i look at it like this:
if everyone who had an idea to make a product or had an idea how to use r3d put in 1btc the ico would be filled already...
if everyone who had a use for a product like this (for privacy or for cultural or for whatever reason) put in 0.01btc the ico would be filled 10000x over already...
i think that some people see it as YAC (yet another con) when its probably one of the most interesting possibilities for crypto in awhile, being developed by someone who is very well recognized and respected in the altcoin and crypto currency world in general and known to be one of the hardest working programmers out there... im glad to be able to call syntaks a friend and i can personally say that he is the hardest working person who isnt my father that i know, and it depresses me to see people spout bullshit about the price or the legitimacy of what r3d is doing because of what it can do for those exact people, its like someone who is saying they want to give everyone the key to making the internet a better place and those people saying 'your time is worthless but please give me it anyway'..
i don't exactly know what all the funds are being used for and maybe this is a good place for that to be asked? but i know that syntaks' programming skills are *WORTH* a lot more than 99.999% of the altcoins "developers" combined and he is honest to a fault, he is always around when people have questions he always helps people, he doesn't judge, he fixes OTHER coins broken shit because their developers suck or abandon it because they were in it for just a quick buck.. chance are if you are an investor in altcoins you have coins that he has helped to fix to help you keep or gain your investment...
for all of you who care about privacy.. for all of you people who care about censorship.. for all of you who are being ruled over by your governments or your corporations or anything unjustly you owe it to yourselves and to everyone else to chip in even a small amount to make this a reality and to reward the people making it fairly.... if every chinese person in crypto were to give even a few satoshi of btc into the project it would be funded and you could start having things built to make the great firewall of china literally useless.... people could make things that would prevent things like this
https://github.com/shadowsocks/shadowsocks-iOS/issues/124#issuecomment-133630294 happening to you or people you know.
if everyone banded together and chipped in this could be a real thing in 2 weeks time and it would be completely awesome.. if you cant help out with the ico, help out some other way get the word out so this great project doesn't fade away!