again, just because there's speculators on a secondary market buying and selling doesn't mean it's a security. a commodity future option is by default NOT the c

again, just because there's speculators on a secondary market buying and selling doesn't mean it's a security. a commodity future option is by default NOT the commodity. In the case of a token – you own the commodity and you have the right to use or sell to someone else – like a carton of milk. The only difference here it took no cost to create the commodity which is why there exists a market to resell at unbelievable margins.