Hi there @xyzashu.
I'm going to explain you some of your misunderstandings, whether they are made on purpose or not.

The token is priced @1 STEEM each and promises to give you daily upvotes for life in proportion to your token holding.

This is only the price during the pre-sale period (0.22$) and we remember to everyone that buying during the pre-sale at that price would have a series of advantages, such as a 20% discount and an extra airdrop that multiplies per 20 the amount you bought.

The official project account viz. @the.circle hopes to power-up by STEEM received from the token sales. But not all the amount generated from the token sales will be used to power it up. Only the profit generated from token sale will be used for it. (Now this implies that expenses incurred in the launch and marketing of this token sale will be deducted from the revenue).

Not only this, 10% of the Profit generated will be used for donations to some charities.

Another 35% of the Profit generated will be accumulated in a different account (called cumulative jackpot) and will sit idle for a year there. Then these accumulated funds will be re-distributed to the token holders in proportion to their token holdings.

The profits generated from the token purchase, either during pre-sale or when the token is already on the market, will be distributed as follows:
-35% to a cumulative jackpot, to be annually distributed among the investors.
-10% to a fund for donations, to be annually distributed to charities or NGOs.
-55% to do Power Up and grant better higher upvotes to our investors while we keep growing.

But there is a catch. To receive this 35% of your own contribution, you need to hold & stake at least 8000 SPHR tokens by the end of the year. Thus you will need to make a minimum investment of 8000 STEEM to receive a major chunk of your own investment back after one year. And note that, this fund will sit idle and not earn you anything for the entire year!

Here you are getting very wrong.
Actually, our free airdrop to many people or projects, it's gonna gift, in some cases, more than 8,000 SPHERE for free.
Also, I point you that you don't need to spend 8,000 STEEM to buy 8,000 SPHERE (since I told you, we have a 20% discount and an extra airdrop that multiplies per 20 the quantity bought during the pre-sale), but you can just wait for the pre-sale period ending and buy the tokens cheaper (or not, who knows).
The pre-sale period is meant to hep the project to be funded, and for that, we're giving the advantages we already mention during that period.

Aside this, from the initial token supply of 1 million SPHR, the project is going to make an airdrop of 1 million SPHR to whomever they wish! They say, they have a right to airdrop anyone they want according to their subjective perception ...and any amount they wish as there is no clarity on the amount yet:

The Initial Token Supply is 10M. We're just airdropping 1M to the people we've chosen.

They say, they have a right to airdrop anyone they want according to their subjective perception ...and any amount they wish as there is no clarity on the amount yet

The amount they'll receive is based and proportional on their actual Steem Power.

Another 1 million tokens are being allocated to the CEO of this project (as a gift). Thing to be noted that his name is also there in the list of people to be airdropped and this extra million tokens will be aside this airdropped tokens to the CEO.

And 1 million tokens are also to be allocated to the project that will be sent to yet unknown account. It will be a different account than @the.circle.

We think we have the rights to protect our tokens, and that's the measure that you're criticizing.
Since we don't know how amount of people will sell or not, we reserve the right to safeguard about 2M tokens from sale, and therefore, that the price does not decline much more than you can already be getting with your harassment towards our project.

Another half a million tokens (5% of initial supply) are reserved for a monthly raffle - they call it Free monthly raffle.

But here is a catch too. You need to hold & stake at least 2500 SPHR (worth 2500 STEEM) in your account. Even then you don't automatically become eligible. You will need to go and pay your attendance every month in their Discord channel set for this purpose to become eligible for this free raffle.

Again the same mistake that before. There will be people that will enjoy the raffle fro free if they just hold their free airdrop. Of course, you didn't think about that, but you believe with legitimacy to write this article so poorly posed.

Thus 35% of the initial supply is gone for nothing. Thus 35% of the vote-weight of the proposed voting bot (which is 100% funded by less than 55% of your investment) is not available to you.
Did you get it?

The token has 10% annual inflation rate. Out of that 30% will be proportionately paid to existing token holders who have staked their tokens as interest, 15% will go to the team (in addition to 30% on millions of tokens already airdropped &/or allocated to them), 5% goes towards monthly raffle. I've no idea what they suppose to do with remaining 50%.

Summarizing your intrigues: the rest of the remaining, a 60% is put for sale on the market. As explained in the White Paper.

But this distribution will gradually decrease your stake in the voting bot and you will see a decrease in percentage of your daily bot upvote.

It's proven that will not happen. We've already a similar upvoting system with The Talent Club and it's scalable and, as much more SP we have, better the rewards.

But voting bot will receive some more SP through delegation scheme. They are paying about 4.75% monthly payout on your delegation. But mind it, it's not in STEEM but in terms of SPHR ...and who knows what the prices of SPHR will be! So I don't expect that this bot will receive a large delegation.

Nor a fortune teller will know the price of the token on the market, but as opposed to what you say, it could also be a high price and, therefore, allocate a good part to that accumulative pot and fund for donations.

Just like many ICO projects put names of some prestigious projects and reputed names in the industry as their advisors, patrons etc., this project has tried to put some established names in the Steem community by including them in the ist of free airdrop at the end of their announcement post.

Interestingly, some of them categorically denied any connection with this project:

We only used the graphics of every payment method we're accepting, just that. And also used the tags of Neoxianl CreativeCoin and Palnet to just autopost our article in their side chains, wich thing I mean it's availabe for anyone.
It's not that difficult to get, but as you keep on chasing ghost, you are not able to see a tree even in front of a forest.

Summarizing, as I answered many people, you're harming a decent project just because you're misunderstanding the data or well because you're not receiving the airdrop.

Truly, I would expect a better review from an user with Rep.74 because this article seems almost a bad joke that keeps on harassing us, for free.

And yet anyway, I wish you a wonderful day.