ICO tokens are digital commodities/assets that are more similar to app credits or in-app mobile purchases than securities.
Unlike with Ethereum apps/dapps, you can't trade traditional app credits/in-app purchases on an exchange but imagine if there were farmville ERC-20 tokens a few years backs, people will buy thousands off speculation alone, it'll be interesting to see how the SEC will regulate this
ICO tokens are digital commodities/assets that are more similar to app credits or in-app mobile purchases than securities.
Unlike with Ethereum apps/dapps, you can't trade traditional app credits/in-app purchases on an exchange but imagine if there were farmville ERC-20 tokens a few years backs, people will buy thousands off speculation alone, it'll be interesting to see how the SEC will regulate this