Smart City Coin Test Net is utility token that can be used in our shop. SCCTN is an ERC20 token published on Ether.
The utility tokens are services or units of services that can be purchased. These tokens can be compared to API keys, used to access the service.
Token Legal Status
SCCTN tokens represent prepayment for SmartCityShop and it is also a proof of membership in Smart City Club.
One token represents one euro cent that can be used in SmartCityShop.
It does not grant ownership rights to Smart City AG, Smart City proprietary software, algorithms, and other intellectual property. SCCTN tokens do not give a supporter any kind of share or equity.
For detailed info on SCCTN please visit this link.