Hi First name,

Thank you for your interest in Unicoin!

In this message, I’d like to respond to some recurring questions related to the new SEC position on cryptocurrencies.

1/ If unicoins are issued as non-securities, what’d be their utility?

I think that unicoins shall be issued as governance tokens with deflationary protocols.

Governance tokens are crypto tokens that give holders voting power over a decentralized project or protocol. Holders can:

Propose and vote on changes (fees, parameters, upgrades)
Allocate treasury funds and grants
Elect delegates or council members
Approve partnerships or protocol deployments

Governance tokens are typically used in DAOs and DeFi protocols. Common models include token-weighted voting, delegated voting, and time-locked voting.

Unicoin Foundation will coordinate and incentivize work of Unicoin Community on improving and promoting unicoins.

In developing the decentralized business model aimed at outperforming other coins, we are open to recommendations from the community of Unicoin holders on best functionality of unicoins.

2/ What agency will be supervising trading of unicoins?

The SEC regulated securities, so if we issue unicoins as non-securities, they will fall within the category of digital commodities.

The regulation of commodity trading is much less restrictive than the regulation of securities. Securities, like stocks and bonds, require detailed disclosures and are overseen by the SEC. Commodities trading has a less stringent reporting framework, though the Commodity Futures Trading Commission (CFTC) polices fraudulent and manipulative activity in futures and derivatives markets.

Legislators seem to be inclined to put CFTC in charge of overseeing trading of cryptocurrencies:

3/ On a different note, I’m pleased to share with you that today Silvina Moschini, the co-founder and Chief Strategy Officer of our company will participate in the Presidents’ Forum of the ALETI TECH SUMMIT:

With very best wishes,

Alex Konanykhin
CEO, Unicoin Inc.
Linkedin.com/in/konanykhin
Konanykhin.com
Unicoin.com
1 World Trade Center
85th Floor
New York, NY 10007

P.S.: My updates focus on our journey towards becoming a publicly-traded company and on our efforts to turn our Unicoin into a major cryptocurrency. These updates are not intended to serve as financial advice or to replace our official reports filed with the SEC. Please note that I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. “Unicoin USA” term is occasionally used for Unicoin Inc., a Delaware corporation. My past updates can be found at u.site/updates

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