No. CVL is a consumer token, not a security token. It is exclusively intended for consumers and users who understand that CVL tokens are intended to drive the platform's governance model, and who intend to use them for that purpose. It is not meant for investors or speculators.
The design of the CVL token sale process makes clear that the CVL token is not intended to be an investment and that every participant in the CVL first-edition token sale will pay the same price.
CVL tokens will only be sold to registered purchasers that intend to use them to run Newsrooms and contribute to the long-term development of the Civil protocol. The CVL token sale has been designed as part of the Brooklyn Project Framework and intends to implement certain relevant provisions from the Token Foundry Standardsfor consumer tokens. The specific details of the CVL token sale will be contained in the terms of sale available to registered purchasers prior to purchase.