Kodak has not yet decided on the status of its token, whether it will be an analog of securities or a utility instrument. The long-awaited Eastman Kodak Co roadmap has finally been made public, but its content is a little confusing.
WENN Digital, the company that conducts the original Kodak offer, sent emails to potential investors on Thursday with a reference to a White Paper containing details of the ICO campaign of KodakCoin. The document says that the digital token is not likely to be a security, but it is possible in principle.
Kodak expects to sell 100 million KodakCoin under SAFT agreements to accredited investors. The company first announced the ICO on January 9, saying it would use blockchain technology to help photographers protect the rights to their work.
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