if nothing this coin is screwed and devs are wasting their time.
wasting their time? Are you kidding me? They got funded so they have an income. The more important part is
experience. If they want they can just make a new coin and join the whole ICO bandwagon and easily get it top10. Everything they do is better for them, they can even join a high tech company and show their project (the are building their skill set aka resume) It's all about (self) development of skills. While the rest of us here are like fking babies not doin jacksht and crying about some price fluctuations
They wasting their time in terms of the coin getting noticed by mainstream, most users look at coinmarketcap rankings which is the trick ICOs are using to get buyers.
I agree if the team created a ICO it would easily get into the top 20. No mining , control over 95% of the coins that weren't distributed in the ICO. Make the price of the coins in the ICO high enough so those who invested in the ICO wouldn't dump for a lower price. It's a win / win for everyone. No wonder scammers are liking the new ICO 100% premined coins. None of these ICOs have any blockchain innovation but their marketing and advertising is very aggressive before the launch.