Their management in this situation was ridiculous, I'm pretty sure around 1M$ went to the bags of hackers.

China's Central Bank declared that initial coin offerings are illegal and that started the huge drop on NEO and Binance Coin, but still didn't understand how we ended up here just in a day. Bitcoin lost %7 but altcoins lost around %20...

I want to mention firstly that, I'm a fair holder of that coin and lost 1/2 of my total investment in that coin. Luckily I managed to invest better later with the rest of my holding and fixed that issue. I guess, I will keep this coin for a long time as a shame.

These guys saying that "it will show a better trend in the near future" should explain their claim, because I don't see a reason to make it happen. They collected 42M for this ICO, come on... We just bought a nice looking website that talks about plans for future for 42M. There are projects like NAV Coin and it worth 14M. Most of the people aren't brain-dead like me and see that this ICO doesn't worth that much for now after looking other projects. People don't want to hear that if it is going to have a unique concept or not, they want to see the work. ICO of this project has ended a month ago and they only managed to distribute bounties yesterday. With this speed they will manage to release something worthy after 3 years, if they don't give up halfway through and let this project die. This project might get hot in the next years, it is possible. Yet, the collected amount was not real value of it. I would say 8M total cap is fine for that project and looking from here it looks like it will hit that point. To make the long story short, we paid too much for this coin and it is correcting itself.