No we are not using escrow, The ICO period is set at a long enough length that you will be able to start to see the project progress before the end of the ICO. The primary concern most people have is if the initial coin release will take place. Early next week I will demonstrate the initial release version that will be used for the initial coin distribution. There is no cap, the ICO price would adjust if it went over 750 BTC.
No Escrow? Good luck raising 750 BTC!
By the way, there is already another coin using POST - https://bitcointalksearch.org/topic/annpostcoinpost-pure-pos-revenue-sharing-board-partnership-50-burnt-1402308
The project dose not need to raise 750 BTC to be successful. The terms are structured to allow for multiple funding rounds if needed. After the inital testnet goes live ICO participants can be confident they will recieve their coins.
without escrow, then i will just be joining the bounties on this. and will see how this goes after release.