Are Cryptocurrency products security, utility, equity, or utility
Let start this conversation guys 
~~~~~~~Let me give you an idea of my thought and lets see how far we can take this.~~~~~~~~
If you say for example that you have a product like the platforms offered by bitcoin app many crypto foundations or otherwise e.g Ethereum, IoTA, NEM and LTC. These cannot be security in exact sense that USA-SEC deems it. However, there is a thin line between the ICO period and the business vertical usages. It is possible the offering could fall into Security, Equity, DATE, RATE and Utility. There is an issue: You see, this line defined shallowly by platform channels in any case you look at it. However, I surmise if the conditions of security are now met according to Howey TEST. If the users add value to the platform; making it grow the ecosystem as a whole. You cannot consider a favorable argument for securities here in. Why wont people be allowed to benefit from their own insight or work? The user contributes money to support the ecosystem not for any future gains. It is then truly not a security especially when they get the platform ownership as well. The returns to the users of the users had always been benefits of communal funding not, any sales or any withholding or any hoarding of future sales.
Please check:
Howey test on what security is in connection to Cryptocurrency. https://blockonomi.com/howey-test/
SAFT document. The SAFT Project https://saftproject.com/
DATE(Debt asset toke event) and RATE (Real asset token event). https://www.bitcoinmarketjournal.com/equity-token/
https://www.bitcoinmarketjournal.com/equity-token
;DThanks.