Perhaps because it's yet another pre-mined altcoin? Even if your idea happens to be good, the idea of an ICO has been given such a bad name that you need to wash your hands of anything associated with that funding model. But something tells me you won't.
I used to think there was always a chance that "this time would be different" with promising ICO companies that I supported (not even with my money but with my volunteering as a developer), only to get burned again and again. My experiences are not atypical.
However, I've been burned even more badly by mainstream social networking, so I want to believe that your idea will work. Tough dilemma.
Our ETH token was designed to fulfill every requirement of SEC's recent no-action letter to TurnKey Jet, Inc. in order to not be considered a security (https://www.sec.gov/divisions/corpfin/cf-noaction/2019/turnk...)
In the last few years I have been downvoted without even mentioning the Qbix token - something we only documented last month. Just by giving away open source software. The post above already has -2.
I have been building it, writing about it and giving it away:
https://qbix.com/blog
https://github.com/Qbix/Platform
https://qbix.com/token
Every time I post this on HN, it gets heavily downvoted. But I don’t ever hear why. I can think of no better way than to show, link to the code, give it away. I spent over half a million dollars of my company’s revenues on this. Take that for what it’s worth. I intend to make this work.
If this inspires you, feel free to email me (qbix.com/about)