The Compliance of Codex on Althash with Securities Laws and Regulations

LEGAL OPINION

DISCLAIMER: WE ARE NOT AN ICO, HAVE NEVER RAISED FUNDS, AND HAVE NO FUTURE INTENTS TO HAVE PUBLIC OFFERINGS OF TOKENS.

 

All materials in this document are prepared in order to legally assess whether 'HTMLCoin' or other HRC20 tokens/coins used in Codex on Althash applications would be considered as “Security” as defined by Securities and Exchange Commission of the United States of America. Here we have made every possible effort to analyze the legal aspects which would determine whether it would fall under the category of being a security or not, which would make it outside of the purview of the SEC. The opinion hereby expressed is based on subjective interpretation of the factors which are important to decide the nature of token as a security. Codex on Althash can download, print, use this document for non-commercial use. 'HTMLCoinor other HRC20 tokens/coins used in Codex on Althash applications in securities law framework would be tagged as Utility Tokens as they provide access to the ecosystem. For developers it serves a different purpose than the normal facets a regular user can take advantage of. 'HTMLCoinor other HRC20 tokens/coins used in Codex on Althash applications are not designed as investments, nor should anyone interpret it in such a light. Keeping that in mind, the Codex on Althash Team strives to follow closely with current SEC token guidelines.

This document does not constitute legal advice and should not be portrayed in such a light.