As far as I understand, a utility token is a token that FAILS the howey test. If you do go trough the howey test, ones token is classified as a security.
Exactly what implications it has I am not sure about.
Topic: What separates Utility token and securities? (Read 138 times)
What is the exact difference between a utility token and a token that by the SEC gets classifies as a security? And what are the implications of being classified as a security?
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