yep, pretty sure 5 % share went to developers involved who basically put in 1 bitcoin and recieved 50 million coins,
Everyone was free to deposit 1 BTC. Rules were the same for everyone. (even though there is no evidence BXNext put 1 BTC).
who then decided to arubtly close off the auction
whereas only 2 % is going to developers, and the rest has been distributed
The IPO was open for 2 fucking month -- a lot longer than Nem IPO.