My perspective has changed on BANCOR, I may support this project(probably not). My issue is the amount of money going to the dev team vs the project. ~50% of funds(ETH) from ICO is going to the dev team while 10% coin to founders, team members, advisors and early contributors, is an issue for me. It shows BANCOR does not have a big economic stake in the coin, they have barely any coin when it is split amongst all those people. You would want the project you support to have the devs have a bigger stake in the coin and less in the ICO funding. They should take less money from the funding and have a bigger coin stake, due to this I will most likely not support this project. However I feel their ICO set up is not too bad though the 1 hour hype and all that marketing hype is still shill. Due to the issues I'd still put it in the "Dev Shill Category"
thanks for putting it all under the microscope all the same. its difficult to have time to interpret and pick good ICOs at the speed they are all coming out, so anyone picking faults can help throw light on issues the rest of us may not see.
though I think we are seeing a change of direction for cryptocoins. as more traditional business people get involved in larger groups it is morphing into the traditional business world methodologies, albeit in a new and relatively unexplored field. so I kind of expect to see the 'shill' & economic decisions being made like with this ICO, since in business world its basic economic, advertising and marketing strategy to do that. Sure it is mostly bullshit, but that is how the commercial world works, and I think more and more that crypto world is going to turn that way. it is bound to.
the day of cryptos being something underground and 'revolutionary', is pretty much over. it's about business and profits now, and that's what will drive the launches.
