Real Utility Token

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True Utility Token aka Real Utility Token are a kind of digital voucher which can be redeemed for a product or service of the Issuer. True Utility Token are not regulated as financial instruments. The Utility Token also symbolizes rights and obligations between the Issuer, Financial Liberty Realty, and the Purchaser. The Issuer promises the Purchaser a future service or product, which are outlined in the white paper and summarized in the Terms of Use below. 

A digital voucher may be purchased or redeemed at Financial Liberty Realty or Cafe Banc. Since the tokens are intangible, they do not have a legal character but represent the underlying rights.

Issuer promises to carry out the service or deliver the goods purchased within Financial Liberty Network. FinLiberty is not classified as e-money. Real Utility Token are not subject to capital market regulations. It is neither a security nor a capital investment. The Financial Liberty Realty Coin is structured as a Real Utility Token and is not a security. 

Purchasers of Utility Tokens do not have an investment component, although some may hope to (profitably) trade it in a (future) secondary market. A secondary market for FinLiberty does not currently exist. 

Utility Tokens as vouchers

Utility Tokens as a type of voucher are not comparable to securities. The incomparability with stocks and bonds is obvious, and clearly stated in the white paper and Terms of Use. Moreover, the Utility Token does not reflect a claim for money against the Issuer. It serves as a voucher that can be redeemed for goods or services. Therefore, its negotiability on the crypto exchanges corresponds to the trading with goods and not with a security. 

It is irrelevant whether Tokens are already usable or whether the promised service will only be offered at a later time. This circumstance does not change its actual purpose, namely being exchanged for goods and services. A financial return on investment is not promised. 

Consumer protection and expectation of profit

With regard to consumer or "investor" protection, a Utility Token is not comparable to securities and the classification as a security is therefore not necessary. The Purchaser does not invest in an instrument which is supposed to yield return on investment to be provided by the Issuer, but in a voucher to be redeemed for goods or services. The Issuer adheres to the California Consumer Privacy Act (CCPA) and all applicable laws associated with professional licenses held by Financial Liberty Network and Financial Liberty Realty.

Utility Token with expectation of profit

A Utility Token, having (advertised) profit expectations if sold on the secondary market (if one is created) does not grant a membership right or a similar economic situation and does not substantiate a monetary claim, it only grants a voucher-like right to goods and services. The expected profit does not come from the Issuer, but can only be paid by third parties outside the Issuer's area of accountability.

Unlike in the case of securities, it is therefore not the Issuer's credit rating that is decisive, but the ability to provide the service or goods specified on the voucher and to pay a certain price for the Utility Token upon the will of previously uninvolved third parties. 

The Utility Token does particularly not include a direct participation in the company's success. A Utility Token does not promise interests, profit sharing or other compensation, and is therefore not an investment in Financial Liberty Network nor Financial Liberty Realty.

Purchase and Redeem Utility Token

Purchasers of Financial Liberty Realty Coin can redeem the Real Utility Token for any goods and services offered within the Financial Liberty Network (partners identified below) at an exchange rate of 1 FinLiberty equal to $31 USD. Purchasers may also use the voucher to receive discounts on travel and concierge services offered by REILLIST. Financial Liberty Realty Coin can be purchased or redeemed in-person or online at Cafe Banc; via mail by sending a check or written request to Financial Liberty Realty 900 E Hamilton Ave Ste 100, Campbell, CA 95008; and electronically via PayPal (send us a message to request merchant id). 1 FinLiberty can be redeemed to receive a 0.25% rebate on residential mortgage financing and real estate transactions, or to purchase a credit report. The Purchaser can choose to secure their credit profile on the Financial Liberty Network Digital Ledger, and include proof of payments for debt-like obligations that are currently not being reflected on their "traditional" credit report.