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      • Connecting a Bank Account that uses Plaid
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      • How Rewards are Calculated
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  • ⚖️Legal and Compliance
    • Community Reward Tokens
    • Program Terms and Fee Schedule
    • Terms of Use & Privacy Policy
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On this page
  • BCard Points
  • BANK Token
  • Glo Dollar Token (USDGLO)
  • Higher (HIGHER) Token
  • Noggles (NOGS) Token
  • OMF Points
  • PoolTogether (POOL) Token
  • PURP points
  • Wrapped Origin ETH (WOETH)

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  1. Legal and Compliance

Community Reward Tokens

Here you can find a list of all tokens we award our users.

Last updated 1 month ago

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For legal reasons, BCard can only distribute tokens that are NOT considered "investment contracts".

The SEC (Securities and Exchange Commission) uses the Howey Test to define whether or not tokens are investment contracts. The Howey Test looks at the follow criteria:

  1. An investment of money

  2. In a common enterprise

  3. A reasonable expectation of profit derived solely from the efforts of others

BCard does not distribute tokens which would satisfy ALL of the above criteria. To ensure that's the case, we list all tokens we distribute on this page.

BCard Points

Contract Address: none

BCard are off-chain points which BCard team distributes to document contribution to our mission.

The BCard token is NOT a security:

  1. Investment of money? Yes, contributors exchange their effort or interchange fees in exchange for this token.

  2. In a common enterprise? Yes, contributors are all working to pursue our mission.

  3. A reasonable expectation of profit derived solely from the efforts of others? No, BCard tokens have no claim on revenue or profit. In fact, BCard revenues must go towards pursuit of our mission, as defined in our Foundation Bylaws.

BANK Token

Contract Address:

The BANK token is distributed by BanklessDAO to incentivize contribution to their mission: to create user-friendly onramps to onboard the next 1B people to bankless tools.

The BANK Token is NOT a security:

  • Investment of money? Yes, contributors exchange their effort or purchase tokens from a DEX.

  • In a common enterprise? Yes, contributors are all working to pursue the mission.

  • A reasonable expectation of profit derived solely from the efforts of others? No, BANK tokens have no claim on BanklessDAO's treasury. BANK tokens are for governance rights only.

Glo Dollar Token (USDGLO)

The USDGLO Token is NOT a security:

  • Investment of money? Yes, USDGLO tokens are available for purchase on a DEX.

  • In a common enterprise? Yes, USDGLO exists to help fund public goods.

  • A reasonable expectation of profit derived solely from the efforts of others? No, all profits from USDGLO go to funding public goods, not to the holders of the token.

Higher (HIGHER) Token

HIGHER was distributed to early members of the community and is used as a way to reward contribution to the decentralized Higher brand.

The HIGHER Token is NOT a security:

  • Investment of money? Yes, HIGHER tokens are available for purchase on a DEX.

  • A reasonable expectation of profit derived from the efforts of others? No, HIGHER token is given for contribution and not for profit.

Noggles (NOGS) Token

The Noggles Token is NOT a security:

  • Investment of money? Yes, NOGS tokens are available for purchase on a DEX.

  • In a common enterprise? No, the Nouns ecosystem is sufficiently decentralized to the point where a common enterprise does not exist.

OMF Points

Contract Address: none

OMF are off-chain points which BCard team distributes to document contribution to Open Medicine Foundation.

OMF is NOT a security:

  1. Investment of money? Yes, contributors contribute interchange fees in exchange for these points.

  2. In a common enterprise? Yes, contributors are all working to pursue OMF's mission.

  3. A reasonable expectation of profit derived solely from the efforts of others? No, OMF have no claim on revenue or profit. They cannot be traded or sold.

PoolTogether (POOL) Token

POOL token is NOT a security:

  • Investment of money? Yes, POOL token is available for purchase on a DEX.

  • In a common enterprise? Yes, contributors work together to pursue the mission.

  • A reasonable expectation of profit derived from the efforts of others? No, POOL token is meant for governance and not for profit.

PURP points

Contract Address: none

PURP are off-chain points which BCard team distributes to document contribution to Purple.

PURP is NOT a security:

  1. Investment of money? Yes, contributors contribute interchange fees in exchange for these points.

  2. In a common enterprise? Yes, contributors are all working to pursue Purple's mission.

  3. A reasonable expectation of profit derived solely from the efforts of others? No, PURP have no claim on revenue or profit. They cannot be traded or sold.

Wrapped Origin ETH (WOETH)

WOETH token is NOT a security.

  • Investment of money? Yes, WOETH is available for purchase on DEX.

  • A reasonable expectation of profit derived solely from the efforts of others? No, WOETH has a reasonable expectation of profit, but this comes from the underlying asset (ETH) and not from Origin Protocol.

Contract Address:

The USDGLO token is distributed by the to help fund public goods via stablecoin profits.

Contract Address:

In a common enterprise? No, the Higher ecosystem is sufficiently decentralized to the point where a common enterprise does not exist. As their says "There is no team. You can make anything. Aim Higher."

Contract Address:

The NOGS token is distributed by to incentivize "nounish behaviour".

A reasonable expectation of profit derived from the efforts of others? No, and have no economic value.

Contract Address:

The POOL token is distributed by to "control the PoolTogether protocol".

Contract Address:

WOETH token is distributed by and "designed to offer enhanced security, higher yield, and a tighter peg to ETH". Origin Protocol has a legal opinion from a leading US law firm that states that OETH is unlikely to be considered a security under US law.

In a common enterprise? No, ETH (and therefore WOETH) is not a security because it is sufficiently decentralized.

⚖️
0x2d94aa3e47d9d5024503ca8491fce9a2fb4da198
0x4f604735c1cf31399c6e711d5962b2b3e0225ad3
Glo Public Benefit Corporation
0x0578d8A44db98B23BF096A382e016e29a5Ce0ffe
website
0x13741c5df9ab03e7aa9fb3bf1f714551dd5a5f8a
NNS Labs
NOGS tokens are not an investment
0x0cEC1A9154Ff802e7934Fc916Ed7Ca50bDE6844e
PoolTogether
0xd8724322f44e5c58d7a815f542036fb17dbbf839
Origin Protocol
according to the SEC