Hmmm...Lets see here after a quick read of this thread after seeing it get bumped so many times...
- Dev extends initial ICO due to lack of funding (sucks for investors, but understandable since total was ~20 btc)
- Dev decreases XAI price which is good an sets a MINIMUM amount of BTC for extension to reach for project to continue
- Minimum BTC required is exceeded by about 20 BTC, and last minute the dev still decides to extend the ICO AGAIN
- All investors prior to final extension receive 20% bonus
- No refund options
This is like ping-pong. Everytime the dev does something to piss off early investors, but everytime he makes up for it somehow. First time he lowered the price per coin, and the second time, he gave investors a 20% bonus. I've done some research on the dev, and as an actual developer he seems legit. He's proven himself with XQN. What should scare you guys are these;
Its obvious the dev sucks at marketing, and doesnt realize that always going back on your word loses investor trust no matter how you reward them in return. The last time is even worse because the dev used the whole 'received extension requests privately' which is really not believable. The dev being greedy is besides the point. The point is, dev gave terms, and he didn't follow through with them...not once, but TWICE.
Secondly, and this is something I see alot of you dont realize, but even a quick glance at this thread you can tell that the top promoters are ; Alty, CrazyLoaf, and a bit from dasource.
In case you didn't know, these are the CLOAKcoin devs. The same guys who lied about the PoSA feature for CLOAK for months, worked with Bobsurplus behind the scenes to pump & dump the coin, and announced a 'secret' project CIARA (Which was pure bullshit hype of course) even before there was a functioning PoSA (Which of course never worked). Who knows what kind of dealings they have behind the scenes with the dev? Even without dealings with the dev, any coins associated with these guys cannot be trusted, especially when they obviously hold a large stake. This is the biggest red flag here tbh.
So the shady Cloak team obviously has a decent amount of XAI. No thanks. I wouldn't doubt it if they just dump @ market and try to accumulate dirt cheap kind of like what happened with Sembro. Speaking of Sembro, that was another coin whos ICO got extended last minute, and price dumped immediately 50% below ICO on launch and further dumped to 15% of ICO price. Big ouch for investors.
Look at it this way, I'd rather catch the XAI dumps on launch for cheap coins, than throw in my BTC to this sale and immediately lose value of my investment. This is the final extension? How many times has the dev changed ICO terms by now? You guys really want to keep playing this game? Risk management. Best thing you guys can do is flood this thread with refund requests.
Remember, its better safe than sorry.