See IOTA, researchers discovered rookie mistakes in fundamental cryptography used and developed by iota. Double spends example code was shown. What is a cryptocurrency, with broken crypto, and centralized node for security and accounting?

Yet the coin is still in top10. Can anybody explain this?

To serve the needs of future trillion dollar IoT (Internet of Things) market, massive scale, zero-fee with nano-payments decentralized cryptocurrency will be developed.

ICO is for development and massive marketing of a cryptocurrency which will do everything on 1 centralized node with really fat hardware specifications and a swarm of various half-working clients. On top of this we add a thin sheet of seemingly distributed decentralized system and marketing buzzwords. Quickly, buy, else fear of missing out.