- The proposed RZM tokens aren’t joint-stock or shareholdings in RAZOOM Pte Ltd (“RAZOOM”, “RAZOOM Pte Ltd”, “Company”, “our”, “we”), these tokens can’t be considered as "shares".
- The proposed RZM tokens aren’t used to create or recognize a debt or liability owed to the issuer, they can’t be considered as "debt obligations". For example, the issuer can’t redeem the holders of the tokens the principal amount of their investments on a fixed date or after repayment. Similarly, the issuer does not pay to the holders of the tokens interest.
- Revenues from the sale of RZM tokens are not jointly controlled by the emission scheme operator. RZM tokens aren’t invested in projects to give the owners of tokens the opportunity to participate in the share of the profit provided by the project, the digital tokens RZM can’t be considered as an interest in the "collective investment scheme" (CIS))
- Thus, RZM tokens aren’t considered to be "securities".