Hai guys now days people are really depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.
1) ICO Stopped or Paused
2) Refund - When eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .
3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .
ex:
Trecento , Humancoin ,Vanig and etc.
What ? 40% only for refund is not a good thing for the peoples who put their money in the project.
They must return at least above 90% of the raised funds so their investors not lose too much money.
point no 3 is worst. If the softcap reached, they should not cancel the project and refund the raised funds.