This is an overpriced ICO, they raised 125M usd, lol, which is too huge, the price is under ICO, no doubt.
I think that they could of did there ICO better but keep in mind that the Chinese ICO ban happened just before and they also had to block people from Canada, New York, and Washington from participating. Also, it is only currently on a few small exchanges, many people waiting for it to go on exchanges they are familiar with.