A deadline of less than 1 month for this is ridiculous. You would have to have announced with at least 2 months in advance and with a term of at least 2 months.
It is absurd to make people who have believed in the project for so long lose everything. Very anti professional from the organizers and developers.
This type of action is expected from scams. But I would not expect this from a project that seemed to be serious.
I liked this project from the very beginning. And I often came and checked it, therefore, this time frame is not a problem for me.
However, it is rather short. Many have many projects in their book, but do not follow them so well. Therefore, many did not pass by this registration. Perhaps you are right, and it should have been longer.