I think should add this message from the telegram group. Still, this is an important decision of the team and it should concern investors. Please do not panic, according to one of the leading team members, the project itself is not canceled, the product is in development.
I think ICO now in this sadness time - devoid rationality.
https://t.me/kirik_protocol/23799Announcement
Dear KIRIK community,
Thank you very much for your support and patience.
We have decided to cancel KIRIK’s ICO because of the uncertain conditions of the crypto market. We believe the market will turn around, but it will take time.
We continue to develop the Semantic Platform and plan to raise VC funds to build the KIRIK Company. Our focus is now on corporate solutions for decision-making automation and different systems control using Semantic Technology.
Also, we plan to develop a Semantic Hub that will become a bridge between the current legacy systems and blockchain, using Semantic Smart Contracts to bring blockchain’s benefits to all industries. We will consider a few options for using the KRK token on the Semantic Hub when it will be ready, including STO (dividend rights). We do not know yet what model will be launched for KRK because it will depend on regulations and the market. The Semantic Hub will be a commercial platform, not a non-profit.
To KRK deposit holders we offer to wait until we launch Semantic Hub (probably in 1-2 years) keep your KRK in the bot’s account or we can do a refund.