This cold war between Utility and Security Tokens never seems to end, does it?
Generally, tokens that a company has are represented either as security or utility and are given away to investors during public sale called ICO (Initial Coin Offering) in the case of Utility Tokens, and STO (Security Token Offerings) in the case of Security Tokens.
But first, what actually is the CLEAR DIFFERENCE between a utility and a security token?
Utility tokens require the investors to use the token for a service offered by the company and NO PROFIT is obtained by the customer through this purchase. Whereas, security tokens are issued to investors for the exchange of their money and are made part of the company profit, based on the amount of token purchases made.
Here, the official token of Bitwings, BWN is a Utility Token!
Why is BWN a Utility Token?
Bitwings believes in offering world-class services that can ONLY be brought by those who own BWN tokens. These services are exclusively offered by Bitwings and are the first-ever innovations brought about in the world of technology, cryptocurrency and smartphones.
Any guesses? Here we go!
1. The Minephone: World’s first ever smartphone capable of mining up to 2 Ethereum per month, only purchasable by an imbursement of 6000 BWN.
2. Secure Call Technology: Wings Secure Call grants a triple level of security for an end-to-end protection between users. This means, NO VOIP data flows through the server due to which even Wings Mobile can’t intercept calls! This is an ABSOLUTE 100% PRIVACY being offered, purchasable only if you earn BWN tokens!
However, the question remains, why is Bitwings not a Security Token even if they could have been it?
This is because; the Business Unit of Wings Mobile already implies an Equity section through their Marketing Model!
Watch this video to unveil your answer!
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