Mate, this is a joke:
We will build value with our token as the platform grows in adoption. The tokens are not only used as a payment/settlement protocol, but also for fees associated with running the sidechains such as emissions, records and loyalty incentives.
All cryptocurrency payments and settlements within the platform will need to utilize $GLU for securing records into the blockchain or to conduct settlement/payments between parties.
It is basically saying, just trust us by giving us a lot of money, we'll make it work in the future. This is ridiculous and shows everything wrong with the ICO market today. I am sad to see Stratis participating in this madness and that too as the first ICO on the platform. Nothing described here requires a token or a decentralized network. It is just a blatant money grab, and I am sure you know it too.
Also, the whole market and its adoption is far far away from using a cryptocurrency. Even if they end up using a cryptocurrency, it is highly unlikely to be Gluon. Even if they somehow end up using Gluon, it will just never be used for payments, given the thin market and low monetary base. The entire thing just sounds fishy.
I like Stratis project and its sidechains. I think the project has very good potential in helping the whole ecosystem. I would much rather see the team focus its efforts on the Masternode and TumbleBit rather than trying to go after low quality ICOs that just don't make sense. There is a goodwill in the community that Stratis has, e.g. with Nicolas Dorier. It should use that to build a better product, not trying to endorse a random ICO.
