Your company wants to organize an initial coin offering of digital tokens similar to Ether by Ethereum. You would like to raise at least $1,000,000 by offering future digital tokens and other investment returns to investors in exchange for their investment capital up front. These tokens will become functional only after the proposed platform is developed and becomes operational. You will act as the administrator of these digital tokens once they become operational. You doubt that you will raise all the capital from institutional accredited investors for such a small amount. Your business associate is concerned about whether the federal securities laws and other money transmitter and commodity laws apply to this offering and if so, what you must do. You absolutely prefer not to organize a full-blown securities registration or other federal filings with all the work and costs involved. Do the securities laws and those other federal laws apply to this offering and why? What specifically would you do if the securities laws and those other federal laws apply to this offering?