Can I buy it and can I own it?
Those are different questions. A venue may display a product even when the underlying ownership, redemption or transfer rule places conditions on you.
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Clear answers to the questions that usually appear after a price screen has already made an asset look available.
Those are different questions. A venue may display a product even when the underlying ownership, redemption or transfer rule places conditions on you.
Tokens and wrappers with the same ticker can represent different legal claims, issuers and redemption rights.
The asset is not simply open or closed. A licence, cap, approval, account type or identity check may apply.