I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people
What difference does it make to you if 65% is in the hands of a single person or 100 different people? Either way you're late to the game and will be paying off the earlier players if you get in.
Isn't that the way every crypto ever invented works?
If people buy, then the price goes up. If people sell then the price goes down. It pays off early investors in the same way that Bitcoin did. Buy 10,000 bitcoin in 2010 -- be a millionaire now. Early investing works for everyone. Only if it's a good project mind you. I can think of a few coins that have tanked over the years.