GVTY Utility Token Memorandum

The GVTY Token is issued by:

GEViTY DAO Foundation (in formation)
A Swiss foundation under establishment.

During the establishment phase, Virtue Solutions acts as the operational and administrative service provider on behalf of the foundation.

Upon formal registration, all rights and obligations relating to the GVTY Token automatically transfer to the registered foundation.

The GVTY Token is governed by Swiss law.

Token-related activities are designed in accordance with the guidance and supervisory practice of FINMA.

Switzerland does not require formal registration or approval of utility tokens.
Compliance is achieved through correct functional classification, usage-based design, and transparent disclosure.

The GVTY Token is classified as a Utility Token under Swiss regulatory practice.

The GVTY Token:

• grants access to defined services within the GEViTY ecosystem

• functions as a prepaid digital service credit

• is designed for usage and participation

The GVTY Token does not represent:

• equity or ownership

• debt or claims

• profit participation

• dividends

• revenue or treasury share

The token is not issued or marketed as an investment instrument.

The GVTY Token is not:

• a security or asset token

• a payment token

• electronic money

• a collective investment scheme

Structural safeguards:

• no promise or expectation of profit

• no yield, buy-back, or appreciation mechanisms

• no linkage to treasury revenues

• no speculative or investment-focused marketing

The token’s value derives exclusively from consumable utility.

GVTY Tokens may be used to access defined services within the GEViTY ecosystem, including but not limited to:

• programs and educational content

• events, retreats, and experiences

• digital platform features

• ecosystem tools and services

Each service specifies the number of GVTY Tokens required for access.

Token supply is defined and limited in accordance with service capacity and ecosystem design

• Pricing is fixed and transparent

• No dynamic pricing or speculative mechanisms are applied

• Tokens are sold as service access, not as financial assets

The GVTY Token is not intended for free-market trading.

• During the MVP phase, resale may be restricted or disabled

• Internal, non-monetary transfers may be permitted

• Any resale involving fiat or cryptocurrency triggers AML/KYC obligations

This structure prevents reclassification as a payment or asset token.

General Principle

KYC/AML procedures apply only at the point of financial relevance, in line with Swiss AML standards.

No KYC required for:

• purchasing the GVTY Token

• holding the token

• using the token for services

• internal, non-monetary transfers

KYC required for:

• resale involving fiat or cryptocurrency

• conversion into monetary value

• monetization events

• data-related compensation (if applicable)

KYC is conducted via a FINMA-compatible third-party provider using a tiered, risk-based approach.

GEViTY ensures:

• clear Terms of Use

• transparent service descriptions

• explicit non-investment disclaimers

• capped participation during MVP phase

• defined usage limitations

Users acquire GVTY Tokens as prepaid digital service rights, not as financial instruments.

Where personal or health-related data is involved:

• explicit user consent is required

• data ownership remains with the user

• processing follows Swiss FADP and GDPR (where applicable)

• data monetization requires enhanced consent and KYC

Any governance-related participation:

• is non-financial

• does not grant ownership or profit rights

• does not create partnership or shareholder relationships

Participation is advisory or utility-based only.

The GVTY Token is a utility token under Swiss law, granting access to defined services within the GEViTY ecosystem.
It does not constitute a security, payment instrument, or investment product.
KYC/AML procedures apply exclusively at points of financial relevance, in accordance with Swiss regulatory standards.