I still don't understand why the token sale was extended. I really hope the team at least liquidated their holding of ETH at the end of August considering the reason for extending it in the first place was the fall in price. Now it's 40% further down from when the token sale was supposed to end!
So if they didn't liquidate the ETH at the end of august they're now at least 20% further down on USD than they would have been if they just ended the token sale as planned! And that's if they sell all the extra tokens!
I hope they're not relying on the price of ETH going up any time soon. I wouldn't be surprised to see double digits in the next few weeks.
The reason is they have not raised the amount of money that is shown in the webiste. It's fake. It's a trick to attract some investors. I don't think it works.
that is a serious accusation. the project seems legit and i do not see any reason for them to lie about their ico performance. anyway the team should address this issue by publishing the ico payment addresses for one to check the tx's.