Properties of user-issued tokens

• Transferable/non-transferable (Non-transferable tokens can be sold via crowdfunding campaigns and traded, but cannot be transferred. Transferable — can be sold via crowdfunding campaigns, traded, and transferred.)

• Requires KYC/doesn’t require KYC (this is referred to the KYC of those who want to acquire this token. Unverified users are not able to invest, trade, transfer, and even receive the tokens with the Requires KYC property.)