Not A Security (NOT) is a wealth-redistribution utility token.
- Buy NOT at a constant 1:1 rate with Ethereum, forever.
- All proceeds go to the top 10 token holders.
- The more NOT you buy, the higher your portion of the proceeds.
- NOT is not a financial security.
"An investment contract is an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others." - SEC
FAQs
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Is NOT an investment security or contract?No.
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Is it a common enterprise?No. In fact, no one can make any money unless other token holders lose money. It's mathematically impossible for all token holders to make a profit or recoup their "investment".
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Do token holders depend on the entrepreneurial or managerial efforts of others?No. This token exists now, and it does what it does. No one can do anything with the proceeds to make it more valuable.
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Is there a reasonable expectation of profit?No. Your expected profit from buying this is roughly 0.
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Is this a pyramid scheme?Not really. Once more than ten people buy it, the top of the pyramid will get chopped off. It's closer to a trapazoid scheme.
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Is it at least ERC20 compliant?Yes.