guys is absolutely no sense in carrying out a public sale in such a market. there is simply no chance of raising money and, as other projects show, it is almost one hundred percent. many projects understand this and either refuse public sale or transfer it to another date.
You are right, it makes no sense having an ICO when its a sure thing that the target will never be achieved in this current market situation and just like you stated, most project have paused anything that has to do with such or implementation, so these are tough times for any fund raising thing in the crypto industry
Cova team is making a very nice move on the private placement. Thats much better than going for public sales. I would like to get some Cova tokens in my portfolio.