actually what you want by extending this ico, an ico extension that you have previously failed in attracting investors. I am sure the extension of IO today will not get anything.
It could be a better decision by the team to improve the funds of the project, extending the date to generate more funds is kinda better than lunching in this very bear market, most ico lunched this period all go below ico, i think its all about timing.
i know, you are right. I'm pretty sure that they wanted to rise much more than 17.5million, maybe they expected to rise 30M, that is more or less 30% of the hardcap.
And i still know that the market is not great, but, hey! They delay the end of the ico for almost 6 months.
I have no choise to put my faith in the team, becouse only they know all the factor...