Seems like a shilling scam. Price has already more than doubled so they're going to start selling and then people will be stuck with a cheap useless coin. Hope no one invested too much.
If I'm wrong, prove it by posting the coins website (which is currently down).
I think there is an exponential number of shitcoins in the crypto-graveyard these days!
Most ICO are sold with no actual programming, code or backbone even built yet. Just an idea in a greedy mind..
Best off playing roulette
I think you might be right @tb0t89!