I was really looking forward to investing is this ICO. I think is a great idea with season developers behind it.
But I going to let this one go! The fact that the majority of the tokens will be held back is the main reason I pass, just like bitcoin!
Not only will I not be investing, I also will not make use of the platform because of the same reason. If fork (clone) pops up or another competitor maybe I will look in to it.
If this will be the way token will be distributed in the future (Dutch auction model) then it will mark the end of ICO (the killerapp on ethereum) as we know it. I think founders are getting greedy to make a whole lot of money, just as individuals who trow a lot of money at this ICO's. I great idea need backing and greedy people should be avoided. What else do they got in their sleeves. If the product is market ready why collect more money. The product/service can be manage/profitable with fees etc.
I think they should go backward to VC (venture capitalist) if the prefer a "close model". ICO should be open and also the majority of the tokens should be in the hand of the investor. Not the other way around.