is there any news coming on this project...i thought they have a good plan
It is hard to say. At the very beginning, the developer was very actively promoting the platform, but now somehow this process is no longer so noticeable.
Now there are quite a lot of different projects with e-commerce loyalty program on the blockchain and for IOU they will be a serious competition , so the team needs to think very well about their marketing to advertise their platform.
Maybe the team is engaged with other important activities related to the project. And that's why they are not completely focusing on advertisements and promotions. But very soon they will do a good comeback.