So, I have been watching this thread for a few pages now (after investing early in the ICO). I made 2 deposits, and currently 'own' a small bag of ~10,000 XPO. (being transparent before sharing my opinion)
From what I see:
-There is dispute over the remaining funds kept in escrow
-These funds WILL NOT be released until progress is shown (basic wallet, xpo release , etc)
-Bounties are unpaid 'waiting on funds'
-Dev currently hold ~60 BTC, which the community believes is enough to begin development and release basic features
-Tensions are rising with some investors, due to 'lack of decision', and some are prepared to ask for refund
-SJ(escrow) is playing it smart and waiting on a clear plan for releasing funds.
So, what can we possibly do in the situation? We have many suggestions, from many different 'levels' of people ...1st round investors, 2nd round investors, helpful 'outsiders' or non-investors, and maybe a few trolls
My thought, Developers, escrow, and (as an example) top 10 investors need to get on a hangouts conference or skype or whatever, and take this straight back to the start.
-Step 1 - send all funds not in escrow to SJ, minus the outstanding bounties, which need to be paid out to those waiting
-Step 2 - Before any funds are released, A full whitepaper, with general timeline needs to be released with approx cost of each step
-Step 3 - A minimal amount of escrowed funds are released to begin development of wallet, also refund any investors who cant wait
-Step 4 - Continue as per whitepaper.
I understand this will delay release by a fair bit of time, however I believe accepting that this began in error and fixing these issues would bring a lot more respect and trust to the project.
Just my 2 sats worth
All observations are on point. And agree with the suggestions to move forward. I'll add 2 sats to that.
And to add - CEO Frank (whoever he is) should start showing involvement in the project. Open and Fair!