And then why most of regulators are putting utility at the top of everything? that doesn't make sense. Security means our shares in the company that means we have acquisition based on how much shares that owned by us and utility much more focused on the usefulness.
there should first be a company that you invest in not a bunch of kinds creating a virtual imaginary place and call that a "company". and a company needs to also produce something, either some kind of product or some actual service. and so far the concept of company has been some dude raising money to release a smart contract which he copied from somewhere else. before it used to be called ICO and now it is called STO.