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by stale2002 3117 days ago
The difference is that books already exist.

It is not about whether a token can rise or fall in value. It is about whether the token represents something that can be bought right NOW, or if it represents a future promise of some sort for something that doesn't exist yet. IE, funding book publishing in this example.

1 comments

> It is not about whether a token can rise or fall in value.

Yes, it is. According to the Howey Test.