It is official: Reddcoin is a Utility Token!
Reddcoin Core is pleased to announce that on June 4th, 2018, working with Reddcoin Solutions LLC and suitable legal counsel, we have obtained required legal documentation defining Reddcoin (RDD) as a Utility Token, rather than a Security (or Securitized) Token.
Obtaining this document has been a long-awaited and required step for many of the larger and more regulation-savvy institutions that Reddcoin has endeavored to do business with, and with this document in hand now, we have a great many doors opened to RDD that were previously closed due to current or impending Securities regulation in multiple global jurisdictions.
We’re all excited here at Reddcoin Core and in the various Reddcoin communities for this major milestone in Reddcoin’s amazing growth, and we look forward to building the Reddcoin world together with all of you. Join us on Telegram (https://t.me/ReddcoinOfficial) or other social channels and Stake On!