My solution would be: Lifting the price to 0.00004, building a buywall, announcing that the project has failed and call it off. After that they could try to restart it in 6 months with a different design... but doubtful that there would be a way back for them.
Nice solution.
Should be seriously considered by nokoin.
Before it get's too messy for their investors,
And everyone ends up loathing them.
The last 2 days I really believed it could be possible that they could do something like that. Not most probably but possible. That's why I was really eager to see the first signs in which direction they will try to go and today there are signs. Sandrine is posting again, but it's the usual and not very relevant stuff. So it looks as if they just will go on with what they do or not do or try and hope etc.
0.00004 may not be Dans target price of course. That maybe too "fair"
0.00003 or even 0.00002 maybe in his sights.
Would make a cheaper exit.
But maybe with a higher risk for legal consequences. I can't know what's going on behind, how many real investors there were, how many money they got from those they call angel and initial-seed Investors and so on. But if there should be too many people who lost too much, they could have some arguments to make legal pressure.
Just one little example... an ususal Bittrex-ICO has some terms:
Bittrex will be hosting the Equinox ICO. As a reminder, we are providing escrow for the development team. We are not endorsing this coin or any others on our exchange. Please do your own research before trading. Below are the FULL and DEFINITIVE terms for this ICO; no other conditions are required.
* We will review the wallet before initially adding it.
* We will put up for sale xxxx coins at xxxx satoshis. Any unsold coins will be destroyed
* The ICO will run for xxx days starting xxx and ending xxx
* If success conditions are NOT met, all BTC invested will be refunded through a buy wall.
* Once the ICO is over we will verify there is working wallet, blockchain, and block explorer.
* We will hold the funds in escrow for 3 days - at which time, we will release the funds.
* No trading of the coin will be allowed until the ICO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ICO, you are agreeing to the above terms(That's from 2014, maybe it changed since then.)
And I don't know anything about the legal side to make an ICO like the Neucoin-Team did. And I don't know if they announced definite terms. But I know there were some promises and they lined some things out in their whitepaper. And at least a missing Block-Explorer would be enough that the Bittrex-ICO-conditions would be missed. And there is some more about the transparency-promises, the ICO-Adress and so on. There could be much more as we can know.
And with a launch like last week, that could be anywhere between legal, half-legal, illegal... I would fear those who maybe invested too much. Because even if most of the ICO should be bought by close friends or whatever, there are most probably some real/public Investors who invested not just 0.5 BTC. I saw a post in which somebody said that he invested something about $12k if I remember it right. Let's say there are 5 people with such an amount... that could be a risk, because they know there is money in the background. The chances to get it back may be not too bad. If the team would let drop the price to half of the ICO-price and buy it all back, and then step back - that could lead into some trouble.
All this is highly speculative but I really don't believe that it's all absolutely no problem regarding the legal side. And if they think about all that, and about high goals... mass-adoption, hundredthousands or even millions of new user... that would be a hype they maybe should fear because the launch could be shady. Just the transparency-promises they don't hold could be enough. Because it's an absolut important point if you make a decision to buy or not to buy into an ICO.
Even the interest rate, what's mainly an economic problem, could be also a legal problem because if they announce 100% per year but in fact it's compound interest and maybe 130% or 150% or even more... There are a lot of points I would worry about if I would be part of that.