Sounds like just another shady scam by a bunch of shady nerds, just like steemit (let a few insiders in first, let insiders build power/influence/vests, then let the general public in so those same few insiders can use and abuse the noobies for their own profit/gain while convincing said noobies they are part of something special that may make them rich some day)....
No thanks. I think I'd rather risk any potential investments I may make with the upcoming independent steem fork (free from Stinc) called Calibrae (launching in about a month and a half, proposed and designed by @l0k1 / @elfspice).
Posts tagged with #calibrae are an easy way to follow what is going on, for those interested.