disclaimer: don't have a bag here, don't agree with the way launchcoin has handled things, probably don't even think it's the right form for ICM BUT the replies to this thread do show something that isn't nearly well talked about outside of certain folks (doing God's work): the lack of legal awareness yes we have been hit with a wave of deregulation, BUT that doesn't mean you can just do everything and get away with it the look back period for certain behaviors is often longer than the current presidency/terms of congress and some things that CT want people to do just aren't possible on compressed time horizons because they require careful, careful planning for things that may happen years from now, not on the 1D chart it also goes double for founders; a lot of founders enter the space thinking they can sort of just do whatever, and get hit with (hopefully) a reality check by counsel that the way you handle i.e. new mechanism implementation, the structuring etc. DO matter and matter a lot longer than most people's time horizons it's not a matter of *sucking* at legal, but that things take time, getting good lawyers around you takes time, figuring out the risk profile you're willing to take TAKES TIME (and unfortunately, can't always require full transparency) it's always better to think of this stuff DAY 1, else you get stuff like hastily set up foundations, delayed product releases/issuances, and even things that cross the line none of this is an excuse for stringing on the community and going silent due to poor preparation (what happened here), but the reality is operating time horizons often do not equal trading time horizons (its also sort of why a lot of @a1lon9's answers on @notthreadguy's stream were vague, there are things you just cannot talk about from a financial reg standpoint publicly) anyways, again see the disclaimer, but its worth a shout