# Regulatory Hurdles Cleared

Cryptocurrency tax regulation is still in its infancy in many countries. We believe that by introducing **$MYO as a utility token**, we can help all DAO members and holders minimize any tax burdens, and minimize interest from speculators and traders who are only concerned with the economic nature of $MYO.

We believe the following use cases for $MYO help build a very strong case towards $MYO being classified as a utility token:

* Enables members to gain access to DAO systems + marketing strategy playbooks
* Enables members to gain access to Web 3 projects and bounties 
* Enables members to gain access to private gatherings and dinners during web3 conferences throughout the world
* Enables members to receive crypto payment in exchange for work performed 
* Enables members to vote for DAO proposals & grants 
* Enables DAO members and outside parties to use $MYO to access Myosin’s user acquisition, user engagement, and user retention products.

We also are keeping $MYO as a utility token on Sepolia testnet until we are prepared for a public Token Generating Event, whereupon we will then re-incorporate Myosin's current C Corp off-shore, likely to the British Virgin Islands.