Maybe they want to reach to more people asICO competition is tough,and many having bounty for even 3 months,so i think thats the right thing to do,to ensure success of the IVEP.
Since this is a long term project,there is no hurry really,1 more month will just give more time this project to grow.
I completely agree with this. Sometimes strict deadlines for things like this just don't make sense. If there is no pressure then it is a good thing to see the progress and decide if it is ok to prolong. This way you can only gain more following, you can't really lose.