Howey Test Analyzer Tool

Use this interactive tool to evaluate whether your token may be classified as a security under the Howey Test. Answer each question honestly for an accurate assessment.

1. Investment of Money

Are purchasers providing money, crypto, or other valuable consideration to acquire your token?

Yes
No

2. Common Enterprise

Are purchaser funds pooled together? Is there horizontal commonality among investors?

Yes
No

3. Expectation of Profits

Do purchasers expect to profit from holding or trading the token?

Yes
Unclear
No

4. Efforts of Others

Do profits depend primarily on the efforts of your team or a third party (vs. market forces or holder actions)?

Yes
Partially
No

5. Token Utility at Launch

Does the token have functional utility at the time of sale (not future promised utility)?

Yes, Fully Functional
Partial Utility
No Current Utility

6. Marketing Emphasis

Is the token marketed primarily as an investment opportunity or profit-making vehicle?

Investment Focus
Mixed Messaging
Utility Focus


Disclaimer: This tool provides general educational information only and does not constitute legal advice. The Howey Test analysis depends on specific facts and circumstances. Consult qualified securities counsel for advice on your particular situation.