FYTS Term Sheet

Key terms and regulatory disclosures for qualified/professional investors participating in the FYTS private placement.

1) Token Identity

Token NameFYTS — Flour Yield Security Token
Instrument TypeSecurity token (financial instrument under MiFID II)
IssuerInsela UAB (LT) / designated issuer entity — final details in Offering Docs
JurisdictionEU (MiFID II / Prospectus Regulation exemptions)
BlockchainEVM chain; whitelisted, transfer‑restricted smart contract
Ticker/SymbolFYTS (to be confirmed)

2) Offering Mechanics

  • Offer Type: Private placement to qualified/professional investors only
  • Subscription: Via Investor Gate, allocation agreement, and (if required) KYC/AML
  • Consideration: EUR (wire) or approved on‑chain settlement methods (if disclosed)
  • Pricing: As set out in the Offering Documents
  • Minimum/Maximum: As specified in the Term Sheet / allocation notice
  • Delivery: On‑chain FYTS to investor wallet; separate FYT utility bonus (discretionary)

3) Rights & Returns

  • Rights: Performance‑based entitlement as defined in the Offering Documents.
  • Ranking: As defined in the Offering Documents; no public market listing implied.
  • Distributions: If any, per disclosed schedule and method; subject to applicable law.
  • FYT Utility Bonus: Discretionary, provided separately; not part of FYTS financial return.

4) Regulatory Framework

  • MiFID II: FYTS structured as a financial instrument; offer restricted to eligible investors.
  • Prospectus Reg.: Reliance on exemptions and/or Offering Memorandum (no public offer).
  • MiCA Context: FYT utility token is MiCA‑aligned; FYTS is separate and governed as a security.
  • Jurisdictional Limits: Geographic and investor‑type restrictions apply; see Offering Documents.

5) Eligibility & Transfer

  • Eligible Investors: Qualified/professional investors as defined under applicable law.
  • Transferability: Whitelisted addresses; secondary transfers restricted per smart contract and Offering Documents.
  • Lock‑ups: If any, disclosed in allocation notice / Offering Memorandum.

6) Key Risks

  • Regulatory change and enforcement risk
  • Liquidity and transferability constraints
  • Smart contract and operational risk
  • Counterparty and custody risk
  • Market and performance risk
  • Tax and reporting uncertainties
  • Technology and chain‑dependence risk
  • Jurisdictional/legal limitations

7) Documents & Downloads

Term Sheet (PDF)

Summary of core terms.

Offering Memorandum

Detailed legal disclosures.

FYTS Discussion Paper

Rationale, mechanics, and roadmap.

8) FAQ

No. FYT is a utility token bonus provided separately and is not part of any FYTS financial return.
Only qualified/professional investors who pass the Investor Gate and meet eligibility criteria.
Transfers are restricted via whitelisting and Offering Document terms; secondary liquidity is not guaranteed.
Term Sheet, Offering Memorandum, allocation notice, and applicable subscription agreements.

FYTS Regulatory FAQ – Secondary Market & Listing

FYTS is a security token—legally a financial instrument under MiFID II—representing a structured revenue-sharing right. Publicly listing FYTS on an unregulated venue would violate securities regulations.
In the EU, a venue must be authorized as a Regulated Market (RM), Multilateral Trading Facility (MTF), or a DLT market under the DLT Pilot Regime—i.e., licensed under MiFID II and supervised by a national authority. Hyperliquid, Uniswap, and similar DeFi venues are not licensed for listing securities.
The FYTS smart contract uses whitelisted transfer restrictions so only verified wallets can hold/transfer FYTS. Any attempted listing on an unauthorized venue would be considered unlawful and could expose operators and participants to legal risk.
FYTS is distributed via private placement to qualified/professional investors under prospectus exemptions. Transfers are permitted only between approved wallets that pass KYC/eligibility checks, managed through our investor dashboard.
Only if a regulated security-token venue (e.g., a DLT MTF) becomes available to us and all listing conditions and approvals are met. Until then, FYTS remains a non-public, permissioned security token by design.
FYTS is a security. Public listing = regulatory breach. We comply by keeping it private, permissioned, and transparent.