Any official statement on this from STASH team?
I don't know what is definition of scam, but details (including the fact that they are keeping the tokens) were publicly announced. And every investor should make good research about everything about the project they are investing in to.
Now it's up to STASH team how they will decide about the future of this project.
Agreed.. the whitepaper does lay out exactly what's going happen.. the info is pretty bleak, frankly, in that they are planning to develop something that they 'hope' the community will actually implement and then hopefully that community will honor the tokens that were sold during the ICO. It's pretty much a guaranteed loss, but they were upfront about it.
ICOs are easy to invest in, but that doesn't mean the people behind it are the people you would want to give your money too.
As with any ICO, always do your homework prior to investing, after all, its your hard work money. Also agreed, STASH did make it upfront that this project is also community driven, as stated in STASH white paper.
Community Driven? It has 0 Community aside from the 200,000 USD that has raised from investors. They have to admit their ICO is a big fail and keeping 98% of total supply is going to make things even worse, who's going to invest in this coin when is released to the market knowing the team and advisors holds 98% of the coins. IS just plain stupid, if they don't make things right NO ONE will invest in any project where anyone of the Stash team participates. NO ONE will want to work with any of the STASH team.
They either burn the unsold coins or refund investors, if they don't choose any of these two options the project is dead and they would have stolen 200,000 miserable
dollars. They will destroy their names and reputation for 200,000 USD? I will make sure of that, every time i find a project with their faces on it i will copy paste the evidence. They are done.
I do not know what is the next plan of the team? But stash team will to refund the investors that will hard to happen, i still not see any ICOs refund to the investors, sorry if i mistake. $200k not too much but enough to do many things.