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3 Billion coins is a bit too much, low price is good, token amount for sale is good too. Team is ok i guess, but now product or prototype yet. No idea how they are gonna try and force facebook to use their system.

Yeah, and just launching the test network only in December (well after the token's ICO) means I'll be sitting this one out. In comparison, others like BlockCat have released at least limited functionality product shortly after or during their crowdsales.

Love the concept though, and I may very well buy afterwards, once something beyond that has actually been produced and tested, not before. Too many of these ICOs now seem to be launching earlier in their product's development phases than they should, because they know they're a quick and easy way to get initial funds that they couldn't obtain support for otherwise (e.g. large investor backing or a business loan), by using steep discounts on microcontributions towards a product that may never even materialise (e.g. OneCoin).

I'm not suggesting in any way that this is some sort of scam or even vaporware, but if the tech ultimately doesn't work then the result is the same...

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