Going through the T&Cs. How should i interpret the below paragraphs? Does it mean BERRY will not be on an exchange ever? Once i have bought the Tokens and vesting period has passed, i can never exchange them back to ETH and get out?? Can someone please clarify.
BERRY Tokens do not have any functionality or utility outside the Rentberry Platform.
The functionality and utility of Berry Tokens will therefore be limited to interacting with users/content within the confines of a single platform. BERRY Tokens will not have any functionality or utility outside the Rentberry Platform. It is therefore intended that BERRY Tokens will continuously circulate within the Rentberry Platform ecosystem. The Rentberry Platform will therefore be structured as a “closed system” insofar as the use of BERRY Tokens is concerned. Whilst it is possible that a secondary market could develop for trading BERRY Tokens, the Company will not create such secondary markets nor will it act as an exchange for BERRY Tokens. To the extent a secondary market or exchange for trading BERRY Tokens does develop, it would be run and operated wholly independently of the Company, the BERRY Token Sale and the Rentberry Platform.
Possibility of change to the intended functionality of BERRY Tokens
PLEASE NOTE THAT WE ARE IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF BERRY TOKENS. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, WE MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY OF BERRY TOKENS IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH WE ARE SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE TO THE FUNCTIONALITY OF BERRY TOKENS AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONLCUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF BERRY TOKENS.
In my opinion this means that on the Rentberry you won't be able to exchange eth/fiat/btc for berry, also they're going to make their erc20 compliant to regulatory agencies like the SEC
Then why would i want to buy the berries? I don't get equity or get to exchange it them for eth/fiat/btc when they might appreciate. Or do you mean, i might be able to do that once the berries are traded through etherdelta / exchanges - not sure if i am making any sense. There is so much more i need to learn.
Thanks for your reply.
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