Close to 3k that is good in a period where other ICOs are struggling to raise fund, to raise such amount and still have more than a month to collect funding is huge.
Not many ICO have their own dev team spending so much Bitcoin on buying their own coin. The end.
Assuming the dev can invest 2 million dollars themselves and leave investors kindly 5% of the share. Makes brilliant logic.
Nay, all the dev team wants is you guys' 20% or so free money for them. They put in their 80% in the pool just to make it look great and excellent, so other "investors" can jump in and feed them the other 20%. Think about it, 20% (maybe about 600 BTC) from thin air is excellent, isn't it?
Name one ICO where the investors can prove they didn't invest themselves....I'll save you the trouble, there aren't...
you don't seriously think the team invested so much in this project do you?