I didn't heard of the term LCO until now. What is the big difference between LCO and STO?
Are LCO only regulated and analysed by private firms or do they also need to go thru government regulations?
It seems for me that all these new comcepts are trying to improve the relation between Developers, investors and government regulations.
So, if LCO are only projects that are not defined as security and they are "allowed' to collect money from the public than I think LCO is a good thing, but that depends on who is controlling and anlysing those companies.
The other critical fact is that tokens can change there legal status within the development process. So if a coin starts at LCO stage it still can change the fumctions of the token that it might become an STO in the future.
Overall I'm not really impressed by now of all these different regulatory concepts, because the big advantage about crypto is decentralization, privacy, transparancy on the blockchain and openness to all users. But all those criteria will suffer under government regulations with STO in my opinon.