I must confess that i've stopped reading after "rewarding for BOINC work" because if someone wan't to reward me doing e.g. SETI crunching well - why not? And if i really earn some tokens this way i'll convert them to GRC. :D
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True, you may get some tokens out of it. I had a closer look and it appears they are trying to be the GPU counterpart to Golem's paid compute model - only rewarding GPU projects.
At the end of the day, this still looks a lot like another ICO scam.
Because their principals are so different from ours.
GRC = Anyone can start a project for free and so long as they can convince people to work on it, it gets worked on.
Everyone else, including SPARC = Pay to Play