Some ignorant peeps in here.

Bluelogic is fairly dead-on.

Here is what was said about the milestones:

- 30% release at the end of the crowdsale.
- 30% at the delivery of the beta wallet and first API Cluster

So no matter what - the team received 30% of crowdsale funds to begin the project.  Not sure why anyone thinks they are entitled to a refund for that.  They obviously progressed and started things.

The beta wallet and API Cluster were indeed completed.  And we have even been told they still plan on completing version 1.3 which should correct most of the problems with the current versions.
I was able to receive funds from 5 blockchains and send out 3 of those.  Kind of sucks but if we do get this update version 1.3 then they are cleared a bit in that regard. (NVO if you are reading this don't let me down)

So we are entitled to 40% of crowdsale proceeds.  They raised the equivalent of 3055 BTC but much of that was in alts that have crashed in BTC value since then.  Even with that, we are still receiving about 46% refund.  Which means you are making money in fiat terms, and doing better than if you put all your money in ETH and many other alts.

This doesn't excuse the performance of this team and their inability to solve internal problems.

To those of you thinking you should receive a full refund, I join you in your disappointment over the outcome of this project but not in your assessment of its expected resolution.
And if any of you think the original ICO addresses should get the refund you should have your head examined.