[joey_spaztard]

I am not a lawyer.

I would be a little worried about the possibility that the SEC would consider this to be an investment contract, thus making it a security, thus requiring it to be registered with the SEC, which will be a huge hassle involving very expensive lawyers.

I point to the case of LBRY inc, which issued tokens including rewarding people who made video content, spent a fortune fighting the SEC in court and went bankrupt.

There is the issue that the company would be forbidden to issue equity to some people such as people in sanctioned countries.