Why can't NGM tokens be transferred freely?

Why can't NGM tokens be transferred freely?

The company has been advised to structure the NGM token so it is non-transferable. As such it can only be used in a transfer or traded on the DEX, if e-Money A/S is on either side of the transaction.

The company will provide liquidity for NGM on the DEX (the Community Sale). This will also enable NGM holders to satisfy any buy-side demand.

The company expects to periodically revisit the question of transferability of the NGM token, the first time in March 2021. The company will then reassess the risks and exposures associated with a possible transferability of the NGM token, with the aim of eventually making it freely transferable.

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