Howey Test Compliance


What is a "Howey Test" ICO Compliance?

The "Howey Test" is a test created by the Supreme Court for determining whether certain transactions qualify as "investment contracts." If so, then under the Securities Act of 1933 and the Securities Exchange Act of 1934, those transactions are considered securities and therefore subject to certain disclosure and registration requirements.

Below are the basic criterias of the Howey Test

Virtue’s model (Howey Test Compliant)

Virtue will only undertake ICO exercise that fits the features as shown below: