Did I understand correctly that in the past the project has already tried to launch an ICO campaign, but failed? All funds were returned to investors?
Each current holder of the Old TWQ tokens will be sent new TWQ tokens based on a 1:1 basis on the issuance date of the New TWQ tokens, they are then required to send back the Old TWQ tokens to a wallet which will be provided by iP2PGlobal, this will be burnt by iP2PGlobal.
That's hard to fully implement I can say. Not all current holders will have the knowledge about the 'swap'. And in case they will successfully do this swapping of tokens, what is the guarantee that they will be successful this time? Achieving success in raising funds via ICO these days is a very tough job. The team might want to explore their other options to ensure that they will acquire sufficient funds to push thru its developments.