Niobium Coin (NBC) is a Utility Token, as CVM
Niobium got the green light from CVM (Comissão de Valores Mobiliários) Brazil’s equivalent of the Securities & Exchange Commission (SEC)
A decision without precedent in the domain of market regulatory agencies all over the world, the cryptocurrency has been given a green light by Brazil’s Securities Commission (CVM – Comissão de Valores Mobiliários).
Howey Test
The “Howey Test” is a test created by the Supreme Court for determining whether certain transactions qualify as “investment contracts.”
Under the Howey Test, a transaction is an investment contract if:
- It is an investment of money
- There is an expectation of profits from the investment
- The investment of money is in a common enterprise
- Any profit comes from the efforts of a promoter or third party
According to our review of the CVM process SEI 19957.010938/2017-13, the Niobium Token passed the Howey Test and was characterized as a Utility Token.
Projects in progress
Coffee coin
Coffee Coin is a token issued by the MinaSul cooperative, which is a utility token used mainly for Barter, that is, to exchange for goods within MinaSul itself, for example, in exchange for fertilizer, tractor, seeds etc.
The issuance of Coffee Coins is made with the reference of the coffee stored in the MinaSul warehouse. Every operation is audited by independent auditors.
Copyright Registration at CBL (Brazilian Book Chamber)
CBL is known for promoting the largest book fair in Latin America, the Bienal do Livro in São Paulo. Since 2020, CBL has been offering a copyright registration service with management and certification on the Ethereum Blockchain. BOMESP/STONOHUB, are converted into NBC Niobiums.
