To answer your question: An LCO is not a security. An LCO is a utility token
So bottom line is, that some ulitily need to be created in the first place, right? So let's say you have existing company which only wants to raise more funds and sell part of their ownership (the way we could do it with stock markets). Or same company only were interested in raising money via IPO.
And this company doesnt have a need to develop utility token at all. In that case STO should be solution, is that correct?
Should LCO be considered replacement for ICO? Im still trying to undertand it.
Got it, @blockshine. Thanks for taking time to explain.
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Dear @blockshine
Thank you for this amazing reply.
So bottom line is, that some ulitily need to be created in the first place, right? So let's say you have existing company which only wants to raise more funds and sell part of their ownership (the way we could do it with stock markets). Or same company only were interested in raising money via IPO.
And this company doesnt have a need to develop utility token at all. In that case STO should be solution, is that correct?
Should LCO be considered replacement for ICO? Im still trying to undertand it.
Yours
Piotr