Totally agree. As far as ICO's go, there are way too many similar to this on Ethereum, not to mention platforms such as Waves, NXT, etc, that do the same. The space is flooded and 350M is insanity if you think about it. Why would a startup need so much money to develop something that has been available for years on an existing platform? The greed in this space is overwhelming at this point and I do not see these crazy ico's doing anything positive for the crypto ecosystem. I see all this having a negative effect as non crypto people sucked in by the hype begin to lose money in the ico thing and call for tighter regulations, investigations, etc. A lot of that has already started with more bad press about "ico scams" daily. Not saying that any are scams, just saying at some point these companies will be forced to account for the funds and their use. I am worried if regulators step in, these companies may be forced to liquidate their positions which could be really bad for all of us who would like to see some stability.