How so?

Hey I am genuinely trying to launch a "value transfer system". So I think I know the difference between selling tokens versus creating a "value transfer system". What is your rationalization that what you are pre-selling is primarily a currency and not a primarily a speculation  

I mean come on, just give me one reasonable argument. Isn't it obvious that you are no where near having a currency, but do have many pumpers running around this forum with a Waves banner on their signature.

You can sell an ICO legally I presume. One thing you could have done is get a lawyer and have him advise, e.g. blacklisting USA non-accredited investors.