1 billion tokens total under ETH, 500 million to sell, another 290 million to dump as you progress forward, 200 million for people who you already promised big payouts too, MORE for the team and "advisers" (whoever you want basically) , and 1% for community (lolz)
thats some rough ass stats for a platform im not even sure anyone knows HOW will make money :/ guess THIS is how? :/
It's a straight money grab, as you have correctly pointed out.
Research Getgems, their last ICO.
Only a tiny portion of ICO funds were spent on the Getgems product. Instead, the funds were paid out to themselves as a "reward", and used to launch an entirely different product, cutting out ICO investors.
Alon Muroch was lead developer at Getgems, and only quit in December.
They've tried to bury this scam, but you can still see Alon's profile pic using archive:
https://web.archive.org/web/20150701182432/http://getgems.org/