Does LINK pass the Howey test?

[Anonymous No.57878206]

/biz/ decides!
Please mark your responses to each of the following characteristics:
>1. An investment of money
>2. In a common enterprise
>3. With the expectation of profit
>4. To be derived from the efforts of others

[Anonymous No.57878232]

>>57878206
It's a utility token used to pay for the services Chainlink provides. It passes the Howie test.

[Anonymous No.57878239]

It passes!

[Anonymous No.57878260]

The team owe you nothing and that's a good thing

[Anonymous No.57878269]

>>57878239
>>57878232
Please, be sure to give responses to each point with detail and complete sentences!
Thank you! :)

[Anonymous No.57878580]

>>57878232
1. Yes, Link passes the Howie test
2. Yes, Link passes the Howie test
3. Yes, Link passes the Howie test
4. Yes, Link passes the Howie test

[Anonymous No.57878734]

>>57878580
Oh dear. I'm afraid that isn't how this works. Feel free to try again!

[Anonymous No.57878743]

>>57878269
The real answer is:
It doesn't matter.

The Howey test is used to determine if an investment contract is a security.
The LINK token is a cryptocurrency token, not an investment contract.

I mean, I can make an argument that a Powerball lottery ticket doesn't pass the Howey test. But at the end of the day, it doesn't matter, because the Powerball lottery ticket isn't an investment contract, so whether it passes the Howey test is moot.

[Anonymous No.57880159]

>>57878206
1. maybe - it can be used as a form of money itself to pay for services
2. Yes
3. Not necessarily - can be bought to use for services not only increase in relative fiat value
4. Well, maybe - again it depends. You can just use services of chain link to make profits via your own efforts vice like holding a stock where it depends how the company operates and performs.
You have to say yes to all 4 questions to call it a security. Therefore it’s not a security
>verification not required.