any information about the progress of this project?? how about the bounty? is it closed or only paused? if it's paused, when it will be continued?
Here are the latest news, published on July 9 in their medium channel:
"Dear All,
Since ICO finish we have made ICO audit and examine a several ways of platform development.
Unfortunately, attracted funds are not enough for the development of such a project. We come to a decision to return all cash to ICO investors within the next 14 working days from the date of this statement.
The cash we have received during Pre-sales as well as our own internal funds was spent for ICO preparation, marketing activity and promotion. So these funds are nonreturnable.
Loanbit will develop further only under a new name. We now plan to launch our platform during the 4th quarter of 2018. This new platform will have slightly different features from the one we envisaged in our ICO’s whitepaper but will achieve its aims of providing a global, fair and representative P2P Crypto lending and exchange platform. So it’s only pause not the end.
All Pre-sales investors are able to withdraw LBT in your dashboard. In the future you can exchange your LBT to new tokens of rebranding platform.
LBT will not be listed in any exchange in view of returning cash to ICO investors.
We always value support. All our many supporters who have joined our Airdrop and Bounty Campaigns and who have worked hard to spread the news about LoanBit all these months will received new tokens upon launch our platform during the 4th quarter of 2018.
We always value all of your past support and we hope for continuing support, so keep following us in our current social media, Telegram chats and don’t forget to visit our website for new developments.
LoanBit Team"
Source:
https://medium.com/@LoanBit/important-announcement-70df586123f4
