Whichever way you slice it, this is a security offering. Documentation is replete with security lingo. This begs the question; is the project registered with regulators - highly unlikely that a form D will suffice here. Hamza Khan is also onboard

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*grabs popcornYeah, you're right, this is indeed a security offering. I sure hope the team complied with all the regulations otherwise there's gonna be some backlash. Also, yeah, Hamza Khan, that guy who says he's an ICO expert but when seeing a "Delete" post on a certain project's bounty campaign tells us that the project will receive negative feedback if such post isn't removed. LMAO. Talk about being hysterical.
*grabs some popcorn as well 
BTW OP, any plans on running a bounty campaign for this one?
Sent you a pm regarding this inquirylmao. Negative feedback due to a single post? If everything was kosher, there wouldn't be any need to worry. Sadly with these folks, things are rarely as cleancut as they peddle it, hence the panicking at the disco when the narrative looks like branching out.
Doubt they can comply with any regulations though. Regulators hate the "horse before the cart" approach. You have to have consulted and received the greenlight from them first before announcing to the world. Not gonna happen with this one