Agreed, whole purpose of having a functional token like this is the ability to use it. With the mobile launch and beta so far away, there is very little incentive to buy this token in an ICO. It will not likely appreciate much in price from ICO date until platform launch as the team is not doing anything particularly innovative in the blockchain space. You are just building a sportsbook with low margins. This ICO would be more successful if you had a current website we could bet on with just bitcoin for instance to get excited about the low margin offerings with high liquidity. And then you could present the ICO and you'd raise a whole lot more.

Something like Wagerr may or may not work out, but at least there is a rationale for an ICO for a project like that. I'll wait for this one and look forward to using your platform as a bettor myself when it is ready in fall of next year, but I will be holding other coins/tokens until that time as they offer far more growth from now until that time. This token has no incentive to 'get in early' so to speak. Hold your bitcoin and/or altcoins and buy this one next year guys. You'll have a lot more FAN to bet with that time. If all the tokens in week 1 were sold, it'd raise 117,000 ETH. This project doesn't need 35+ million. It could do fine with 1/10 of that amount. The minimum raise of this project at 5,000,000 should actually be the hard cap if valuations actually mattered in the crypto space.