> For the complete documentation index, see [llms.txt](https://docs.earnpark.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.earnpark.com/token-whitepaper/legal/token-legal-structure.md).

# Token Legal Structure

PARK is intended to function as a utility token, providing access to features of the EarnPark platform rather than representing equity, debt, or a claim on the revenues or assets of any EarnPark entity. \
The token is minted by EarnPark Platform LLP (UK) and distributed through Earnpark Limited (BVI), which acts as the contracting party for the token sale.\
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The PARK token sale is not available to U.S. persons.\
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EarnPark is not established in the EU and is not subject to the Markets in Crypto-Assets Regulation (MiCA), but aims to align with the standards MiCA is expected to set. Its approach is also informed by the UK Financial Conduct Authority's October 2023 [report on the future regulatory regime for cryptoassets](https://assets.publishing.service.gov.uk/media/653bd1a180884d0013f71cca/Future_financial_services_regulatory_regime_for_cryptoassets_RESPONSE.pdf).\
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Please note that EarnPark Platform LLP has made a notice filing with the U.S. Securities and Exchange Commission (SEC) on Form D under Regulation D, in connection with raising equity capital from its limited partners. \
This filing does not relate to the PARK token, the token sale, or any token holder. The PARK token is not the subject of this or any other SEC filing. \
For further information, please visit [Regulatory Information](https://docs.earnpark.com/token-whitepaper/legal/regulatory-information) section.\ <br>