FAQ

September 24, 2021

Is Luminium Coin a security?

To qualify as a “security” also known as an “investment contract” Luminium Coin would need to qualify for the 4 criteria of the Howey Test.  Established the Supreme Court, an investment contract constitutes the following: 1. An investment of money 2. In a common enterprise 3. With the expectation of profit 4. To be derived…