This is the SEC definition and in my opinion this is exactly what you are offering

The term equity security is hereby defined to include any stock or similar security, certificate of interest or participation in any profit sharing agreement, preorganization certificate or subscription, transferable share, voting trust certificate or certificate of deposit for an equity security, limited partnership

How is this offering NOT considered an equity offering? The "membership" can be bought, sold or rented.
I think this would fail the howie test and creat a problem for both the seller and buyer of this "token".
If it quacks like a duck and walks like a duck, then it is a duck - equity.

Did not create an account to respoond to you. Waste of time, but was looking at the Centz materials (i posted above). It appears that in USA there has been lots of fraud with gift cards of which I was once one. I have been looking for a good solution, one where I might not be ripped off or abused to get rid 15 - 20 gift cards that i will never use. What I actually thought was interesting is that it appears that Centz has taken the $ out of the transaction, which might get rid of scammers. They also would let me add up balances, somethignI have not seen elsewhere.
I actually read the articles that they posted.

It sounds like you are the only BS here!

This sounds like a very interesting project - Wow just looked into the gift card indusrty in the US - this is bigger than I ever thought.