I am exceptionally glad I sold mine now. It appears there is no end in site. i hope it takes a turn for the benefit of all the investors.
They don't raise any ICO fund, I believe the issue is with the miners, they are the ones selling their tokens this cheap/ or maybe is the whales crashing the price to their own selfish reasons. The project wants to fill a gap that I believe if the developers get it right is going to be a boom, because there is a gap to fill in that market
From this view, the team is legit, because they didn't have ico, and they funded themselves, lbry is a big team, but they owns huge amount of lbry, may be exchanging for future incentives&money.
the biggest portion is set aside for getting large media organizations on board, yeah these guys took a 25% of the premine but that's only 100m coins split between like 8 people. This gives them incentive to also be able to work their asses off to get the price up and spread out to the users.
Who cares if they have a zillion coins if there is nobody to sell them to. They sure have a lot of coins yes, but there's no way they could even sell 1% of their coins without totally killing the market they have been working on for over a year already self funded.
But your shit coin, will stay shit coin, like this whole scam project!!! 
