There were 2 original buyers in the IPO, they bought 2,500 XBC in total at 0.001 a coin. The dev wasnt satisfied with that result and decided to sell 50.000 XBC on poloniex at same price. The sale was slow in the beginning but it lasted for a few days, open to anyone. Hence the price drop in the sales graph a few days ago. To say that this distribution was exclusive is not correct at all, you too could have bought ample at the fixed price. The trollbox at poloniex is a famous chatbox among everybody involved with alts. There was no artificial pump but the rise occured when people started to notice that the IPO was running out, according to supply/demand rules as it should be. One could argue that the distribution was quite fair as most buyers didnt buy a lot as nobody was sure if it was a good investment.
No bagholders, no whales : )
(...yet!)
so is this coin a scam?
Well correct me if I am wrong but one of the biggest knocks against any coin is unfair distribution, from what I can tell this coin was the brainchild of a select few "pumpers" from the Poloniex exchange. They created the coin as an exclusive club for them to profit and are now using Poloniex as the vehicle to pump the price artificially. If you check the "founders" list I am almost certain all are active members of Poloniex's Trollbox.
With such a small select group owning the majority of the coin I don't see how it could succeed long-term outside the influence of the pumpers/owners on Poloniex.
And it's named Bitcoin Plus, with zero innovation and a sparsity of listed specs, what coin could ever expect any type of broad success and longevity with such laziness in its naming and creation.
Mine as well have called it CashGrabCoin, as it's only a vehicle to make a select few insiders some easy
BTC.