It's a shit ICO with the worst names I have ever seen in crypto:
XtraBYtes
STaTiC - Services, Transactions and Trusted in Cointrol nodes
VITALS - Virtual Information Transmission ALigning STaTiCs
PULSE - Ping Unified LEdger Synchronization Equalizer
...
I fail to see how PoSign is any different from PoS.
It should be dead and burried, there's no point trying to sugarcoat shit, it's still shit.
And if the tech is really that good it should be forked/relaunched with a proper initial distribution, eg. not ICO.
I have to agree, and the fact that it shares a ticker symbol with a well-known scam ICO from January and the devs admit that they're just re-using coins from that scam ICO is an extremely bad thing for their image, even in the unlikely case the tech was as good as they say.