Given Dan Larimer's track record of success, it's extremely likely that this project will be successful. Dan is an ideologue driven on the fumes of his acrimonious divorce. This is a good thing. The agreement is as one sided as you can get. In a way, this is also a good thing. It has scared most people off. The ICO is not structured to the benefit of flippers and speculators. Usually, I'd shy away from an ICO that takes a year to finish. The race condition ensures that stakeholders make money.

However, one must only briefly look at STEEMIT and Bitshares to see that everything Larimer touches turns to gold. Given the structure of the ICO, those who buy in will be extremely happy that the purchase agreement scared off the initial goldrush crowd. When the product actually launches and proves itself, the initial investors will be quite wealthy.