The token sale is completed, thank you very much to all participants! More information is coming from the team soon! The final tally:https://i.imgur.com/zCM7WcX.png Congrats!
I think it is good amount of money in these conditions
David Siegel already said on youtube live during the ICO launch that without 50 million dollars, it's gonna be tough to get Pillar launched into any product. 50 MILLION?? Why? Because they have no developers,
no lines of code, no game plan on how to really scale this idea from his imagination into reality. So basically you invested money into a dream.
Who needs 50 million dollars when they have the brains and motivation to launch a real large scale product? Last I checked it didn't cost millions of dollars to start writing a few lines of code. WTF?
https://youtu.be/PO3aIuMGNVk?t=2586 (already downloaded and archived this video) - The whole stream is basically David begging for money and if you already invested, to invest more. They never talked about the product once. Their main dev wasn't even present to answer any questions. You can see how David gets more and more irritated throughout the whole stream when asked about anything other than money.
https://youtu.be/PO3aIuMGNVk?t=9396 - Here David admits that they've only been working at this for 9 weeks. 9 weeks? Are you kidding me? And by 'working at this' he means the money grab ICO, not the so-called "Pillar project" at all. In fact, he's clueless on how any of it would actually work.
https://youtu.be/PO3aIuMGNVk?t=16347 - Look at him insult his investors when they're requesting some support. This is the kind of person who will tell you to fuck off right after you've given him your hard-earned ETH.
It gets especially pathetic when the people present are asked to introduce themselves and they say that they're only involved with the ICO launch.
I've never seen a more amateur looking team/website and they received free money (I'm assuming most of it was their own money to hype it up in the beginning. That's why they were so DESPERATE to recoup losses)
The bottom line is that David has no team, no real whitepaper, NOTHING. If you invested in this, I'm sorry but there's a very high chance you've lost your money already. There will never be a product.