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.
I Think they should just launch the coin the features will be developed over time and never be ready at start, so if they launch the coins with the initial features and keep working on the next features, as soon as the coin go up they can make a donation page.
If the coin will go up in value i think they can easly get some nice amount of btc with donations.
Cutting features will be awefull to the coin and a waiste of its potential, but rome wasnt build in one day and people will contribute if you show them your serieus cause that eventually will increase their value aswell.