A start-up issues digital tokens to raise capital. Investors receive no voting rights, but the company will use the capital to launch a platform. Profits, if any, will be distributed to token holders based on company revenues. Under the Uniform Securities Act, these tokens are MOST LIKELY:

1. ANot securities, because they do not confer voting rights.
2. BSecurities, because they represent an investment contract.✓ Correct answer
3. CNot securities, unless they are traded on a secondary market.
4. DNot securities, because digital assets are not explicitly defined in the USA.

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