Replies to post #12890 on PHI Group Inc (PHIL)

[realGW]

Anybody interested can do the DD and decide for themselves, but I read it as token or exchange... either way if its a security, it needs to be registered or have an exemption with the SEC to be legit. This is why so many ICO launches have been delayed or moved overseas lately.
But that's just my view of it.


"ICOs, or more specifically tokens, can be called a variety of names, but merely calling a token a “utility” token or structuring it to provide some utility does not prevent the token from being a security."

[Ardbeg]

That is not accurate because crypto exchanges are just that... an exchange - where a group of current cryptocurrencies trade and GILDEX is not going to be a cryptocurrency trading exchange.

GILDEX will exist as a token: (and therefore it has to build on top of the architecture of an existing Altcoin (either Bitcoin derived or Native Blockchain such as Ethereum Ripple etc)

Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradable, from commodities (Gold!) to loyalty points to even other cryptocurrencies.

"Besides the imminent circulation of Gildex tokens in connection with the American Pacific Resources, Inc.’s underlying gold assets"

https://globenewswire.com/news-release/2018/03/22/1444643/0/en/PHI-Group-Engages-Renowned-Consulting-Firm-to-Assist-in-Deployment-of-Blockchain-Technology.html

So the Gildex token is representing the gold asset.

$PHIL