VFIDE is a governance utility token. There are no referral bonuses, merchant incentives, lock bonuses, or any other profit-distribution mechanisms â by design, to ensure VFIDE is not classified as a security under the Howey Test.
Referral bonuses, merchant incentives, and yield create an expectation of profits from the efforts of others â the third and fourth prongs of the Howey Test. VFIDE deliberately omits all such mechanisms so that holding or using the token cannot be construed as an investment contract.