Yah, I got confused for a second as why would they be trading it already. I just realized that they are just IOU's probably so withdrawals can't be made until the official release.
I think exchanges are doing this for profits again, letting people ride the hype train again even though theres nothing really. The devs are on
finishing phase so i doubt they'll back out particularly when the snapshot has been secured. I mean we all know they're gonna dump their
private premines lool.
Yeah, they're just IOUs at this point. But I would laugh so hard if the coin never launched and people started filing lawsuits against Bitfinex for letting them buy a coin that doesn't exist and has no network.

It's pretty obvious that most people didn't understand that only a snapshot had occurred.
I think they are fully intent on launching, but it's surprising how incompetent the developers seem. Now that the market has shown that it values the coin (albeit lower than BCH for now), I would think some competent developers would step up and grab the bounty for replay protection. Then again, that bounty should have been much bigger, considering how big the pre-mine is rumored to be.