This seems to me like another Digitex exchange, the team even do not have any MVP and they are looking for money, yesterday I read Hybrid block that raise more than $30 million from their ICO as been acquired by another exchange coming on board in the space. Exchange business is not a joke and people need to ask the team tough questions and need to deliver at least MVP before giving them money
I agree with you, the team should more often get in touch and tell their plans for the development of the project. Any area that is related to money is very responsible.