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MiCA White Paper

Latest Submission (v2)

This modified white paper provides further updates on the utility of the $SHAPE token and clarifies its classification as an "Other Crypto-Asset" under the Markets in Crypto-Assets Regulation (MiCA). This is based on a stricter interpretation of the term "utility token" as defined in Article 3(9) of MiCA. Relevant changes have since been made throughout the white paper, including information on the sustainability indicators in relation to adverse impact on the climate and other environment-related impacts, which have been updated and aligned with Commission Delegated Regulation (EU) 2025/422.

View White Paper v2 (PDF)

Initial Submission (v1)

FOR REFERENCE ONLY

Initial draft submission of the white paper for $SHAPE under the Markets in Crypto-Assets Regulation (MiCA). This version is no longer valid, please see latest version above.

View White Paper v1 (PDF)
MiCA White Papers | Shape