> The ultimate objective is to continue the decentralised crowdfunding opportunities that are similar to ICOs, only this time, with improved functionality and w

> The ultimate objective is to continue the decentralised crowdfunding opportunities that are similar to ICOs, only this time, with improved functionality and without restrictions imposed by regulatory bodies. Emphasis mine. Why do these people think regulatory bodies exist? Further, could someone ELI5 how this works. I issue ILP, what is my liability? Do I pay 20% of my profit in USD? If yes, why the blockchain? Do I pay 20% of my profits in cryptocurrency? If yes, what cryptocurrency I use and who defines the exchange rate, and why I would want to pay the profits in cryptocurrency?