Don't forget 2 people got 50% of the ICO coins.
So only 2.5% was distributed, leaving 97.5% in the hands of a few major bagholders.
A truly awful way to start a company.
On a positive note, entrepreneurs around the globe just got another taste of how quickly FinTech is taking off and how much money is going in. I don't think we've seen anything yet.
Honestly it's just people who came into a windfall due to the Ethereum price run-up because they got lucky, pretending like they're knowledgeable investors. The rampant speculation is getting out of control now with these ICOs, where literally 99% of the people contributing money have no idea how any of the stuff they're "investing" in even works and many of them haven't even bothered to read the whitepapers. Sooner or later they're going to learn why they shouldn't just throw money at every dumbass ICO.
With 96% of the coins to be released onto the open market in a year the price chart of this is going to be a complete joke even if the market itself works. And what's the point of a prediction market where almost all the tokens are held by the creators? They'll have to distribute out the remaining coins for it to actually work properly, which means every idiot who bought into this ICO will be diluted into oblivion.