can someone help me understand.

Based on their info

One trillion eco tokens will initially be issued, 50 per cent of which will be given to the first 1bn verified humans who sign up. Of the remainder, 20 per cent will go to universities, 10 per cent to advisors, 10 to Camp's strategic partners and 10 per cent will be held by a newly formed Eco Foundation, responsible for the cryptocurrency's oversight,

Meaning walang ICO na mangyayari? ibibigay lang lahat ng coins?