(2) The Canton Network has no “central party”. > https://www.sec.gov/rules-regulations/no-action-interpretive-exemptive-letters/division-corporation-finance-no-action/canton-coin-110326 Reply to @CantonNetwork: 1) Canton Coin is intrinsically linked to and derives its value from the programmatic operation of the Canton Network, as well as supply and demand dynamics, rather than from the expectation of profits from the essential managerial efforts of others.