TC Utility Token

The Triple Confirmation Utility Token (TC) is a digital asset that is built on the Avalanche blockchain and gives you access to a range of services offered by the Triple Confirmation project.

“Overview of the Triple Confirmation Utility Token (TC)”

The Triple Confirmation Utility Token (TC) is a digital asset that is built on the Avalanche blockchain and gives you access to a range of services offered by the Triple Confirmation project. These services include a decentralised trading bot, a token farm, and other services that may be offered in the future. The TC token is 100% custom-coded and EVM compatible, which means it can be used with the Ethereum Virtual Machine and other Ethereum-based technologies.

The TC Utility Token has a fixed maximum supply of 142 million tokens, which are allocated as follows:

  • 15% (21.3 million tokens) are reserved for token migration from Discord
  • 35% (49.7 million tokens) are for liquidity and treasury purposes
  • 7.5% (10.65 million tokens) are allocated for coding backend
  • 7.5% (10.65 million tokens) are allocated for coding frontend
  • 7.5% (10.65 million tokens) are allocated for marketing design
  • 7.5% (10.65 million tokens) are allocated for marketing growth
  • 10% (14.2 million tokens) are for charity
  • 10% (14.2 million tokens) are reserved for the founders

It is important to note that the TC token is not a security (token). A security token is a type of token that represents ownership of an asset, such as a company or real estate. The TC token does not represent ownership in any asset and is not designed to be an investment vehicle. Instead, it is purely a utility token intended to be used for accessing and utilising the services offered by the Triple Confirmation project. In the United States, the Howey Test is a legal test used to determine whether or not a particular financial instrument is considered a security. The test is named after the 1946 Supreme Court case SEC v. W.J. Howey Co., in which the Court established a four-part test to determine whether an instrument is a security. According to the Howey Test, a financial instrument is a security if it involves (1) an investment of money, (2) in a common enterprise, (3) the expectation of profits, and (4) derived from the efforts of others.

In this case, the TC token does not meet all of the criteria outlined in the Howey Test and therefore is not a security. It is a utility token intended to be used for accessing and utilising the services offered by the Triple Confirmation project, and it does not represent ownership of any asset.