ICO cancelled and focus moving to product development (Bitcoin will be refunded to ICO participants)
With just 12 days left in the ICO the funding level is to low to go forward with the initial coin offering. The Postbase project is not cancelled, and will continue to develop. A new launch plan will be announced at a future date.
The bounty participant data will be kept, and the bounty participants will be given a similar reward when Postbase launches at a future date.
If you have contributed to the ICO I will be in contact with you through the email address you registered with in the ICO portal.
Thank you to everyone that has shown interest in the ICO, and continue to watch this thread for project updates that I will periodically post to this thread.
bitcoincar, IMO I think you rushed a bit to this decision. I think lots of ppl, including myself, were waiting for last days to see ICO progress and planning to invest in the final days of ICO.
I don't think he rushed to cancel the ICO.. but I think he rushed to start the ICO.. launching an ICO at the time when there is already few big project's ICO's in progress is not a good thing.
ICONOMI, Antshare and few more big ICO running. and all potential investors invested their money in those ICO's already..
so the mistake was starting the ICO, not closing the ICO..
hope OP will launch it again at the right time.