Compliance Notice
Notice of Compliance and Regulatory Positioning
Sharebucks LLC ("Sharebucks," "we," or "us") is committed to operating in full compliance with all applicable laws and regulations. This notice outlines our position regarding the regulatory treatment of the $SHAREBUCKS memecoin (the "Token") and our approach to securities law compliance.
1. Nature of the Token
The Token is a digital collectible distributed as a symbol of participation in, and support for, the ideals of community service, mutual aid, and social good embodied by the Sharebucks platform. The Token:
- Is not offered or sold as an investment;
- Does not represent equity, ownership, or any financial interest in Sharebucks LLC or any affiliated entity;
- Does not confer voting rights, profit-sharing rights, dividend entitlements, or any other economic rights against Sharebucks;
- Is not marketed, promoted, or distributed with any promise or expectation of profit, appreciation, or financial return;
- Functions as a cultural symbol and community marker, similar to collectible memorabilia or fan merchandise.
2. Distribution Model
The Token is distributed as an unconditional gift to community members, with no purchase required and no obligation to perform any activity to receive it. Recipients are under no obligation to hold, use, or retain the Token. The distribution is not conditioned on any investment of money, services, or other consideration that would constitute an "investment contract" under applicable securities laws.
3. No Expectation of Profit
Sharebucks does not promote the Token as a means to generate profit or financial return. Any market activity involving the Token occurs independently on third-party platforms over which Sharebucks has no control. Sharebucks:
- Does not guarantee or imply any future value appreciation;
- Does not engage in market-making, buybacks, or price support;
- Does not promote trading, speculation, or secondary market activity;
- Does not use language suggesting investment potential (e.g., "moon," "pump," "early adopter advantage," "FOMO").
4. Separation from Platform Operations
The Token is distinct from the Sharebucks mobile application and its reward points system. The Sharebucks app functions independently and does not require ownership or use of the Token. Users may fully participate in the Sharebucks platform without ever interacting with the Token.
5. Regulatory Compliance Posture
Sharebucks is committed to cooperating with regulatory authorities and adapting its practices as legal guidance evolves. We believe the Token, as structured and distributed, does not constitute a "security" under the Securities Act of 1933 or applicable state securities laws because:
- There is no investment of money in a common enterprise;
- There is no reasonable expectation of profit derived from the efforts of others;
- The Token is distributed as a gift, not sold.
However, we acknowledge that regulatory interpretations may vary, and we remain committed to good-faith compliance with any applicable requirements.
6. Disclaimer
This notice does not constitute legal advice and is provided for informational purposes only. Nothing herein should be construed as an offer to sell or a solicitation of an offer to buy any securities. Recipients of the Token should consult their own legal and financial advisors regarding their specific circumstances.
7. Contact
For questions regarding this notice or our compliance practices, please contact:
Sharebucks LLC
Legal Department
legal@sharebucks.io
Effective Date: January 2025
This notice may be updated from time to time. Please check back periodically for any changes.