State 1: Speculative Mode (Default)
- Free trading
- No equity rights
- Pure utility token
- No securities implications
State 2: Equity-Locked Environment (ELE)
When a holder voluntarily deposits tokens into the ELE smart contract, they become a beneficiary of equity held inside an SPV (Special Purpose Vehicle). This state is:- Regulated
- KYC-gated
- Broker-dealer administrated
- 100% compliant
- Not a tokenized security
- Web3 investors to access equity
- Startups to unlock liquidity
- Equity to remain legally compliant
- Tokens to remain non-security assets

