Realize that if your first launch didn't go well, a second relaunch isn't gonna do better, especially if you don't provide a product or promised features prior to the relaunch.
If you're going to do a relaunch and also forcibly raise your marketcap by raising the ICO price, at least provide the promised features and products prior to the relaunch ICO. This whole thing just screams poor PR and any smart outsider will immediately place this in the scam bin.
Had been considering buying a nice chunk seeing the low prices for the week, but seeing how the devs work and how their planning/thinking process works, I've completely lost interest.
I think first launch didn't go well, as they got lot of criticism of having purchased MIT emails from Tabao which wasn't true. I also agree, dev should provide InSign atleast before the end of the 2nd ICO. Without that they will have no credibility.
Should not be "before the end of the 2nd ICO", but rather before the ICO even starts. What's to stop them from taking the money a second time and pulling the same stunt or running off once they've made their bank the second round? Even providing it halfway through still means they can run off with half a fat paycheck for free.
Everyone should see that it needs to be provided prior to this second ICO, because that would be the only way to legitimize the coin and justify the relaunch. Anything less than this would simply be putting up facades to cover up whatever is happening behind the scenes and would made this coin more of a scam than a legit project.
The only reason a second ICO would be needed at all is if money was needed for this InSign project. However, seeing as how the dev team is full people with the necessary programming and technical skills, money obviously is not the issue and serves no purpose than to give the devs a fat payday before any work is done.
Thus, the only way to justify asking for more ICO money is to have an actual product upon delivery.
This whole situation is exactly the same as those scam companies that presale ASIC miners then withhold the machines for months. Think about it. If an ASIC company presold rigs to you and you paid for it, but they did not deliver the first time around, why would you fall for the same thing the second time around unless the company can show you proof that you get your product? Is this not the same thing as what is happening here?