>It also allows for the possibility of selling at discounted rates for volume. $1 for 4 tokens, but $10 gets you 50 instead of 40.
I think at the point of discounts of a USD stable coin...a good arguement could be made that is an investment contract/security that needs to be registered.
If that were true, it would highlight how SEC is treating cryptocoins differently than say gift cards (which are often sold with discounts).
Of course either way FB could in theory probably register their coin with the SEC anyway without much difficulty.
I think at the point of discounts of a USD stable coin...a good arguement could be made that is an investment contract/security that needs to be registered.
If that were true, it would highlight how SEC is treating cryptocoins differently than say gift cards (which are often sold with discounts).
Of course either way FB could in theory probably register their coin with the SEC anyway without much difficulty.