This is exactly what I'm afraid of, so instead of 'misunderstanding' as your interpretation, it's a positive affirmation on what I thought. Why? If the project doesn't succeed and/or fades away over time - for any reason - then:
a) 20% going to BNT Ether reserve is not a net benefit for me as an investor on the long term (2 year contract), other than pressure a price floor;
b) I get 80% of tokens I can't do anything with, because if it was a success, it wouldn't issue BTN.

So in conclusion, I lose 20% + 80% of what I could have invested/traded/speculated in 2 years time of my overinvestment by said use case or worse, lose everything. By seeing the interest in this project, the possibility to fulfill the one hour term is realistic, all the while carrying the risk of 2 years without compensation and being in the dark what the status is of funding.
Instead of cutting the losses on my own during this period, I've no choice but to see it all go in flames if the company is not operating anymore. Remember, this is an ICO, unlike IPO, it's unregulated without any insurance, you have no rights at all. It asks a lot of trust and what I've seen so far, is the most riskiest ico so far. To get at least the trust of investors, you have to show the cap and live update it as the funding goes from start to finish.

I've no problem to invest long term, but I want security in case something happens with the company when we're talking about large investments. That's what regulations are for. In my view, talking about large investments over 2 years time without any rights, you're out of your mind. This is the exact opposite of 'advantageous to you as an investor'. As for ICO investments: At least without this contract, you can short and cut your losses, not withstanding the lack of transparancy at the fundraising.

It's too bad, because the only crypto's I've seen so far with the greatest potential before they had manifested where Bitcoin, Ethereum, Stratis and now Bancor. The risk/reward is too high for me. Thanks again for clarifying my thoughts and feelings. It's clear as day now.