🔹Legal Aspects
Legal Aspects of Tokenized Projects at Mosaico
Each Tokenization Model, depending on the type of tokenized project, is based on a recommended legal model.
Description
Payment Token
Utility Token
(Property Rights and Intellectual Property)
(Security Token)
(Loans, POS, other financial products)
Legal aspect
Platform virtual currency that does not meet the conditions for electronic money
An identification mark within the meaning of the Civil Code representing a reservation contract for goods or services traded pursuant to the issuer's irrevocable consent to the assignment of rights
A token that is a license agreement for an intellectual property right or represents a share of the consideration due for licensing the intellectual property right
Tokens representing shares in a simple stock company or classic investments on the basis of crowdfunding
Crowdfunding under the terms of Regulation 2020/1503
Decentralized registry
The decentralized registry technology enables the exchange of tokens between users of decentralized wallets. As a result, there is no brokerage or intermediation as defined by the MiFID II Directive. This protects both the Issuer and the Tokenary against accusations of unauthorized trading in financial instruments, which can occur in the case of centralized crypto exchanges.
The MOS Token
The MOS token is a typical payment token within the Mosaico platform. It meets the definition of a virtual currency, as contained in the provisions of the Anti-Money Laundering and Countering the Financing of Terrorism Act. However, due to its lack of redeemability, it does not constitute electronic money. The token also has the characteristics of an ID card due to the fact that its value is tied to the Mosaico project portfolio.
The ability to receive benefits from the proof-of-stake protocols, created by Mosaico, is a reward to Token holders for using and purchasing MOS tokens. They constitute an unnamed contract with predominantly elements of a public promise within the meaning of the Civil Code.
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