We’re happy to announce that we passed the Howey Test based on our lawyer’s legal opinion which was issued on December 22, 2017. This opinion states Bottos(BTO) is a consumable utility token and not a security as the token may be consumed to obtain the data service within our current beta version.
All US citizens and people from other countries can participate in the Bottos token purchase if they have the needs to consume. We truly believe Bottos will reshape the AI world with your support. To learn more please visit our website at https://www.bottos.org.
More on the Howey Test: http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html
