So some things I do not get
[6] Why are they relying on exchanges rather than btc and eth address, that the send coin out as eth and many others did.....why why why if you really believe in crypto tech use exchanges to ICO?
First, if they are scamming, you wouldn't know if purchases are real. It's a known con tactic to appear flashy and big to fool investors into thinking "it's big, so it must be legit." It's the same way that happened with Gaw miners and Paycoin. So many gullible investors burned for millions of dollars. At that time, everything appeared above board, except there's no evidence of actual mining from the company. Paycoin even had a large cult of followers/forum. Eventually, it fell apart. I believe the same thing will happen to QTUM. Maybe it will happen around August, 2017. First, there will be lots of excuses and no substantial proof of development, etc etc. And then the final blow will be a pump by the whales to lure in more dumb investors. Learn from history, dudes.
Second, since the Chinese market is their main victim, these people don't hold btc and eth as much as Westerners do. Their exchanges basically pair crypto with fiat (CNY), unlike the Western exchanges which pair altcoins with either eth or btc.
I spoke with Joe (not Josh; Joseph Mordica) of GAW during its nascent stage, and he share with me over the phone the exact location of one of GAW's warehouse which he owned in Hattiesburg, Mississippi (nobody knew this at the time). I was/am very, very familiar with Hattiesburg, so I asked him how close was the tornado to his warehouse a few years earlier, where he replied with having no knowledge of a tornado that passed literally within blocks of his place destroying that part of town. I presented the facts back then and people still put in millions. Crazy fucks!