Chain is not a new crypto, it has been dormant for some time. This whole movement was the brainchild of Max and his team. Find a stable coin with good features and Chain happened to be their pick.
I agree with buying into ICO's in this environment to many people want a quick profit payout. On the other hand when they get dumped it's a good opportunity for us to pick them up cheaper providing the tech behind them is good ;)
just saw your comment now -oops! Sorry for the slow response... totally sounds like we're on the same page with waiting til a coin was been out a bit.
Yep now re CHC @kingofallcrypto I think we can now all agree this was a classic pump and dump. Glad I stayed clear of that one... the wait and see strategy to ICOs worked out for me here.