30K is a freaking lot of BTC. I know it costs money for notary nodes and the development.
But lets be honest KMD will be using already developed technological pieces from other coins. All the dev is doing is patching things up and it does not cost tens of millions USD in funding.
I think Dev is being greedy (want to use the coming ZCASH hype hence the opportune timing of ico) and bit jealous (of Waves developer) hence the 30K BTC cap + 6 million USD worth of BTCD.
This one is gonna be a saturated ICO if more than 5000 BTC are raised.
Yes, dev is jl777,you should know this greedy dev if you involve altcoin. He had plenty of icos, and no one is successful, this time is kmd, next year he will make another ico, but noobs never learnt