I don't get it why I/O has so much trouble to get some kind of traction, more price development. The team has been building for years, getting recognized by big companies and presenting at several conferences. Surely at some point people should recognize this? Could it maybe be that the development team is not very big? There is maybe not enough potential outlook for possible clients that will use I/O Coin etc?
Nobody wants to buy a scam coin where over 75% of the coins are controlled by only 100 wallets.
I agree that 75% for top 100 is somewhat on the high side, but this is the case for a lot of coins. Varying from 45% to 80%. Some examples of top 100 distribution: