Regarding the difference between hydrominer and cointed in your uunderstanding?

So i also did my check on hydrominer! Actually i also think that it is quite risky for the management of Hydrominer GmbH to issue Coins as long as the GmbH is not yet registered with the Austrian Commercial Court. But the risk is quite limited to any losses incurred between the day of the establishment of the company contract until the registration day (VORGESELLSCHAFT), afterwards the GMBH will be liable for the Coins issued. Hydrominer runs a voucher model: quite simple! you can exchange mining power in exchange for the vouchers. The people behind Hydrominer never issued any statements on big sales number achieved in 2015 and 2016 and they never claimed to move to Hongkong! resp. to issue the coins by using an asian company. When Hydrominer fails everyone knows that there is an Austrian company which can be sued! Quite simple. to sue an Asian company is much more difficult and the reason that Cointed ltd. moves to Asia in order to work the Asian market is not valid. Groups usually set up subsidiaries but do not move their headquarter to the Asian market. 

Regarding the token model:  hydrominer just issues voucher which can only be exchanged against mining power. The only problem which could result in their token being qualified as e-cash and resulting in big troubles with the FMA is their promise to get a listing on cryptocurrency exchanges (what will anyway probably never happen), but as long as the vouchers can not be used to buy services or goods from others the risk is limited. 

CoinTed describes in its white paper and in its public announcements that its coins can be used in a widely manner: other merchants and so on. So there is a very high risk to be qualified as e-cash and this means more than big troubles with a lot of different financial regulatory authorities in each country where such merchants will be located.

Both tokens/coins issued will not empower a decentralized network to be established.