We need a Legal Opinion Letter to proof Wise is a utility token, not a security token and this letter is required to get listed on different exchanges, starting with Kucoin. Wise is a decentralized token and thus this letter should be paid by the Wise community. We needed to raise as a community 250,000 Wise in order to get this Legal Opinion Letter and we succeeded!
Benefits:
– This letter is required to get listed on big central exchanges (Kucoin, Binance,…)
– Allows the Wise core team to continue to built without legal interruptions from the SEC
– Increases the change of being correctly listed on crypto price and statistics sites (like CoinMarketCap and CoinGecko)
– Introduces for the Wise community to give out grants to incentivize more projects to built on the Wise token base layer
– Can open the door to institutional investors, who currently fear the repercussions of unverified token projects.
Legal Opinion Letter
We need a Legal Opinion Letter to proof Wise is a utility token, not a security token and this letter is required to get listed on different exchanges, starting with Kucoin. Wise is a decentralized token and thus this letter should be paid by the Wise community. We needed to raise as a community 250,000 Wise in order to get this Legal Opinion Letter and we succeeded!
Benefits:
– This letter is required to get listed on big central exchanges (Kucoin, Binance,…)
– Allows the Wise core team to continue to built without legal interruptions from the SEC
– Increases the change of being correctly listed on crypto price and statistics sites (like CoinMarketCap and CoinGecko)
– Introduces for the Wise community to give out grants to incentivize more projects to built on the Wise token base layer
– Can open the door to institutional investors, who currently fear the repercussions of unverified token projects.
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