Our business model is reflected in the formula ClearCost = Cost price + membership fee. Cost price is the price of a wholesaler + a minimum charge to cover our expenses (not more than 4.85%, where more than half of the payment is a card-acquiring fee). We have no marketing and advertisement expenses (that can be up to 15% of the turnover cost), because our buyers are members of the club.
The volume of the market amounted to $1.3 trillion dollars in 2017. Remarkably, the common share of the two largest players accounts for only 17% of the market, so it leaves significant room for the growth and development of other companies, such as ClearCost.
For each of the service companies, the Operator of the Distributed Registry creates a wallet. Buyers transfer CCWT tokens to these wallets using the ERC20 protocol. Service companies track the receipt of tokens in their own systems to increase the buyer's rights to receive goods or services at cost price.
For example, the First Service Company extends the subscription period on Clearcost.club.
Optionally, the Operator may use the API and inform the Service Company about the tokens’ transfer.
Howey test has three independent parameters. A token is considered a security if it meets all three criteria:
a. Present fact of investment
b. Investing in a common enterprise
c. The profit is expected to come mainly as a result of the activities of other persons.
b. No. Investors do not co-own neither a token operator nor a service company
c. Expected income is not profit, and savings through the use of services
Therefore, CCWT is not a security token.
"By default" CCWT tokens do not become property of the Service Company, so this procedure does not require national licenses and permits for operations with crypto-currencies.