Just to inform that today I received my TIO's T-shirt! That's correct, today. I had even forgotten about this project because they did not even pay the full bounty, but at least the promise of t-shirt was fulfilled.
The project actually mattered than the T-shirt, but quite unfortunate things are not going as expected. I really had high hopes for this project though, but since one of the team member gave up the ghost (
https://bitcointalksearch.org/topic/m.32448789), which is actually saddening, I feel the team has not being do so much about the project development with lack of update afterwards, except there is any plan for the future we do not know about anyway, which for now it is more like we are all bag holding. For those who care to know where the project stands, this was the last update from the team.
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- About timing the market: we've already been hurt by wrongly timing the market in the past. Back when I raised the concern bitcoin was $10,300, it went already below 8000. If we had gone on the exchange then, it would have been a waste of momentum, and exchange fees paid would have been lost. If we have to go a centralized exchange in a bear market then we're better off doing it when our main platform is live, our fight right now is for our tour guides platform to go live.
- On final note, this is a very small project, total money raised during our ICO was 103,000 and over 80% of the funds were from friends and family, less than $15,000 (which we're thankful for) came from this community, so yes pressure for us to deliver on promises is very personal and close to home.
The huge losses from crypto this year has scared aware our investors, and like most of you, we also bought bitcoin at over $17k, with the sole intent to use it to pay for exchange listings and we're still counting our losses. With our core investors shaken up, we can't afford to throw money around and jeopardize the future of this project, it's important that we concentrate our funds on whats most important, which is paying for right the developers to get our Tour Guides platform up, if the market appears to have found it's floor before then, we'll be listing on an exchange as well, if not, we'll time a big exchange listing to match with our platform lunch.
We all know how the market has been, which affected a lot of projects, and the last few statements were actually reasonable but at least not enough to stop giving update as to where things stand.