are paid for - like charles schwab cards, so you can use it anywhere in the world without worrying about fees)
- free educational trading course
- free webinars
- free datafeeds
- free professional trading technologies charting tools (this usually costs thousands)
- lowest commissions (<0.01%)
- free virtual trading library
- yearly meetup with John Cruz
Thats just a few things. Theres more but its a bit too much to put into one post. As said theres a blog going up about this soon.
Also anyone who becomes top tier get these benefits lifetime.
We want to provide VALUE, especially long term value, and want to foster a place where people who actually want to grow their wealth can come.
Cheers for the clarification.