UFUND in its whitepaper made the difference between Security Token and Utility Token
When it comes to security tokens, there is a lot of confusion. Some people think they are the same as utility tokens and others think they are the same as cryptocurrencies.
- (1888PressRelease) June 17, 2022 - Security tokens are backed by tradable goods, such as gold, real estate, and storage space to name a few. However, due to their similarity to fiat currencies, they are often more heavily regulated.
Actiwires LLC has announced UFUND milestones in its whitepaper to file for REGULATION D with the US regulator SEC .
It was done on April 22nd , 2022 .UFD has since then been a security Token .
Concomitantly Actiwires LLC is setting a REGULATION S which is similar to Regulation D filling but only for non US residents /Citizens .
Regulation D (506c) imposes that investors be accredited , US residents/ citizens and all transactions related to UFD Security Token take place only in the USA.Purchases and transfers from, to of UFD security token are monitored by either Actiwires LLC or its designated transfer agent.
Regulation S , is more flexible; purchases and transfers can take place anywhere in the world excluding from, to the USA and its residents / citizens . No need to be accredited investors . The management of purchases and transfers of UFD security Token will be monitored by Actiwires LLC or its designated transfer agent.
As a result of the above filling, UFD token has the status of a security token as well as utility token.
Actiwires LLC believes that UFUND security token ( UFD) will be the key to gaining the advantages of both types of tokens- security token and utility tokens. We achieved what we planned , making our UFD token a hybrid to gain the advantages of both.
We intend to issue as of may 25th 2022 , 250 000 security UFUND token (UFD) at $20 per unit for initial fundraising to achieve our development planned for 2022 .
Based on the robust ERC20 standard, UFD is also a utility token, which will be sold, used and traded on our platform and our dedicated token sales website.
Users will have access to a specific product or service with the utility token. Knowing the difference between utility and security tokens.
As soon as UFD utility tokens are purchased , they will be immediately available for use for purchasing of services , goods and any other transactional operations within the UFUND platform. Therefore, capital will not be raised through their sale.
While security token entitle the investors to ownership of a part of the company,
The utility token has these possibilities :
Utility Tokens can only be used and transferred within our platform.
Utility Tokens will be sold for the same price as long as the company exists.
Utility Tokens will be repurchased only at a discount of their face value.
Utility Tokens are marketed to emphasize their functionality rather than their potential to increase in value.
Holders of UFD utility token can also buy UFD security token
Any investors has the choice between security or utility
Platform members will use UFD utility tokens to make transactions, access premium features, and rewards.
Actiwires LLC objectives is : setting and developing UFUND as a DeFi Crowdfunding Platform that promotes tokenization as a new solution in the supply chain finance for small businesses. By bringing together investors and business owners, the platform brings solutions to businesses and sustainable returns to investors.
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