2.1.14. The Native Token: 4IR Token

The 4IR Token issued pursuant to this Offer is the cornerstone of the BlockchainValley Digital Platform and smart community. Its core functionality is to function as the means for transactions for all parties within this thriving Fourth Industrial Revolution ecosystem. Through the use of the 4IR Token and via network and word-of-mouth effects, individual and collective goals could be aligned, ecosystem value captured, and an inclusive micro-economy established.

The 4IR Token will initially be an ERC20 token that Subscribers must store in their personal ERC20 compatible wallets. The objective is to switch in the future to our 4IR Blockchain Protocol, to be released as explained in section 3.6 "Description of the distributed ledger technology". The transaction mechanism is described in section 3.5.1 "Use of tokens" and section 3.5.2.1 "Ecommerce and Dynamic Pricing" below.

These cryptographic tokens allow for the programmability of money, which is intended to be fully leveraged in the BlockchainValley ecosystem. Through this programmability, a unique tokenized business model, effective reward and incentive mechanisms and a frictionless payment system can be established, which is expected to help eCitizens, eCompanies and the BlockchainValley ecosystem grow and prosper. In the "Utility of 4IR Tokens" section, we provide more information on the various uses of the 4IR Token, such as reward and staking mechanisms.

The 4IR Token qualifies as a utility token for the purpose of French law (article L. 552-2 of the French Monetary and Financial Code). Therefore, it shall not be considered as a financial instruments nor as electronic money. Its issuance and transfer shall not be subject to the rules applicable to the issuance or transfer of financial instruments or electronic money pursuant to French law.