I've got a feeling this might end up the same as Chesscoin.
How chesscoin end up?
Chesscoin dev Isolani, who is also active in this thread and a "friend" of Pioneer88, held ICO for Chesscoin - but not much funds raised. To be fair, he refunded the investments and still distributed token and also lots of giveaways. But once Chesscoin was added to yobit exchange, after the hype & pump, it went on a decline and dump - profits would have been collected. And the project appears to be abandoned now since dev has jumped shipped and been joining different signature bounties.
ICO of chesscoin was ruined because of early exchange listing. And the one trusted by the dev who is about to create an android chess game for chesscoin dumped the early payment Isolani gave to him. Resulting to decline in price @ yobit. When the price in yobit decline, Chesscoin ICO then announced as failure and collected fund were refunded.