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> Its authors will receive a one-time retention of 20% (2 million) of the initial MTN supply.

Need to say anything else? Sounds really shady to me.. Anyway, the Sidechain Project which is in development by the Blockstream team is supposed to do that, but above the bitcoin protocol itself, not in a 'new coin'.

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Classic pump and dump (PnD).

If they were serious about developing a better crypto, they would have divested almost all of their coins. This ratio shows that the devs only want to make a quick buck.

This is the depressing state of the cryptocurrency world these days. A sucker born every minute, and an "ICO" starting every hour.

Agree. If devs want their ICO to be taken seriously then they need to do the leg work first and show us at leas a working prototype.

As long as this is disclosed, why would it be shady? This is no different than executives retaining a fraction of the shares after doing an IPO.

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