ICOs will have to end eventually, if only because the people who buy them have no money left.
No one is going to buy an ICO after seeing this shit. With the lack of activity from the dev team I'm wondering whether the dev and co. worked out that they could make an ICO of say 350 BTC - start buying it themselves in large chunks a couple of times a day, then when the thing is nearly closing ramp up the buys and get others (like myself unfortunately) to jump on the bandwagon and throw some Bitcoin at a quickly diminishing stockpile of ICO coins.
If you look at the conditions for Bittrex to release the BTC all they seem to need is a working wallet and blockchain and then in 3 days they get the full ICO BTC.
Let's say they were 250 BTC of that buying - thats 100 BTC profit.
It's our own damn fault on this one - we thought we were lucky and got in early but in reality it looks like we just bought a bunch of shitcoins that wont even begin to have any real value until September when they start testing things out - if they start testing things out.
Will hold till the next pump - gone too low to sell now - but another lesson learned the hard way. ALWAYS do your own research before you buy.
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