Last updated: December 22, 2018
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The FLC token is classified as a Utility Token, specifically designed to provide holders with access to certain functionalities within the Flowchain ecosystem, including but not limited to the ability to obtain licenses for patented technologies. This characteristic of FLC, where it facilitates access to technological innovations rather than conferring ownership or profit rights, distinctly aligns it with the definition of a Utility Token, rather than a Security Token. The FLC token is not intended to serve as an investment vehicle, and its value is derived from its utility within the Flowchain platform, not from any promise of financial return. Holders should be aware that FLC does not confer ownership rights, profit-sharing opportunities, or dividends. Participation in the Flowchain ecosystem through the holding of FLC is intended for access to the platform’s services and innovations, not for speculative investment purposes. As with any digital asset, the value of FLC may fluctuate, and holders assume all risks associated with its use.