Yikes, I somehow overlooked that. Looking at some other projects it seems currently hard to raise more than $5 million. The days of Tezos, EOS and Filecoin are definitely behind us. At least until the fork.
I hope they adjust the budget and continue. They have a great product and vision but it is not that easy to raise 20m$ in this market. Maybe 20m $ is just a target but not soft cap for them. I believe after s2x fundings will improve but still 20m $ is looking too high to reach.
They will have a demonstration app and im sure it will attract many more investors.
Why does the token last sale so long? Does anyone know this? Did they foresee that the fork would be causing less sales?
Currently, the pre-sales takes place which is 4 weeks and will last until 28 November. The actual ICO then will only start on 15 Dec and last 4 weeks which is a quite normal period but altogether this makes indeed long 2 1/1 months.