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This legal opinion document below, issued by Legal Bison on June 12, 2025, assesses ECOYIELD's "$EYE Token" under British Virgin Islands (BVI) regulations to determine if it's a security and if the company needs regulatory authorization.

Key Findings for Investors:

• Token Classification: The $EYE Token is classified as a Virtual Asset (VA) under BVI laws. However, it is most likely a utility token, not a security, and does not fall under categories that would require it to be registered for public offering. This is based on its primary purpose to provide access to platform functionalities and user participation features, rather than conferring economic or patrimonial rights like a security.
• Decentralization: The Token is built on the Ethereum Network, using a Proof-of-Stake (PoS) consensus mechanism and a Decentralized Autonomous Organization (DAO) governance model. This highly decentralized and permissionless design reduces the likelihood of it being classified as a security.
• No VASP License Required: Based on the current assessment, ECOYIELD is not currently required to obtain a Virtual Asset Service Provider (VASP) license in the BVI. The company's activities primarily involve the creation of a virtual asset platform, rather than the transfer of VAs on behalf of others or custodial services typically associated with VASP activities.
• No AML/CTF Obligations: The Company is not recognized as an entity to which Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations apply, and is theoretically not obligated to implement strict AML/CTF policies.
• Key Distinctions from Securities: The Token's yield distribution is tied to platform participation (staking for solar project revenue) rather than passive profit entitlement or company ownership. Its utility is limited to internal platform use, and decision-making is community-led, not akin to shareholder powers. Rewards incentivize active contributions, not guaranteed economic returns. The Token does not represent shares, ownership, or interests in a partnership or mutual fund, nor is it a debt instrument, future, or contract for differences. </aside>

https://drive.google.com/file/d/18xbRlN0pK-CyYsZVmLETDTI9Zx6857Xh/view?usp=drive_link