Certain content of this article addresses potential legal risks and strategies. The author is not a lawyer and this content does not constitute legal advice. So please consult a lawyer before making any decision. In 2017, the common token model was the infamous "utility tokens", now they are called "useless tokens". This model fails for two main reasons. First, most projects do not provide any real utility and can be easily replaced by stablecoins. Secondly, because it looks more like a secur...