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Some ICOs effectively did exactly that. Then the SEC started rumbling about how that made them securities and obligationed them to the same restrictions as sec
by corysama 9y ago
Some ICOs effectively did exactly that. Then the SEC started rumbling about how that made them securities and obligationed them to the same restrictions as securities. So, now lots of tokens try to skirt the law by making the dividend more indirect. Ex: you don't just sit back and collect, you must contribute to the system to be rewarded. Of course, the size of the reward scales with the success of the system naturally.