"The YPB Token (YPT) is designed to foster greater collaboration between brands and customers in addressing counterfeit and will be integrated into the YPB Connect serialisation and customer communication software platform. A token is a programmable digital asset, essentially, a set of bespoke programmed features that sit on top of a blockchain platform. Blockchain will become part of the architecture of YPB Connect, strengthening Connect’s digital anti-counterfeit protection via the immutability of blockchain’s distributed ledger.In the Token Issue, it is YPTs that will be offered in exchange for digital currency that can be converted to cash (fiat) and used to fund the development of the end to end blockchain project including Motif Micro. YPB’s token is intended to be developed on Ethereum and/or other similar blockchain platforms that meet the technical requirements of the token design."
"YPB has resolved to offer the YPTs via an intermediary authorisation with an Australian Financial Services Licensee as required to be compliant with Australian laws and regulations. This includes limiting the offer to wholesale investors, both domestically and internationally as required."
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