I assume: "Sand coin" as in "sand running through my fingers".. I really, really hope the regulators will soon go into this shady ICO business and clean it up with the machete. This is nothing but bubble BS like during the dotcom bubble.

• You have no business concept (except the ICO..lol)
• You have no management
• You have no concept
• You have no binding legal construct

This is nothing but BS.

edit

Sorry for my harsh words, but the business world hasn't been invented yesterday and it's not full of unicorns and baby elephants. It's a tough place and you are supposed to perform and not dream up some fancy looking coin. It's the substance behind it that counts and not the photoshop+wording. Some 90% in the crypto sector is just helpless amateurs digging and hoping for gold. Ridiculous.