Currency with utility functions. Not a security, equity is valueless as the group is structured as a nonprofit, 100% of the economics are wrapped up in the TON$, All incentives aligned.
The tokens do not represent equity, shares, units, royalties or rights to capital, profit or income in the platform or software or in the entity that issues tokens or any other company or intellectual property associated with the platform or any other public or private enterprise, corporation, foundation or other entity in any jurisdiction. The tokens are not therefore intended to represent a security or similar legal interest.
TON$ are used as a settlement currency, the platform will pay out monthly returns in TON$. To do that platform will need to repurchase TON$ from the open market causing the price of the TON$ to go up (fewer TON$ on the market). The more AUM platform has over time the more TON$ it has to payout every month and the more TON$ have to be repurchased from the market. Both sale agents and also fund managers in order to participate in the platform will need to hold a deposit in TON$ (which they would be required to purchase from the market). Also, pensioners will be incentivized not to convert paid out TON$ immediately to USD, to but keep it as TON$ on their wallet and the conversation would be automatic only when they want to pay for something or withdraw USD from the ATM.