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RE: HUSH - Update Week 36

in #hush7 years ago (edited)

To address common questions: The XHCP will be "gas" bought via HUSH and the HUSH will go towards developing HUSH and XHCP. Counteryparty coin XCP is not involved. Just the counterypatry opensource code is being used. Likewise for EVM. The XHCP will drive Ethereum-style smart contracts and other advanced features that are not available with HUSH alone. As the XHCP is a "gas" for spending, buyers may not expect it to increase in value which may enable it to fail the "Howey test" which says in part that there must be an expectation of profit in order to be considered an investment. For this and other reasons it is not like an ICO. It appears to me to be a kind of "virtuous cycle" to motivate devs to advance HUSH and XCP together rather than immediately cashing out for profits as is done in ICOs.