With no doubt this will be one of the successful ICO's nowadays. The east asian market is enormous.
16% of supply - ICO #1 investors - 2100 BTC collected
24% of supply - ICO #2 investors - 5482 BTC collected so far
10% of supply - "early contributors"
50% of supply - premine to be used for "development"
Devs control 51%+ of the genesis block
Thankfully we can get our BTC refunded before this hits exchange and we get dumped on by the other 86% of the supply which was given out for dirt-cheap or free.
The fact that this is coming out of the east asian market does not overcome the basic economics of the terribly centralized distribution.
The 50% for future development/eco-system will be locked for the 1st year after mainnet launch.
At 5482BTC so far, Antshares will probably be listed on coinmarketcap.com at #28. I think it is WAY UNDERVALUED.
We are executing a yet disclosed ambitious plan, and our target is to be ranked at the TOP X at coinmarketcap.com in the coming year.
The fact that 50% of the supply will begin flooding onto the market 1 year after mainnet launch, will be priced in way before it actually happens.
Coinmarketcap.com usually lists the entire supply, so 100MM coins. If this launched right now, it would be at 22k BTC, way overvalued for a coin with 51%+ of the supply centralized.
I'm putting in a refund request for my BTC before the dump-off begins
Exactly that was my initial concern as well - the distribution and the voting power it gives besides the money-part.
But: In the end it's all (and always) about the team behind a project.
1) If there are reasons to believe that a team is not able to do deliver, one should stay away.
2) If there are reasons to believe that a team might be dishonest, one should stay away.
3) It there are signs that there is a lack of accuracy, that a project is not thought out - one should stay away.
Thing is: I believe this is a very good team. Everything seems very thoughtful. They obviously don't rush things out and they are no nobodies in china.
About the 50% of the total supply they will hold: It's not different to Factom. I'm not sure about the numbers, but the Factom-team also holds something about 30-50%, plus they've made additional funding-rounds with the Bank of Future. Because reality is: Especially big projects need to be well funded. They are like companies. And I would be very surprised if the team would be careless with the market once they can sell and they've given themselves restrictions. If this is what I believe to see it's a good longterm-project with real chances on the business-side - and that is still rare. I only know of one project I currently see that: Factom, which is my Nr. 1.
So, under the line I expect that ANS could surprise some who are critical about it.