2.1 Accessibility-Based Utility Model

PVT (Punkvism Token) is not merely a speculative asset or decision-making tool but functions as an "Access Management Token" that governs accessibility to various resources and opportunities within the Punkvism ecosystem. This approach is designed to provide token holders with specific utility and value while addressing the regulatory challenges blockchain projects may face.

Regulatory Considerations for Accessibility-Based Tokens When designing a blockchain project, regulatory aspects—particularly the risk of a token being classified as a security—are critical considerations. PVT is positioned as a utility token that avoids securities-related issues based on the following legal grounds:

1. Howey Test Analysis

• Capital Allocation: PVT is a token that provides access rights and utility within the ecosystem, with its primary purchase motivation being usage rights rather than a monetary contract.

• Common Enterprise: PVT holders do not directly receive equity or earnings distributions from a specific business.

• Expectation of Surplus from Others’ Efforts: PVT’s value is based on its utility and the increased usability from ecosystem growth, not direct revenue distribution.

1. Compliance with Major Regulatory Frameworks

• SEC (USA): Based on the distinction between utility tokens and security tokens, PVT emphasizes clear use cases and consumptive purposes as a utility token.

• MiCA (Europe): Under the EU’s Markets in Crypto-Assets (MiCA) regulation, PVT does not fall under the definitions of Asset-Referenced Tokens (ARTs) or e-money tokens, classifying it as a non-financial utility token.

• Key Asian Countries: PVT aligns with frameworks including Singapore’s Payment Services Act (PSA) and Korea’s Act on Reporting and Using Specified Financial Transaction Information, serving as a utility token based on access rights.

PVT’s accessibility management model provides clear value to token holders by offering service access rights rather than direct financial distribution, mitigating securities-related issues.

Practical Utility Examples PVT tokens deliver the following concrete and practical utilities:

1. Ecosystem Governance Participation

• Voting on key project directions (e.g., selecting the next RWA project, determining fund allocation ratios).

• Proposing and approving cross-domain collaboration projects.

1. RWA Exchange Benefits

• Transaction fee discounts of 10-35% (tiered based on staking).

• Priority participation rights in new RWA token launchpads.

• Access to advanced trading tools and market data.

1. Priority Access to RWA Projects

• Opportunities for early participation in real estate development projects.

• Priority minting rights for limited-edition NFTs tied to entertainment IP.

• Participation in game beta tests and acquisition of exclusive in-game items.

1. Staking Rewards

• Additional token rewards through PVT staking (locking tokens for a set period).

• Bonus rewards for guild-based collective staking.

• Incentives for long-term staking to contribute to ecosystem stability.

Tiered Access Rights Structure Access to various ecosystem resources and opportunities is granted differentially based on PVT staking levels:

Note: Exact staking requirements will be finalized at the launch token, considering market conditions.

This tiered system is designed so that the more PVT a user stakes, the higher their level of ecosystem access and advantages, encouraging long-term participation and enhancing token value stability.

Domain-Specific Accessibility PVT provides specialized utilities accessible within each industrial domain:

• Real Estate Domain

  • Priority securing rights for prime real estate RWA tokens.

  • Participation in determining real estate project development directions.

  • Special access to key projects such as Lotus Fund and Bantanova.

• Entertainment IP Domain

  • Priority minting opportunities for IP-based limited-edition NFTs.

  • Participation in decision-making for DoubleN Protocol film production.

  • Priority participation rights in events tied to IPs such as Eternal Moon and Chichipingping.

• Gaming Domain

  • Access to exclusive in-game items and features.

  • Participation in game development directions and update decisions.

  • Priority participation in beta tests for games such as SoccerGo!.

Thus, PVT tokens offer users not direct earnings distribution but clear practical value through "access rights" and "participation opportunities" within the ecosystem. This utility-focused design is a core mechanism to enhance user experience and promote active engagement and sustain ecosystem development.