It's a pretty strange development indeed. My biggest concern is that only 1 trillion of the 10 trillion tokens that will exist are being sold during the ICO (source:
https://steemit.com/etheruem/@nole/kin-a-crypto-by-kik). Gnosis sold 30% of its total supply and people were wary of investing in it, so seeing how much they manage to raise is going to be interesting.
Looks bad, 90% of the supply goes to the developers? This just like made a limited token edition. So, some communities are granted the early access on the token.
After that will be hitting the market. Just like GNO, Those are early investors try to make hype to the coin.
So, more people bought it with the more price.
The early investors will take a rest to the hawaii because they succeed to flipping their money.