Gatcoin auction concerns

[justjen]

I  really like the idea and team behind  gatcoin. They also  already  have a partnership with a large company.  The claimed speed of transactions looks promising as well however,  the auction feature which  allows  gatcoins to be exchanged for merchant tokens concerns me.  It seems to me that the auction will only devalue the coin. Say there is a 10 dollar target merchant token , it goes on the auction block and bidding starts at 1 gat coin but this is a particularly good merchant token so the token sells at auction for 10 gatcoins.  This just devalued my tokens from potentially  10 dollars to 1 dollars. 
 So essentially what I see here is that the throat of one side of this business has to be cut for the other to thrive.  Either the market tokens are very hard to obtain outside of airdrops because to dollar to gat coin price is too high OR the merchant  token side  does well and the auction continually  cuts down my investment.  Anyone have a different perspective on this?
 

[justjen]

Oh also I'm concerned about  the total number of coins. There is a " non profit " to stablize the price.  Also this isn't minable and I don't see a super solid timeline. I have several concerns apparently  but my gut tells me to buy it.