Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?
About the price they may believe that the token will have a high value in accordance with its function
About ICO 500BTC not difficult I even predict the funds raised over 1000 BTC
And refunds will be made if the ICO failed as where they provide escrow in thread.