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Re:HoweyCoins – An educational tool to alert investors to po... by wdewind on Saturday May 19, 2018 @02:59PM (#17109202)
Late reply and IANAL but I don't believe you can actually do a token model where the people buying tokens early on pay less for them than they will be priced at later. Pretty sure that doesn't pass the Howey Test[1] because there is an expectation of profit. And if there isn't an expectation of profit there is little to no incentive to have a token, kickstarter would work.

1. https://consumer.findlaw.com/securities-law/what-is-the-howe...

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