I think the team is busy developing the blockchain and put IEO to the background.
Nevertheless, in the next 2-3 months they will be able to hold IEO
I think this is the right decision as investors need to be sure that the team will be able to create a working product.
At the moment, the team has created a token in the network ethereum.
I think this is an erroneous decision and it is better to wait for the development of your blockchain.
I thought that the team wanted to create a token on its blockchain and would not use ethereum or another blockchain.