It's quite a big failure, that HEAT hasn't been able to attract even a tiny bit of the massive capital influx that has been happening to crypto for half a year.
The ICO was more than half a year ago. They did fine
If by "fine" you mean a totally delayed start with the main feature of the coin (and lots of others) not enabled and seemingly unreachable so the whole coin becomes pretty much useless, then yes I guess they did fine. Or did you mean that after 3 months they managed to enable forging with rewards and a halfway stable blockchain that doesn't fork when there are more than 2 transaction? Or did you mean the faked graphs that get presented to us in order to lure new investors into this scam so the whales that invested in this crap and now can't get out can finally sell to new idiots? Seriously, which one is it ?