The EDNA DAC code is being work on, 100 million EDNA token is allocated to those who wish to stake, its a way of putting your tokens to work for you as the code is put together to add the other features... Its also a great opportunity to earn some EDNA, and I won't classify it as a security, this is an allocation meant for early adopters to earn more EDNA as we build out the features to put your DNA in your hand and give you sole authority of it
The DAC may ultimately decide to have the token classified as a security, but until they vote and determine what the token represents, it's classified as a type 3 (new and unclassified) token.
Taken from the existing constitution: We acknowledge that The AGE Project, Inc. distributed the crypto-currency called EDNA Tokens at no cost to the recipients of these tokens, Therefor EDNA Tokens currently represent no claims of ownership, rights of control, voting powers or other matters of influence upon the DAC or EDNA itself. This fact does not preclude the DAC from determining that its profits may be distributed in whole or in part by apportion of tokens held, or any other legal use for the token the DAC may elect.
The EDNA DAC code is being work on, 100 million EDNA token is allocated to those who wish to stake, its a way of putting your tokens to work for you as the code is put together to add the other features... Its also a great opportunity to earn some EDNA, and I won't classify it as a security, this is an allocation meant for early adopters to earn more EDNA as we build out the features to put your DNA in your hand and give you sole authority of it
The DAC may ultimately decide to have the token classified as a security, but until they vote and determine what the token represents, it's classified as a type 3 (new and unclassified) token.
Taken from the existing constitution: We acknowledge that The AGE Project, Inc. distributed the crypto-currency called EDNA Tokens at no cost to the recipients of these tokens, Therefor EDNA Tokens currently represent no claims of ownership, rights of control, voting powers or other matters of influence upon the DAC or EDNA itself. This fact does not preclude the DAC from determining that its profits may be distributed in whole or in part by apportion of tokens held, or any other legal use for the token the DAC may elect.