An example would be the Kin token (if Kik Messenger were a non profit) . The only thing you can do with a Kin token is buy stickers and emoji and stuff like that on the Kik platform. There is no transfer of real value; no way to facilitate money laundering or tax avoidance.
this is what crowdfunded game developers do; they offer enhanced functionality or pay for play game perks for early adopters.
but, people will not be interested in these as much (ICOs) if they have no profit motive
That's exactly how I feel. The #SEC report (see here) goes even beyond that and says that if you reasonably expect a value from your token aka cooin (not restricted on dividends of other periodical payments) it's perhaps a security. I'd suggest that more than 90% of all ICOs happening these days would then issue equity in this broad #SEC definition. It seems to be completely clear to me that SEC is going the road to regulate all cryptographic tokens if they may be of value in the "real world", i.e. in a *non-kik scenario".this is what crowdfunded game developers do; they offer enhanced functionality or pay for play game perks for early adopters.
but, people will not be interested in these as much (ICOs) if they have no profit motive
What would that mean to the ICOs?
