Thank you, that's very informative. The info here gives me some great areas to make further research. Yes, I think my island would benefit from having its own local token. I'll have to think whether it's worth the legal exposure I may be putting on myself as an individual.
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It most likely would.
I would spend some time laying out a plan for the utility and how it is to be distributed. Hit me up on discord if you want some insight. I might be able to put you in touch with some who could help out with the technicals along with how to structure things to keep yourself removed from the equation.
If you are not directly profiting from the creation and distribution of the token, that removes a great deal of trouble (at least in the US). That is why you see SpkNetwork doing airdrops and giving the token away with the team behind it not getting anything more than anyone else.
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Thanks. I will, and I'll try and find you on discord when I've thought of a plan. I'd really like to get a project going - I think it could be great for the island. As you say, crypto is only just beginning and there will be real-world applications for it that we haven't even dreamed of yet.
The mass-scale adoption is inevitable. And he have a chance here to help to shape it into really beneficial ways. The risk is whether I want to open myself up to scrutiny - word get's round quickly on the island, so an island-specific token would certainly get attention one way or another!