And I think ex mentioned this in his taking q's thread but we're also realizing tokens only make sense if they actually are securities. Utility tokens have such niche use cases, though I think some will still be successful where international industries with a siloed economy make sense (i.e. If a platform has users from all sorts of countries, it may be far more efficient to use a single token rather than dozens of different currencies, + where transactions are generally small but frequent like IoT)

(http://www.autoadmit.com/thread.php?thread_id=3920398&forum_id=7#35622566)