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by al2o3cr 3173 days ago
For a lot of these, the only use of the token at launch is speculation - you're buying tokens that might be useful with the system the ICO is building, if they don't go broke or pivot first.

IIRC there was some discussion about "tokens that do something" versus "tokens that may do something eventually" potentially being different with regards to SEC regulation, but I'm spacing on the details.