4) We believe that 700 BTC it is a realistic goal to achieve and we are optimistic about this. But in case of failure to reach that goal, there are two possibilities as determined by the community at the time. 1) Carry out a second phase to raise the remaining amount or 2) launch Opair with the final amount collected but in that case some of the initial features will be cut. The mode of voting will be on our slack. So far we have talked to several and most preferred option 2, so that's what will probably happen. Edit: I was wrong before. I put option 1 when it was option 2.
I recommend a combination: Launching the coin with a MVP as a proof of work. And if the software and the code positive tested/review by the community, the whole discussion about who are the developer will be much less important and it will be easier to collect enough capital.
And the team can use this time gap to establish a legal entity as they promised. Makes a second ICO much more serious.