i see all the time people confuse in brain that ico is business this is not it. ico is for raise fund only to launch business. as i know today this business is only in starting up stages. where i am from you cannot go inside of bank and get quarter millions loan for start up idea that you have
so this one is mega huge huge above average funding in real business world for start up stages business. i can use html and php tool to create loan website in one day with less than 4 thousands dollar so this is not require of such huge invest. main requirement is monies to lend to peoples this one i can see is main objective since only they state to deliver btc loans and only this one they collect
for this loan purpose i think they collect more than enough of it because they state to only deliver max thousand dollar loan to one person, for this they have more than 300x that sums, then you place interest profit that they will collect and even larger sum they have
if one month they loan only to 10 peoples only they exhaust 10 thousands dollar only 3.3% of fund they collect, like this one maybe they have here good idea for business
I support what you say. This is an interesting project, and even if we say that he collected "only 44 btc" - then this is quite enough to start some kind of activity, given that there is no softcap if i correctly understood. After all, these 44 btc are not the money of creditors who stand above the soul - but the money of people who believe that this project will turn into something more than just an idea.